Ch11_12_part2_Practice_Problems

B 800 units c 700 units d 500 units 18 refer

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Unformatted text preview: rker? a. 250 units b. 200 units c. 150 units d. 50 units 12. Refer to Table 1. What is the marginal product of the second worker? a. 250 units b. 200 units c. 150 units d. 50 units 13. Refer to Table 1. What is the marginal product of the third worker? a. 250 units b. 200 units c. 150 units d. 50 units 14. Refer to Table 1. What is the marginal product of the fourth worker? a. 250 units b. 200 units c. 150 units d. 50 units 15. Refer to Table 1. At which number of workers does diminishing marginal product begin? a. 1 b. 2 c. 3 d. 4 Table 2 Number of Workers 0 1 2 3 4 5 6 Output 0 1,000 2,000 2,700 3,200 3,500 3,600 16. Refer to Table 2. The marginal product of the third worker is a. 1,000...
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This document was uploaded on 04/06/2014 for the course ECON 1 at UCLA.

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