Refer to the above data.The marginal product of the fourth worker:
A) is 5.
B) is 7.
C) is 71/2.
D) cannot be calculated from the information given.
The fourth worker increased total product from 25 to 30,so her marginal product is 5.
Correct Answer:
Verified
Q34: Marginal product is:
A) the increase in total
Q42: The law of diminishing returns describes the:
A)
Q43: Q48: Q49: Which of the following best expresses the Q50: The short run is characterized by: Q51: The first,second,and third workers employed by a Q131: The law of diminishing returns indicates that Q144: If a variable input is added to Q160: Marginal product
A) plenty
A)as
A)diminishes at all levels of production.
B)may
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