Multiple Choice
Refer to the following:
"At Huffy's ... bicycle factory, 1,700 employees turn out 15,000 bicycles a day (in 1987) . Five years ago, it required 2,200 workers to make 10,000 bikes daily." (The Wall Street Journal) .
-In 1987,
A) total product was 15,000 bicycles per day.
B) the average product of labor was 0.11.
C) the marginal product of labor was 8.8.
D) both a and b
E) both a and c
Correct Answer:

Verified
Correct Answer:
Verified
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