Use the table below to answer the following questions.
Table 11.2.2
-Refer to Table 11.2.2 which gives Tania's total product schedule. The average product when the firm employs four workers is
A) 2 teapots per worker.
B) 8 teapots per worker.
C) 12 teapots per worker.
D) 15 teapots per worker.
E) 3.75 teapots per worker.
Correct Answer:
Verified
Q34: Table 11.2.1 Q36: Table 11.2.1 Q44: Diminishing marginal returns refers to a situation Q44: The average product of energy equals Q48: If the total product of three workers Q53: Marginal product Q57: Which one of the following statements is Q63: The average product of labour equals Q71: If capital is a variable input in Q73: If energy (E)is the only input used
A)the increase
A)is always negative.
B)equals the slope of
A)the slope
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