Author Question: When labor usage is at 12 units, output is 36 units. From this we may infer that A) the marginal ... (Read 242 times)

mikaylakyoung · **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