The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
TABLE 7-4
-Refer to Table 7-4.The average product of labour is highest when the firm hires ________ units of labour.
A)1
B)2
C)3
D)4

Question

The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
  TABLE 7-4
-Refer to Table 7-4.The average product of labour is highest when the firm hires ________ units of labour.
A)1 
B)2 
C)3 
D)4

Quizplus · Accepted Answer

The Answer of The following data show the total output for a firm when specified amounts of labour are combined with a fixed amount of capital.When answering the questions,you are to assume that the wage per unit of labour is $25 and the cost of the capital is $100.
  TABLE 7-4
-Refer to Table 7-4.The average product of labour is highest when the firm hires ________ units of labour.
A)1 
B)2 
C)3 
D)4

The Following Data Show the Total Output for a Firm