Suppose that an accounting firm with 10 employees hires another accountant.By doing so,it goes from serving 30 customers each week to serving 32 customers each week.What is the marginal product of labor for the new accountant?
A) 32
B) 2
C) 62
D) 10
Correct Answer:
Verified
Q106: Diminishing marginal product:
A)causes the variable cost curve
Q112: In general,the cost of an input:
A) decreases
Q113: The total cost curve:
A) is the sum
Q114: The fixed cost curve:
A) is steep when
Q118: Total costs:
A) are fixed costs plus variable
Q119: A soda factory employs seven workers and
Q120: Average product curve tells us:
A) the level
Q121: Diseconomies of scale refers to when in
Q122: The short run:
A) is typically defined by
Q129: Average variable costs:
A)decrease when marginal product rises
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