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Author Question: The above figure depicts a short-run production function for Albert's Pretzels. The marginal ... (Read 738 times)

altibaby

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Reply #10 on: Jun 18, 2019


The above figure shows the short-run production function for Albert's Pretzels. The law of diminishing marginal productivity
◦ has not yet appeared for any of the levels of labor.
◦ first appears with the fifth worker.
◦ is refuted by this evidence.
◦ appears with the second worker.
Microeconomics ¦ Perloff ¦ 8th Edition
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anyusername12131

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Reply #11 on: Jun 18, 2019
appears with the second worker.


Medesa

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Reply #12 on: Jun 18, 2019


The above figure shows the short-run production function for Albert's Pretzels. The average product of labor
◦ increases throughout.
◦ increases first and then decreases.
◦ decreases first and then increases.
◦ decreases throughout.


iman

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Reply #13 on: Jun 18, 2019
decreases throughout.


Medesa

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Reply #14 on: Jun 18, 2019
Thank you!


iman

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Reply #15 on: Jun 18, 2019
Always glad to help...


HudsonKB16

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Reply #16 on: Jun 18, 2019


The above figure shows the short-run production function for Albert's Pretzels. The average productivity of labor when the firm employs five workers is
◦ 24.
◦ 6.
◦ 8.
◦ not known from the information provided.


14vl19

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Reply #17 on: Jun 18, 2019
6.


HudsonKB16

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Reply #18 on: Jun 18, 2019
Excellent


14vl19

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Reply #19 on: Jun 18, 2019
Great! Please up vote :D


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