This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider a basket-producing firm with fixed capital. The firm can produce 36 baskets per day with 3 ... (Read 20 times)

aeb093

  • Full Member
  • ***
  • Posts: 165
on: Oct 12, 2022
Consider a basket-producing firm with fixed capital. The firm can produce 36 baskets per day with 3 workers and then increases productivity to 44 baskets per day with 4 workers. Which of the following statements is true?
◦ The marginal product is above the average product.
◦ The firm has passed the point of diminishing average productivity.
◦ The marginal product of the fourth worker is 11.
◦ With 4 workers, the firm's average product of labour is 13.
◦ The firm has not yet reached the point of diminishing marginal productivity.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by aeb093 on Oct 12, 2022

Tussalpain

  • Full Member
  • ***
  • Posts: 189
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


aeb093

  • Member
  • Posts: 165
Reply 2 on: Oct 12, 2022
Wow, this really help

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Plant apical meristems and the primary tissues they produce. Plant apical meristems and the primary tissues they produce.
A subdural hematoma. A meningeal vein is ruptured and blood has accumulated in the subdural space, p A subdural hematoma. A meningeal vein is ruptured and blood has accumulated in the subdural space, p
Examples of the most common X-ray positions and the images they produce. Examples of the most common X-ray positions and the images they produce.
Farmers’ markets provide fresh, local produce to consumers Farmers’ markets provide fresh, local produce to consumers
Share of Human Capital in Wages in Advanced Countries Share of Human Capital in Wages in Advanced Countries
A basic strategy for producing a knockout mouse A basic strategy for producing a knockout mouse
Video: Immune responses Animation

For a complete list of videos, visit our video library