Table 8-3
$\begin{array}{|c|c|c|c|}
\hline \begin{array}{c}
\text { Quantity of } \
\text { Workers }
\end{array} & \begin{array}{c}
\text { Quantity of } \
\text { Boxes }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Product of } \
\text { Labor }
\end{array} & \begin{array}{c}
\text { Average } \
\text { Product of } \
\text { Labor }
\end{array} \
\hline 0 & 0 & \cdots \cdots & \cdots \
\hline 1 & 50 & & \
\hline 2 & 200 & & \
\hline 3 & 240 & & \
\hline 4 & 264 & & \
\hline 5 & 284 & & \
\hline
\end{array}$
-Refer to Table 8-3.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 highest value of the average product is labor is ________ when Manny hires ________ workers.

Question

Table 8-3
 $\begin{array}{|c|c|c|c|}
\hline \begin{array}{c}
\text { Quantity of } \
\text { Workers }
\end{array} & \begin{array}{c}
\text { Quantity of } \
\text { Boxes }
\end{array} & \begin{array}{c}
\text { Marginal } \
\text { Product of } \
\text { Labor }
\end{array} & \begin{array}{c}
\text { Average } \
\text { Product of } \
\text { Labor }
\end{array} \
\hline 0 & 0 & \cdots \cdots & \cdots \
\hline 1 & 50 & & \
\hline 2 & 200 & & \
\hline 3 & 240 & & \
\hline 4 & 264 & & \
\hline 5 & 284 & & \
\hline
\end{array}$
-Refer to Table 8-3.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 highest value of the average product is labor is ________ when Manny hires ________ workers.

Quizplus · Accepted Answer

To find the answer, we need to calculate the average product of labor for each level of labor and find the highest value. 
To calculate the average product of labor, we need to divide the quantity of boxes produced by the quantity of workers. 
Using the table, we can calculate the average product of labor as follows:

- For 1 worker: average product of labor = 50/1 = 50
- For 2 workers: average product of labor = 200/2 = 100
- For 3 workers: average product of labor = 240/3 = 80
- For 4 workers: average product of labor = 264/4 = 66
- For 5 workers: average product of labor = 284/5 = 56.8

The highest value of average product of labor is 100, which occurs when Manny hires 2 workers. Therefore, the answer is C) 100; 2.

Table 8-3 -Refer to Table 8-3