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29 Oct 2020
If total product is 100 units with 20 units of labor, then what is the average product?
If total product is 100 units with 20 units of labor, then what is the average product?
Paramjeet ChawlaLv8
29 Oct 2020
Related textbook solutions
Related questions
Government Motors can produce cars according to the following schedule.
|
Labor |
Total Product |
Average Product |
Marginal Product |
|
0 |
0 |
- |
- |
|
1 |
? |
3 |
? |
|
2 |
? |
? |
4 |
What is the average product of labor when 2 units of labor are used in production?
(a) 4
(b) 3.5
(c) 7
(d) 1.5
