Multiple Choice
In the short- run, a firm increases its labour input from 10 to 11 workers and output increases from 500 to 560 units. Which of the following statements is correct?
A) The marginal product of the 11th worker is 50.
B) The average product of 11 workers is 60.
C) The marginal product of the 11th worker is 60.
D) The average product of 11 workers is 50.
Correct Answer:
Verified
Correct Answer:
Verified
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