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Author Question: The above figure depicts a short-run production function for Albert's Pretzels. The marginal ... (Read 722 times)

vicotolentino

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The above figure shows the short-run production function for Albert's Pretzels. Suppose the marginal productivity of labor for the sixth worker is 1. What is the total output produced by six workers?
◦ 31
◦ 29
◦ 30
◦ Not known from the information provided.


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jCorn1234

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The above figure shows the short-run production function for Albert's Pretzels. Suppose the marginal productivity of labor for the seventh worker is 2. What is the average output per worker when Albert's Pretzels employs seven workers by six workers?
◦ 7
◦ 6
◦ 5
◦ Not known from the information provided.






 

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