menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 16
  4. Exam
    Exam 6: Inputs and Production Functions
  5. Question
    Holding Labor Constant at 2 Units, the Average Productivity of Three
Solved

Holding Labor Constant at 2 Units, the Average Productivity of Three

Question 53

Question 53

Multiple Choice

Holding labor constant at 2 units, the average productivity of three units of capital is


A) 8.
B) 12.
C) 21.
D) 24.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Identify the true statement.<br>A)Decreasing returns to scale

Q19: Diminishing marginal returns occur when the total

Q22: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8502/.jpg" alt=" -Average product reaches

Q48: Identify the truthfulness of the following statements.

Q49: The production function <span class="ql-formula"

Q50: Consider the CES production function

Q55: Which one of these is false when

Q56: Consider the CES production function

Q57: The expression given below explains:<br>A) Product hill<br>B)

Q78: When isoquants are convex to the origin,:<br>A)the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines