A cigar factory employs 20 workers and produces 1,000 cigars a day. The company reduces the workforce to 19 workers and produces 912 cigars a day. The 20th worker:
A) had a marginal product of 88 cigars.
B) caused average product to fall.
C) must have had a lower marginal product than the 19th worker.
D) All of these are correct.
Correct Answer:
Verified
Q100: Q101: When the slope of the total production Q102: The total cost curve: Q103: Suppose that an accounting firm with 10 Q104: The fixed cost curve: Q106: Diminishing marginal product: Q107: A jewelry company has three employees who Q108: When the slope of the total production Q109: In general, the cost of an input Q110: Total costs:
A)is the sum of
A)is steep when output
A)causes the variable cost curve
A)are fixed costs plus variable costs.
B)include
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