Solved

If the Average Product of Labor Falls from 5 to 4.5

Question 13

Multiple Choice

If the average product of labor falls from 5 to 4.5 when a sixth unit of labor is added,the marginal product of this sixth person is

A) 27.
B) 9.5.
C) 4.5.
D) 2.
E) 0.5.

Related Questions

Q8: Large capital accumulation is facilitated in a

Q9: If for a firm the price of

Q10: The following question are based on the

Q11: The easiest and most inexpensive form of

Q12: A business firm that is regarded as

Q14: The following question are based on the

Q15: General Motors was formed in 1908 by<br>A)

Q16: Costs are clearly minimized for a given

Q17: The system of checks and balances that

Q18: An important element of the Sarbanes-Oxley Act