29. The above table shows the short-run total product schedule for the campus book store. When the fifth employee is hired, the marginal product is ________ and is ________ the average product.A. decreasing; less thanB. decreasing; greater thanC. increasing; greater thanD. increasing; less than Total productLabor(books sold(workers)per hour)110224340458573683787889901090The above table shows the short-run total product schedulefor the campus book store. When the fifth employee ishired, the marginal product isand istheaverage product.decreasing; less thandecreasing; greater thanincreasing; greater thanincreasing; less than

Marginal productivity of labour measures the change in total productivity with an additional unit of…

Answered: above table shows the short-run total…

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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29. The above table shows the short-run total product schedule for the campus book store. When the fifth employee is hired, the marginal product is ________ and is ________ the average product.

A. decreasing; less than

B. decreasing; greater than

C. increasing; greater than

D. increasing; less than

Total product
Labor
(books sold
(workers)
per hour)
1
10
2
24
3
40
4
58
5
73
6
83
7
87
8
89
90
10
90
The above table shows the short-run total product schedule
for the campus book store. When the fifth employee is
hired, the marginal product is
and is
the
average product.
decreasing; less than
decreasing; greater than
increasing; greater than
increasing; less than

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