Question 1

Refer to the information provided in Figure 7.3 below to answer the question(s) that follow.  Figure 7.3
-Refer to Figure 7.3. The average product with two workers is ________ yards raked.

Accepted Answer

The average product with two workers is 13.5 yards raked. This is calculated by dividing the total output of 27 yards by the number of workers, which is 2.

Question 2

Refer to the information provided in Figure 7.2 below to answer the question(s) that follow.  Figure 7.2
-Refer to Figure 7.2. The marginal product of the first worker is ________ lawns moved.

Accepted Answer

The marginal product of the first worker is the increase in output from hiring the first worker, which is 3 lawns mowed (going from 0 to 3 lawns with the first worker).

Question 3

Refer to the information provided in Figure 7.3 below to answer the question(s) that follow.  Figure 7.3
-Refer to Figure 7.3. The average product of the first worker is ________ yards raked.

Accepted Answer

The average product of the first worker is calculated by dividing the total output by the number of workers. If the first worker rakes 10 yards, then the average product is 10 yards.

Question 4

Refer to Scenario 7.7 below to answer the question(s) that follow.
SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively.
-Refer to Scenario 7.7. The average product of labor with three workers is

Accepted Answer

The average product of labor is calculated by dividing the total output by the number of workers. With three workers, the company can mow 12 lawns per day, so the average product of labor is 12 lawns / 3 workers = 4 lawns per worker.

Question 5

Refer to the information provided in Figure 7.3 below to answer the question(s) that follow.  Figure 7.3
-Refer to Figure 7.3. The marginal product of the first worker is ________ yards raked.

Accepted Answer

The answer of Refer to the information provided in Figure...

Question 6

Refer to Scenario 7.7 below to answer the question(s) that follow.
SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively.
-Refer to Scenario 7.7. The marginal product of the second worker is

Accepted Answer

The marginal product of the second worker is calculated by subtracting the total product with one worker from the total product with two workers. Thus, 9 lawns - 4 lawns = 5 lawns.

Question 7

Use the information provided in Table 7.2 below to answer the question(s) that follow. 
Inputs Required to Produce a Product Using Alternative Technologies
$\begin{array} { c c c } 
\hline \text { Technology } & \text { Units of Capital } & \text { Number of Employees } \
\hline \text { A } & 16 & 8 \
\text { B } & 12 & 12 \
\text { C } & 8 & 20 \
\text { D } & 6 & 24 \
\hline
\end{array}$

-Refer to Table 7.2. Which technology is the least labor intensive?

Accepted Answer

Technology A is the least labor intensive because it requires the fewest number of employees (8) compared to the other technologies.

Question 8

The marginal products of the first, second, and third workers are 20, 12, and 8, respectively. If four workers can produce 45 units of output, then the marginal product of the fourth worker is

Accepted Answer

The marginal product of a worker is the additional output produced by adding one more worker. The total output from the first three workers is 20 (from the first worker) + 12 (from the second worker) + 8 (from the third worker) = 40 units. If four workers can produce 45 units in total, then the fourth worker's marginal product is the difference between the total output with four workers and the total output with three workers, which is 45 - 40 = 5 units.

Question 9

At the Pampered Pet Salon the marginal products of the first, second, and third workers are 20, 16, and 10 dogs washed, respectively. The total product (number of dogs washed) of the first two workers is

Accepted Answer

The total product of the first two workers is the sum of their marginal products: 20 (from the first worker) + 16 (from the second worker) = 36 dogs washed.

Question 10

Refer to Scenario 7.7 below to answer the question(s) that follow.
SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively.
-Refer to Scenario 7.7. The average product of labor with four workers is

Accepted Answer

The average product of labor is calculated by dividing the total output by the number of workers. With four workers, the company can mow 14 lawns per day, so the average product of labor is 14 lawns / 4 workers = 3.5 lawns per worker.

Question 11

Refer to the information provided in Figure 7.2 below to answer the question(s) that follow.  Figure 7.2
-Refer to Figure 7.2. The average product with two workers is ________ lawns mowed.

Accepted Answer

The answer of Refer to the information provided in Figure...

Question 12

At the Pampered Pet Salon the marginal products of the first, second, and third workers are 20, 16, and 10 dogs washed, respectively. The total product (number of dogs washed) of the three worker is

Accepted Answer

The total product is the sum of the marginal products of all workers. For the three workers, it's 20 + 16 + 10 = 46 dogs washed.

Question 13

Refer to Scenario 7.7 below to answer the question(s) that follow.
SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively.
-Refer to Scenario 7.7. Diminishing returns to labor set in with the ________ worker.

Accepted Answer

Diminishing returns to labor set in with the third worker, as evidenced by the decreasing marginal increase in the number of lawns mowed. The increase from one to two workers is 5 lawns, from two to three workers is 3 lawns, and from three to four workers is only 2 lawns, indicating diminishing returns starting with the addition of the third worker.

