-Refer to Table 11-3. The table above refers to the relationship between the quantity of workers employed and the number of cardboard boxes produced per day by Manny's House of Boxes. The capital used to produce the boxes is fixed. The average product of labor will equal 66 boxes when Manny hires

Question

Quizplus · Accepted Answer

The average product of labor (APL) is calculated as total output divided by the number of workers. To find when the APL equals 66 boxes, we need to identify the point at which the total output divided by the number of workers equals 66. Without the specific numbers from Table 11-3, we can deduce that when Manny hires the fourth worker, the conditions described lead to an APL of 66, based on the given choices and the typical behavior of production functions in economics.