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Author Question: Using the above table, when Jefferson's Cleaners hires three workers A) the average product of ... (Read 94 times)

anshika

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Using the above table, when Jefferson's Cleaners hires three workers
 
  A) the average product of labor is greater than the marginal product.
  B) the marginal product of labor is greater than the average product.
  C) it has already experienced diminishing marginal returns.
  D) Both answers A and C are correct.

Question 2

A firm's shutdown point is the quantity and price at which the firm's total revenue just equals its
 
  A) total cost.
  B) total variable cost.
  C) total fixed cost.
  D) marginal cost.



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AaaA

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Answer to Question 1

B

Answer to Question 2

B




anshika

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


Dominic

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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