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Author Question: The average product of labor is equal to the A) total product divided by the total number of ... (Read 143 times)

craiczarry

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on: Jun 29, 2018
The average product of labor is equal to the
 
  A) total product divided by the total number of workers hired.
  B) total number of workers hired divided by the total product.
  C) slope of the marginal product of labor curve.
  D) Both answers B and C are correct.

Question 2

All points above the budget line are
 
  A) inferior to every point on the budget line.
  B) preferred to every point on the budget line.
  C) unaffordable.
  D) Both answers B and C are correct.


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LVPMS

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


craiczarry

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  • Posts: 527
Reply 2 on: Jun 29, 2018
Excellent

phuda

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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