The first,second,and third workers employed by a firm add 24,18,and 9 units to total product,respectively.On the basis of this information,we can say that:
A)the marginal product of the third worker is 9
B)the total product of the three workers is 9
C)the average product of the three workers is 3
D)the law of diminishing marginal returns becomes evident with the addition of the third worker
E)the law of diminishing marginal returns is not evident in this example

Question

Quizplus · Accepted Answer

The Answer of The first,second,and third workers employed by a firm add 24,18,and 9 units to total product,respectively.On the basis of this information,we can say that:
A)the marginal product of the third worker is 9
B)the total product of the three workers is 9
C)the average product of the three workers is 3
D)the law of diminishing marginal returns becomes evident with the addition of the third worker
E)the law of diminishing marginal returns is not evident in this example

The First,second,and Third Workers Employed by a Firm Add 24,18,and