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Author Question: When labor usage is at 12 units, output is 36 units. From this we may infer that A) the marginal ... (Read 239 times)

mikaylakyoung

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on: Jul 1, 2018
When labor usage is at 12 units, output is 36 units. From this we may infer that
 
  A) the marginal product of labor is 3.
  B) the total product of labor is 1/3.
  C) the average product of labor is 3.
  D) none of the above

Question 2

See the information in Scenario 4.4. Suppose P = 10, Pc = 100, Pd = 2, A = 5, and I = 50. How many games will be sold?
 
  A) -100
  B) 0
  C) 50
  D) 90
  E) none of the above


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prumorgan

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

D


mikaylakyoung

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Reply 2 on: Jul 1, 2018
Excellent

steff9894

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

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