refer to the following:
A firm estimates its long-run production function to be

Suppose the firm employs 12 units of capital.
-At ________ units of labor, average product of labor begins to diminish.
A) 32.21
B) 44.44
C) 66.67
D) 76.66
E) 82.27

Question

refer to the following:
A firm estimates its long-run production function to be
  
Suppose the firm employs 12 units of capital.
-At ________ units of labor, average product of labor begins to diminish.
A) 32.21 
B) 44.44 
C) 66.67 
D) 76.66 
E) 82.27

Quizplus · Accepted Answer

The average product of labor begins to diminish after the point of diminishing marginal returns, which typically occurs when adding more workers causes the output per worker to decrease. This is a theoretical concept in economics, and without specific data or a graph, it's impossible to determine the exact point. However, given the choices, C) 66.67 is selected as a placeholder for the correct answer in the context of this question.

Refer to the Following