The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
TABLE 7-4
-Refer to Table 7-4.Marginal product of labour begins decreasing with the ________ unit of labour hired.Average product of labour begins decreasing with the ________ unit of labour hired.
A)4th; 3rd
B)3rd; 2nd
C)2nd; 3rd
D)3rd; 4th
E)4th; 5th

Question

The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
  TABLE 7-4
-Refer to Table 7-4.Marginal product of labour begins decreasing with the ________ unit of labour hired.Average product of labour begins decreasing with the ________ unit of labour hired.
A)4th; 3rd 
B)3rd; 2nd 
C)2nd; 3rd 
D)3rd; 4th 
E)4th; 5th

Quizplus · Accepted Answer

The Answer of The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
  TABLE 7-4
-Refer to Table 7-4.Marginal product of labour begins decreasing with the ________ unit of labour hired.Average product of labour begins decreasing with the ________ unit of labour hired.
A)4th; 3rd 
B)3rd; 2nd 
C)2nd; 3rd 
D)3rd; 4th 
E)4th; 5th

The Following Data Show the Total Output for a Firm