Answer the question on the basis of the following output data for a firm. Assume that the amounts of all nonlabor resources are fixed. Number of Workers Units of Output 1 25 60 103 eBook 4. 160 5 210 240 What is the firm's average product when six workers are hired? Multiple Choice 15 units of output. 30 units of output. 40 units of output. 20 units of output.
Answer the question on the basis of the following output data for a firm. Assume that the amounts of all nonlabor resources are fixed. Number of Workers Units of Output 1 25 60 103 eBook 4. 160 5 210 240 What is the firm's average product when six workers are hired? Multiple Choice 15 units of output. 30 units of output. 40 units of output. 20 units of output.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![**Question 6: Productivity Analysis**
**Instructions:**
Examine the table below, which represents the output data for a firm. Assume that the quantities of all non-labor resources are constant.
**Table: Output Data**
| Number of Workers | Units of Output |
|-------------------|-----------------|
| 0 | 0 |
| 1 | 25 |
| 2 | 60 |
| 3 | 103 |
| 4 | 160 |
| 5 | 210 |
| 6 | 240 |
**Question:**
What is the firm's average product when six workers are hired?
**Multiple Choice Options:**
- A) 15 units of output
- B) 30 units of output
- C) 40 units of output
- D) 20 units of output
**Analysis:**
To calculate the average product when six workers are hired, divide the total output by the number of workers.
\[ \text{Average Product} = \frac{\text{Total Output}}{\text{Number of Workers}} = \frac{240}{6} = 40 \]
**Correct Answer:**
C) 40 units of output](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F55fa1b8f-af85-487a-ba3f-73161e455858%2Fc68caee3-51d3-4ade-9438-95679fe0095c%2F28ndtuo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:**Question 6: Productivity Analysis**
**Instructions:**
Examine the table below, which represents the output data for a firm. Assume that the quantities of all non-labor resources are constant.
**Table: Output Data**
| Number of Workers | Units of Output |
|-------------------|-----------------|
| 0 | 0 |
| 1 | 25 |
| 2 | 60 |
| 3 | 103 |
| 4 | 160 |
| 5 | 210 |
| 6 | 240 |
**Question:**
What is the firm's average product when six workers are hired?
**Multiple Choice Options:**
- A) 15 units of output
- B) 30 units of output
- C) 40 units of output
- D) 20 units of output
**Analysis:**
To calculate the average product when six workers are hired, divide the total output by the number of workers.
\[ \text{Average Product} = \frac{\text{Total Output}}{\text{Number of Workers}} = \frac{240}{6} = 40 \]
**Correct Answer:**
C) 40 units of output
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