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Author Question: FIGURE 7-1Refer to Figure 7-1. Suppose each unit of labour represents one worker for one month. What ... (Read 17 times)

mimie

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on: Oct 12, 2022

Question 1




FIGURE 7-1

Refer to Figure 7-1. If the firm hires the 15th unit of labour,


◦ output will increase by 2 units of output.
◦ average product will rise.
◦ the extra output will be zero.
◦ marginal product will be unchanged.
◦ the firm will reach its capacity.

Question 2




FIGURE 7-1

Refer to Figure 7-1. Suppose each unit of labour represents one worker for one month. What is the maximum number of workers the firm could hire so that the final worker hired still raises the average product of the other workers?


◦ 15
◦ 7
◦ 11
◦ 9
◦ 8
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mimie on Oct 12, 2022

queenBea90

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mimie

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

xiazhe

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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