The above table shows the total product of producing baseball hats. The average product of 3 workers is equal to
A) 1.67 baseball hats.
B) 6.00 baseball hats.
C) 12.78 baseball hats.
D) 18.00 baseball hats.
B
Economics
You might also like to view...
It is difficult to determine expected real rates of interest because
A) we never know exactly what inflation rates people anticipate. B) we cannot measure the nominal interest rate. C) the inflation rate is a subjective measurement. D) we cannot measure the inflation rate.
Economics
Why might firms pay an efficiency wage rather than a market-clearing wage?
What will be an ideal response?
Economics