Multiple Choice
To answer,refer to the following: "At Huffy's ...bicycle factory,1,700 employees turn out 15,000 bicycles a day.Five years ago,it required 2,200 workers to make 10,000 bikes daily."
Today,at the Huffy bicycle factory,
A) the total product is 15,000 bicycles per day.
B) the marginal product of labor is 10 additional bicycles per additional employee.
C) the average product of labor is 8.8 bicycles per employees.
D) both a and b
E) both a and c
Correct Answer:

Verified
Correct Answer:
Verified
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