An avocado orchard employs five full-time workers. Currently, the average product of labor is 120 pounds of avocados per day. The orchard hires a 6th full-time worker and his marginal product is 150 pounds of avocados. The average product of the six workers will now be
A) more than 120 pounds.
B) less than 120 pounds.
C) equal to 120 pounds.
D) less than the marginal product of labor.
Correct Answer:
Verified
Q96: Table 11-1 Q102: Figure 11-2 Q104: The marginal product of labor is defined Q109: Figure 11-2 Q109: Figure 11-2 Q111: Figure 11-2 Q113: Figure 11-3 Q114: Gertrude Stork's Chocolate Shoppe normally employs 4 Q114: Figure 11-3 Q119: Table 11-2 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents