Multiple Choice
-Using the above table, the total product and average product when 5 workers are employed are
A) 61 and 21, respectively.
B) 62 and 13, respectively.
C) 62 and 15, respectively.
D) 61 and 12.2, respectively.
Correct Answer:

Verified
Correct Answer:
Verified
Q212: The minimum efficient scale in the figure
Q213: The addition to total costs associated with
Q214: "In the short run, a firm cannot
Q215: Minimum efficient scale<br>A) is the point at
Q216: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q218: Suppose that one worker can produce 15
Q219: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q220: The change in total costs due to
Q221: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Using the above
Q222: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the