Question 1
Refer to Scenario 7.8 below to answer the question(s) that follow.
SCENARIO 7.8: A swimming pool cleaning company has the following production possibilities. With one, two, three, and four workers, the company can clean 5, 12, 17, and 20 pools per day, respectively.
Refer to Scenario 7.8. Diminishing returns to labor set in with the ________ worker.
◦ first
◦ second
◦ third
◦ fourth
Question 2
Refer to Scenario 7.8 below to answer the question(s) that follow.
SCENARIO 7.8: A swimming pool cleaning company has the following production possibilities. With one, two, three, and four workers, the company can clean 5, 12, 17, and 20 pools per day, respectively.
Refer to Scenario 7.8. The average product of labor with three workers is
◦ 333.
◦ 3.5.
◦ 5.67.
◦ 11.33.
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