Multiple Choice
FIGURE 7-1
-Refer to Figure 7-1.If the firm hires the 15th unit of labour,
A) the extra output will be zero.
B) average product will rise.
C) marginal product will be unchanged.
D) the firm will reach its capacity.
E) output will increase by 2 units of output.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q69: Consider a basket-producing firm with fixed capital.If
Q70: The following data show the total output
Q71: Which of the following statements is NOT
Q72: Consider a firm in the short run.Average
Q73: Suppose that when a firm hires one
Q75: The opportunity cost to a firm of
Q76: The following data show the total output
Q77: The table below provides information on output
Q78: The following data show the total output
Q79: A firm's short-run marginal cost curve is