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

Author Question: Graphically, the average productivity of labor would be illustrated by the slope of the marginal ... (Read 84 times)

Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
on: Jul 1, 2018
Graphically, the average productivity of labor would be illustrated by the slope of the marginal productivity curve at the relevant point.
 a. the slope of the total product curve at the relevant point.
  b.
 c. the negative of the slope of the marginal productivity curve at the relevant point.
  d. the slope of the chord connecting the origin with the relevant point on the total output curve.

Question 2

The average productivity of capital is defined as the ratio of total capital employed to the total output produced.
 a. the extra output produced by employing one more unit of capital while holding other inputs constant.
  b. the extra output produced by employing one more unit of capital while allowing other inputs to vary.
  c. the ratio of total output produced to the quantity of capital employed.
  d.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pikon

  • Sr. Member
  • ****
  • Posts: 361
Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


Yi-Chen

  • Hero Member
  • *****
  • Posts: 550
Reply #2 on: Jul 1, 2018
Correct answers!


pikon

  • Sr. Member
  • ****
  • Posts: 361
Reply #3 on: Jul 1, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Everyone has one nostril that is larger than the other.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
The early development of the mammalian brain illustrated in schematic horizontal sections. Compare ... The early development of the mammalian brain illustrated in schematic horizontal sections. Compare ...
A Scatterplot of the Test Scores and Average Grades of 10 Students A Scatterplot of the Test Scores and Average Grades of 10 Students
Slope Fire Slope Fire
As a result of a hole in the graph, which of the following functions does not have an average ... As a result of a hole in the graph, which of the following functions does not have an average ...
An educational institution has total direct labor and material costs of $1964 per student. Its ... An educational institution has total direct labor and material costs of $1964 per student. Its ...
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library