-Using the data in the above table, if the firm employs 3 workers, total product (measured in units per day) and average product and marginal product of the third worker (measured in units per worker) are
A) 19, 6 1/3, and 9 respectively.
B) 3, 19, and 6 1/3 respectively.
C) 19, 3, and 9 respectively.
D) 19, 6 1/3, and 7 respectively.
Correct Answer:
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Q139: When the marginal product of labor is
Q140: Q141: A firm has fixed costs Q142: A firm's total fixed cost (TFC) is Q143: Which of the following statements is CORRECT? Q145: Total variable cost Q146: Total variable cost is the sum of Q147: Ernie's Earmuffs produces 200 earmuffs per year Q148: Total fixed cost Q149: Total fixed cost is the sum of
A) in the
A)
A) increases as output increases.
B)
A) increases as output increases.
B)
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