Consider this production function. Study hours 1 4 5. 10 11 12 13 14 15 or more Grade 20 33 42 50 57 63 69 73 78 81 84 86 88 89 90 100, 90 80- 70 6어 50 40 30어 20- 10 3. 2. 23 43 1. 11 1. 2. Hours of study per day Select one or more: а. The average product of labour is falling as hours of study increase. b. The marginal product of labour is constant as hours of study increase. с. The marginal product of labour is rising as hours of study increase. d. The marginal product of labour is zero beyond 15 hours. Final grade 18- 22-

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
Section: Chapter Questions
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70,0001
Norway
60,000
United States
50,000-
Netherlands
Denmark •.
Germany
France
40,000-
:UK
South Korea
Jарan.
Italy"
• Spain
30,000-
Greece Russia
20,000-
Mexico
Chile
Turkey
10,000-
0.
6,400 6,500 6,600 6,700 6,800 6,900 7,000 7,100 7,200 7,300 7,400 7,500
Average annual hours of free time per worker
According to the graph:
Select one or more:
а.
UK workers have more free time than Greek workers.
b. UK workers have lower GDP per capita than Spanish workers.
O c. The relationship between GDP per capita and free time is downward sloping.
d. US workers work longer hours than French workers.
GDP per capita (USD PPPS)
Transcribed Image Text:70,0001 Norway 60,000 United States 50,000- Netherlands Denmark •. Germany France 40,000- :UK South Korea Jарan. Italy" • Spain 30,000- Greece Russia 20,000- Mexico Chile Turkey 10,000- 0. 6,400 6,500 6,600 6,700 6,800 6,900 7,000 7,100 7,200 7,300 7,400 7,500 Average annual hours of free time per worker According to the graph: Select one or more: а. UK workers have more free time than Greek workers. b. UK workers have lower GDP per capita than Spanish workers. O c. The relationship between GDP per capita and free time is downward sloping. d. US workers work longer hours than French workers. GDP per capita (USD PPPS)
Consider this production function.
Study hours
1 2
8 9 10 11 12
15 or more
4
5
6.
13
14
Grade
20
33
42
50
57
63
69 73 78 81 84 86 88 89
90
1001
90+
80-
70어
60-
50+
40
30어
20어
10-
3)
1.
1.
2)
1.
Hours of study per day
Select one or more:
The average product of labour is falling as hours of study increase.
а.
b.
The marginal product of labour is constant as hours of study increase.
The marginal product of labour is rising as hours of study increase.
C.
d. The marginal product of labour is zero beyond 15 hours.
Final grade
-2-
22-
Transcribed Image Text:Consider this production function. Study hours 1 2 8 9 10 11 12 15 or more 4 5 6. 13 14 Grade 20 33 42 50 57 63 69 73 78 81 84 86 88 89 90 1001 90+ 80- 70어 60- 50+ 40 30어 20어 10- 3) 1. 1. 2) 1. Hours of study per day Select one or more: The average product of labour is falling as hours of study increase. а. b. The marginal product of labour is constant as hours of study increase. The marginal product of labour is rising as hours of study increase. C. d. The marginal product of labour is zero beyond 15 hours. Final grade -2- 22-
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