menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 7: The Production Process: the Behavior of Profit-Maximizing Firms
  5. Question
    Assume the Total Product of Three Workers Is 60 and the Total
Solved

Assume the Total Product of Three Workers Is 60 and the Total

Question 154

Question 154

Multiple Choice

Assume the total product of three workers is 60 and the total product of four workers is 80. The four worker's average product is ________ while the fourth worker's marginal product is ________.


A) 5; 15
B) 15; 5
C) 20; 20
D) 80; 20

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q149: Related to the Economics in Practice on

Q150: Isoquants are downward sloping because<br>A) as more

Q151: Refer to the information provided in Figure

Q152: The _ to produce any given level

Q153: Refer to the information provided in Figure

Q155: The equation (MP<sub>L</sub>/P<sub>L</sub>) = (MP<sub>K</sub>/P<sub>K</sub>)<sub> </sub>represents<br>A) profit

Q156: Refer to the information provided in Figure

Q157: The Cakery Bakery sells 200 muffins at

Q158: Refer to the information provided in Figure

Q159: A key decision that all firms make

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines