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Author Question: Average product of labor is equal to ________. A) total product multiplied by the quantity of ... (Read 154 times)

FButt

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on: Jun 29, 2018
Average product of labor is equal to ________.
 
  A) total product multiplied by the quantity of labor employed.
  B) the total product produced
  C) the quantity of labor employed divided by total product
  D) total product divided by the quantity of labor employed

Question 2

Moving along a given budget line
 
  A) prices and real income both decrease.
  B) prices fall and real income is constant.
  C) real income decreases and prices are constant.
  D) prices and real income are constant.


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jojobee318

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

D

Answer to Question 2

D


FButt

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  • Posts: 519
Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

JaynaD87

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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