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Author Question: Consider a house-construction firm with fixed capital. The firm can build 8 houses per year with 16 ... (Read 60 times)

Facerro

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on: Oct 12, 2022
Consider a house-construction firm with fixed capital. The firm can build 8 houses per year with 16 workers and 8.8 houses per year with 17 workers. If it is currently building 8.8 houses per year, which of the following is true?
◦ Average product is at a maximum with 17 workers.
◦ The marginal product is below the average product.
◦ Average product is at a maximum with 16 workers.
◦ The firm has already passed the point of diminishing marginal productivity.
◦ The firm has not yet reached the point of diminishing average productivity.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Facerro 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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Facerro

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

strudel15

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Reply 3 on: Yesterday
Wow, this really help

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