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erinhorse181Lv1
28 Sep 2019
11. Answer the questions which follow from the information given in the table.
Units of Total Average Marginal
Labor Product Product Product
0 0 0 0
1 320
2 384
3 1104
4 352
5 192
6 1680
a. If one unit of labor is hired, what is total product?
b. If two units of labor are hired, what is average product?
c. If three units of labor are hired, what is marginal product?
d. If four units of labor are hired, what is total product.
e. If five units of labor are hired, what is average product?
11. Answer the questions which follow from the information given in the table.
Units of Total Average Marginal
Labor Product Product Product
0 0 0 0
1 320
2 384
3 1104
4 352
5 192
6 1680
a. If one unit of labor is hired, what is total product?
b. If two units of labor are hired, what is average product?
c. If three units of labor are hired, what is marginal product?
d. If four units of labor are hired, what is total product.
e. If five units of labor are hired, what is average product?
Retselisitsoe PokothoaneLv10
28 Sep 2019