Suppose that one worker can produce 15 cookies, two workers can produce 35 cookies together, and three workers can produce 65 cookies together. What is the average product of the first three workers?
A) 65 cookies
B) 30 cookies
C) 17.5 cookies
D) 21.67 cookies
Correct Answer:
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Q42: Suppose that one worker can produce 15
Q43: If the marginal product curve is increasing
Q44: Q45: Marginal physical product of the first worker Q46: Which of the following changes a firm's Q46: The concept of the production function implies Q50: The production function Q51: Suppose that one worker can produce 15 Q52: If marginal product is negative, then Q59: Which of the following statements is FALSE?
A) shows the maximum level
A) total
A)
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