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Author Question: The above figure depicts a short-run production function for Albert's Pretzels. The marginal ... (Read 720 times)

vicotolentino

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Reply #20 on: Jun 18, 2019


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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af

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Reply #21 on: Jun 18, 2019
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jCorn1234

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Reply #22 on: Jun 18, 2019



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.


triiciiaa

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Reply #23 on: Jun 18, 2019
6


jCorn1234

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Reply #24 on: Jun 18, 2019
Thanks


triiciiaa

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Reply #25 on: Jun 18, 2019
Welcome :)


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