O d. S5.004. The average product of labor (APL) whenthe firm hires 5 workers equals:*O a. 3.6O b.2C. 0.4O d 18 Total Fixed Total VariableLaborOutput(workers) (units per day) (dollars)CostCost(dollars)202020202020255075100125219134.161S

Average product of labor (APL ) is total product divided by the quantity of labor employed.

Answered: 4. The average product of labor (APL)…

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4. The average product of labor (APL) when the firm hires 5 workers equals: O a. 3.6 O b. 2 O c. 0.4 с. 0.4 O d. 18

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

O d. S5.00
4. The average product of labor (APL) when
the firm hires 5 workers equals:*
O a. 3.6
O b.2
C. 0.4
O d 18

Total Fixed Total Variable
Labor
Output
(workers) (units per day) (dollars)
Cost
Cost
(dollars)
20
20
20
20
20
20
25
50
75
100
125
2
19
13
4.
16
1S

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