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Answer the Question on the Basis of the Following Output

Question 48

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Answer the question on the basis of the following output data for a firm. Assume that the amounts of all nonlabor resources are fixed. Answer the question on the basis of the following output data for a firm. Assume that the amounts of all nonlabor resources are fixed.   What is the firm's average product when four workers are hired? A) 21.5 units of output. B) 43 units of output. C) 41.25units of output. D) 28.75units of output. What is the firm's average product when four workers are hired?


A) 21.5 units of output.
B) 43 units of output.
C) 41.25units of output.
D) 28.75units of output.

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