Multiple Choice
Suppose a 1-unit increase in labour,from 2 to 3 workers,increases output from 10 to 15 tea cups.The marginal product from the increase in the quantity of labour is
A) 1 tea cup.
B) 3 tea cups.
C) 4 tea cups.
D) 5 tea cups.
E) 15 tea cups.
Correct Answer:
Verified
Related Questions
Q21: Marginal product
A)is always negative.
B)is the slope of
Q21: Use the table below to answer the
Q23: Table 11.2.1 Q24: The law of diminishing marginal returns refers Q25: When the marginal product of labour is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents