To answer,refer to the following: "At Huffy's ...bicycle factory,1,700 employees turn out 15,000 bicycles a day.Five years ago,it required 2,200 workers to make 10,000 bikes daily."
Today,at the Huffy bicycle factory,
A)the total product is 15,000 bicycles per day.
B)the marginal product of labor is 10 additional bicycles per additional employee.
C)the average product of labor is 8.8 bicycles per employees.
D)both a and b
E)both a and c

Question

Quizplus · Accepted Answer

This is because the passage states that 1,700 employees produce 15,000 bicycles per day, which means the total product is 15,000 bicycles per day (choice A is correct). Additionally, we can calculate the average product of labor by dividing the total product (15,000) by the number of employees (1,700), which gives us 8.8 bicycles per employee (choice C is correct). The passage does not provide information to calculate the marginal product of labor, so choice B is incorrect. Therefore, the best choice is E.

To Answer,refer to the Following: "At Huffy's