Multiple Choice
Table 11-1
Table 11-1 shows the technology of production at the Matsuko's Mushroom Farm for the month of May.
-Refer to Table 11-1.What is the marginal product of the 4th worker?
A) 137 pounds
B) 50 pounds
C) 12.5 pounds
D) 5 pounds
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Describe the difference between technology and positive
Q2: Economies of scale occur when<br>A)a firm's long-run
Q4: Figure 11-11<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-11
Q5: An avocado orchard employs five full-time workers.Currently,
Q6: In economics, technology only refers to the
Q7: Which of the following are implicit costs
Q8: If, after hiring the 6th worker, a
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Q10: Figure 11-1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-1
Q11: As output increases, average fixed cost gets