Multiple Choice
If we have information about workers' marginal products, then total and average product can be found by
A) dividing marginal costs by the number of workers.
B) multiplying the average marginal product times the number of workers.
C) summing the marginal values to find the total and multiplying it times the number of workers to get the average.
D) summing the marginal values to find the total and dividing it by the number of workers to get the average.
Correct Answer:

Verified
Correct Answer:
Verified
Q188: In the short run, marginal product of
Q189: State the law of diminishing marginal returns.
Q191: If a firm produces 20 units of
Q192: Gertrude Stork's Chocolate Shoppe normally employs 4
Q194: Figure 11-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Figure 11-7
Q195: Which of the following statements correctly describes
Q196: Diseconomies of scale occur when<br>A)long-run average costs
Q197: Table 11-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4193/.jpg" alt="Table 11-7
Q198: Which of the following statements is true?<br>A)As
Q207: In the long run, all of a