A bracelet making company has three employees,and together they produce 10 bracelets an hour.When a fourth worker joins them,the output for the company is now 11 bracelets an hour.Which of the following is true?
A) Diminishing marginal product started with the fourth worker.
B) Average product has increased.
C) Total product is increasing.
D) None of these is true.
Correct Answer:
Verified
Q100: Q102: Assume a company is at a point Q103: Average variable costs: Q104: Average total cost: Q107: A cigar factory employs 20 workers and Q108: Average product measures: Q109: When marginal product _ average product,average product Q110: Assume a company is at a point Q111: Average fixed costs: Q139: Average total cost:
A) always trend upward as
A) is the sum of
A) the quantity of output
A)always trend downward as output
A)decreases when output levels are
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