This topic contains a solution. Click here to go to the answer

Author Question: Consider a basket-producing firm with fixed capital. The firm can produce 24 baskets per day with 3 ... (Read 130 times)

knemetz3

  • Full Member
  • ***
  • Posts: 149
Consider a basket-producing firm with fixed capital. The firm can produce 24 baskets per day with 3 workers and then increases production to 36 baskets per day with 4 workers. Which of the following statements is definitely true?
◦ The marginal productivity of the fourth worker is 9.
◦ With 4 workers, the marginal product is greater than the average product.
◦ The firm has passed the point of diminishing marginal productivity.
◦ The firm has passed the point of diminishing average productivity.
◦ With 4 workers, the average product is greater than the marginal product.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by knemetz3 on Oct 12, 2022

Mynameisrandom

  • Full Member
  • ***
  • Posts: 178
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.
Answer Preview
Only 35% of students answer this correctly




knemetz3

  • Member
  • Posts: 149
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


Missbam101

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

For a complete list of videos, visit our video library