Question 14

Refer to Scenario 7.7 below to answer the question(s) that follow.
SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively.
-Refer to Scenario 7.7. The marginal product of the fourth worker is

Accepted Answer

The marginal product of the fourth worker is the additional output from hiring the fourth worker, calculated as the difference in output between four workers and three workers. With three workers, the company can mow 12 lawns, and with four workers, it can mow 14 lawns. Therefore, the marginal product of the fourth worker is 14 - 12 = 2 lawns.

Question 15

Refer to the information provided in Figure 7.2 below to answer the question(s) that follow.  Figure 7.2
-Refer to Figure 7.2. The marginal product of the second worker is ________ lawns mowed.

Accepted Answer

The marginal product of a worker is the additional output produced by that worker. If the first worker mows 3 lawns and the second worker increases the total to 8 lawns, the marginal product of the second worker is 8 - 3 = 5 lawns mowed.

Question 16

Refer to the information provided in Figure 7.3 below to answer the question(s) that follow.  Figure 7.3
-Refer to Figure 7.3. The marginal product of the second worker is ________ yards raked.

Accepted Answer

The marginal product of the second worker is the additional output produced when the second worker is hired. If the figure shows that the total output increases by 17 yards when the second worker is added, then the marginal product is 17 yards.

Question 17

Refer to the information provided in Figure 7.2 below to answer the question(s) that follow.  Figure 7.2
-Refer to Figure 7.2. The average product of the first worker is ________ lawns moved.

Accepted Answer

The average product of the first worker is calculated by dividing the total output by the number of workers. If the first worker mows 3 lawns, then the average product for the first worker is 3 lawns mowed.

Question 18

When Burger Barn hires one worker, 20 customers can be served in an hour. When Burger Barn hires two workers, 50 customers can be served in an hour. The marginal product of the second worker is ________ customers served per hour.

Accepted Answer

The marginal product of the second worker is calculated by subtracting the total product (customers served) with one worker from the total product with two workers. So, it's 50 customers - 20 customers = 30 customers served per hour.

Question 19

At the Larson Bakery the marginal products of the first, second, and third sales clerks are 20, 17, and 11 customers served, respectively. The total product (number of customers served) of the first two sales clerks is

Accepted Answer

The total product of the first two sales clerks is the sum of their marginal products: 20 (first clerk) + 17 (second clerk) = 37 customers served.

Question 20

Refer to Scenario 7.7 below to answer the question(s) that follow.
SCENARIO 7.7: A lawn service company has the following production possibilities. With one, two, three, and four workers, the company can mow 4, 9, 12, and 14 lawns per day, respectively.
-Refer to Scenario 7.7. The marginal product of the third worker is

Accepted Answer

The marginal product of the third worker is the additional number of lawns mowed when the third worker is added. With two workers, 9 lawns are mowed, and with three workers, 12 lawns are mowed. Therefore, the marginal product of the third worker is 12 - 9 = 3 lawns.

Quiz 7: The Production Process: the Behavior of Profit-Maximizing Firms

Refer to the information provided in Figure 7.3 below to answer the question(s) that follow. Figure 7.3 -Refer to Figure 7.3. The average product with two workers is ________ yards raked.

Refer to the information provided in Figure 7.2 below to answer the question(s) that follow. Figure 7.2 -Refer to Figure 7.2. The marginal product of the first worker is ________ lawns moved.

Refer to the information provided in Figure 7.3 below to answer the question(s) that follow. Figure 7.3 -Refer to Figure 7.3. The average product of the first worker is ________ yards raked.

Refer to the information provided in Figure 7.3 below to answer the question(s) that follow. Figure 7.3 -Refer to Figure 7.3. The marginal product of the first worker is ________ yards raked.

The marginal products of the first, second, and third workers are 20, 12, and 8, respectively. If four workers can produce 45 units of output, then the marginal product of the fourth worker is

At the Pampered Pet Salon the marginal products of the first, second, and third workers are 20, 16, and 10 dogs washed, respectively. The total product (number of dogs washed) of the first two workers is

Refer to the information provided in Figure 7.2 below to answer the question(s) that follow. Figure 7.2 -Refer to Figure 7.2. The average product with two workers is ________ lawns mowed.

At the Pampered Pet Salon the marginal products of the first, second, and third workers are 20, 16, and 10 dogs washed, respectively. The total product (number of dogs washed) of the three worker is

Refer to the information provided in Figure 7.2 below to answer the question(s) that follow. Figure 7.2 -Refer to Figure 7.2. The marginal product of the second worker is ________ lawns mowed.

Refer to the information provided in Figure 7.3 below to answer the question(s) that follow. Figure 7.3 -Refer to Figure 7.3. The marginal product of the second worker is ________ yards raked.

Refer to the information provided in Figure 7.2 below to answer the question(s) that follow. Figure 7.2 -Refer to Figure 7.2. The average product of the first worker is ________ lawns moved.

When Burger Barn hires one worker, 20 customers can be served in an hour. When Burger Barn hires two workers, 50 customers can be served in an hour. The marginal product of the second worker is ________ customers served per hour.

At the Larson Bakery the marginal products of the first, second, and third sales clerks are 20, 17, and 11 customers served, respectively. The total product (number of customers served) of the first two sales clerks is