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kled

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Question 1

The figure presents Total Product (units of output per day) as a function of Labour (workers per day) hired.



FIGURE 7-2

Refer to Figure 7-2. The most efficient way to produce 160 units of output is to hire


◦ 2 workers.
◦ 3 workers.
◦ 4 workers.
◦ 5 workers.
◦ 6 workers.

Question 2

The figure presents Total Product (units of output per day) as a function of Labour (workers per day) hired.



FIGURE 7-2

Refer to Figure 7-2. The marginal product of the second worker is


◦ 12 units.
◦ 2 units.
◦ 16 units.
◦ 48 units.
◦ 32 units.


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Marked as best answer by kled on Oct 12, 2022

Talvinder.Singh

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kled

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


sailorcrescent

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Reply 3 on: Yesterday
Excellent

 

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