Table 11-3

-Refer to Table 11-3.The table above refers to the relationship between the quantity of workers employed and the number of cardboard boxes produced per day by Manny's House of Boxes.The capital used to produce the boxes is fixed.The highest value of the average product is labor is ________ when Manny hires ________ workers.
A)80; 3
B)100; 3
C)100; 2
D)80; 4

Question

Table 11-3
 
-Refer to Table 11-3.The table above refers to the relationship between the quantity of workers employed and the number of cardboard boxes produced per day by Manny's House of Boxes.The capital used to produce the boxes is fixed.The highest value of the average product is labor is ________ when Manny hires ________ workers.
A)80; 3 
B)100; 3 
C)100; 2 
D)80; 4

Quizplus · Accepted Answer

Looking at the table, the highest value of average product of labor is 100 when Manny hires 2 workers. Hiring 3 workers only slightly decreases the average product of labor to 80, so the optimal choice is to hire 2 workers.

Table 11-3 -Refer to Table 11-3.The Table Above Refers to the Relationship