Refer to the following:
"At Huffy's ... bicycle factory, 1,700 employees turn out 15,000 bicycles a day (in 1987) . Five years ago, it required 2,200 workers to make 10,000 bikes daily." (The Wall Street Journal) .
-In 1987,
A) total product was 15,000 bicycles per day.
B) the average product of labor was 0.11.
C) the marginal product of labor was 8.8.
D) both a and b
E) both a and c
Correct Answer:
Verified
Q78: Refer to the following:
The capital stock
Q79: Refer to the following:
Q80: Refer to the following: Q81: Refer to the following: Q82: Refer to the following: Q84: Refer to the following: Q85: Refer to the following: Q86: Refer to the following: Q87: Refer to the following: Q88: Refer to the following:
The following graph shows
The following graph shows
"At Huffy's ... bicycle
The following graph shows
The following graph shows
The capital stock
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