From 1982 until 2000, stock prices rose dramatically. As measured by the Standard and Poor's 500 composite, stocks went from under ________ to above ________ during this period.

The table above shows some data that describe Tom's T-Shirts' total product when Tom has 1 sewing machine

An increase in the number of workers from 1 to 2 a day increases average product of labor from ________ T shirts per worker and marginal product of labor is ________ T shirts per worker. A) 10 to 11; 22 B) 10 to 22; 12 C) 10 to 22; 22 D) 10 to 11; 12

The average product of a variable input

A. is the change in the total product that occurs when the variable input increases one unit. B. is defined as the total product divided by the quantity of the variable input. C. constantly rises over the relevant range of production. D. decreases at an increasing rate.