Solved

-The Table Above Shows the Total Product Schedule for the X

Question 70

Multiple Choice

  -The table above shows the total product schedule for The X Firm.The average product of labor is maximized at ________ workers because ________. A)  4; productivity is maximized when the 4th worker is employed B)  3; output starts to decrease with the 4th worker C)  5; output is maximized with the 5th worker D)  4; the marginal product of labor is increasing with the 4th worker E)  5; the APL exceeds the MPL for the 5th worker
-The table above shows the total product schedule for The X Firm.The average product of labor is maximized at ________ workers because ________.


A) 4; productivity is maximized when the 4th worker is employed
B) 3; output starts to decrease with the 4th worker
C) 5; output is maximized with the 5th worker
D) 4; the marginal product of labor is increasing with the 4th worker
E) 5; the APL exceeds the MPL for the 5th worker

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents