Exhibit 7-12
-For the total product curve in Exhibit 7-12, the average product at point c is:

Name: Exhibit 7-12 -For the total product curve in Exhibit 7-12, the average product at point c is:
Brand: Quizplus
Rating: 4.7 (55 reviews)

Question

Exhibit 7-12 
-For the total product curve in Exhibit 7-12, the average product at point c is:

Quizplus · Accepted Answer

To find average product, we divide total product by the quantity of labor input. At point c, the quantity of labor input is 6, and the total product is 60. Therefore, the average product at point c is 60/6 = 10.

Exhibit 7-12 -For the Total Product Curve in Exhibit 7-12, the Average