Assume the total product of two workers is 80 and the total product of three workers is 90. The average product of three workers is ________, and the marginal product of the third worker is ________.
A. 160; 270
B. 30; 10
C. 10; 13.33
D. 10; 45
Answer: B
Economics
You might also like to view...
The required reserve ratio is the ratio of reserves to ________ required by banking regulations
A) deposits B) loans C) profits D) currency
Economics
Which of the following is not a reason for the wage differential between females and males?
a. The choice of major in college by females tends to be different than the choice by males. b. The existence of employer prejudice leads to wage differential between males and females. c. The number of males is usually greater than the number of females in the labor force. d. Females bear the primary responsibility of childbearing. e. Women accept lower wages for flexible and shorter working hours.
Economics