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  1. Topics
  2. Business
  3. Managerial Economics
  4. Quiz 8: Production and Cost in the Short Run

in the Table Above,how Much Does the Third Unit

Question 16
Multiple Choice

img In the table above,how much does the third unit of labor ADD to total output? A)100 B)125 C)150 D)300 E)none of the above

Related questions
Q 17
In the table above,diminishing returns A)begin with the first unit of labor. B)begin with the third unit of labor. C)begin with the fourth unit of labor. D)begin with the fifth unit of labor. E)do not occur because output is positive for all levels of labor usage.
Q 18
In the table above,what is the average product of four units of labor? A)20 B)60 C)80 D)100 E)350
Q 19
In the table above,what is the maximum amount of output that can be produced with two workers? A)50 B)125 C)150 D)250 E)320
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