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 average product of labor will equal 66 boxes when Manny hires

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 average product of labor will equal 66 boxes when Manny hires

Quizplus · Accepted Answer

To calculate the average product of labor, we divide the quantity of boxes produced by the number of workers.

For the second worker: 
Average product of labor = 200 boxes / 2 workers = 100 boxes/worker

For the third worker: 
Average product of labor = 240 boxes / 3 workers = 80 boxes/worker

For the fourth worker: 
Average product of labor = 264 boxes / 4 workers = 66 boxes/worker

For the fifth worker: 
Average product of labor = 284 boxes / 5 workers = 56.8 boxes/worker

Therefore, the average product of labor will equal 66 boxes/worker when Manny hires the fourth worker.

Table 8-3 -Refer to Table 8-3