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Author Question: The marginal product of labor is the a. cost of one worker b. average output per worker c. change ... (Read 174 times)

eruditmonkey@yahoo.com

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on: Jun 30, 2018
The marginal product of labor is the
 a. cost of one worker
  b. average output per worker
  c. change in revenue from selling one more unit of output
  d. change in revenue from using one more unit of labor
  e. change in output from using one more unit of labor

Question 2

Which of the following is true of marginal product?
 a. The firm should produce where marginal product is greatest.
  b. The firm should produce where marginal product is increasing.
  c. When marginal product is falling, total product is falling.
  d. The firm should produce where marginal product is zero.
  e. When marginal product is increasing, total product is increasing by increasing amounts.


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qytan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


eruditmonkey@yahoo.com

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  • Posts: 546
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

alvinum

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  • Posts: 317
Reply 3 on: Yesterday
Excellent

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