Multiple Choice
Assume that the only variable resource used to produce output is labor. 
Refer to the provided table. When the firm hires four units of labor, the average product of labor is
A) 5 units of output.
B) 7.50 units of output.
C) 8.50 units of output.
D) 30 units of output.
Correct Answer:
Verified
Correct Answer:
Verified
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