Match the appropriate interpretation of the selected values computed from the table. The average product =6 when labor = 6 means that [ Select ] The marginal product =6 when labor = 6 means tha vISelect ]

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Please complete the statement
Match the appropriate interpretation of the selected values computed from the table.
The average product =6 when labor = 6 means that [ Select ]
The marginal product =6 when labor = 6 means tha v ( Select ]
Employing the 6th man-hour contributed an additional 6 units of produced pineapple.
none of the options provide a correct interpretation
On the average, the 6 man-hours contributes 6 units of produced pineapple.
Transcribed Image Text:Match the appropriate interpretation of the selected values computed from the table. The average product =6 when labor = 6 means that [ Select ] The marginal product =6 when labor = 6 means tha v ( Select ] Employing the 6th man-hour contributed an additional 6 units of produced pineapple. none of the options provide a correct interpretation On the average, the 6 man-hours contributes 6 units of produced pineapple.
Match the appropriate interpretation of the selected values computed from the table.
The average product =6 when labor = 6 means tha v [ Select ]
On the average, each man-hour contributes 6 units of produced pineapple when 6 man-hours are employed.
all options are correct interpretations
none of the options provide a correct interpretation
The marginal product =6 when labor = 6 means tha
Employing 6 man-hours contributed to an additional 6 units of produced pineapple.
Transcribed Image Text:Match the appropriate interpretation of the selected values computed from the table. The average product =6 when labor = 6 means tha v [ Select ] On the average, each man-hour contributes 6 units of produced pineapple when 6 man-hours are employed. all options are correct interpretations none of the options provide a correct interpretation The marginal product =6 when labor = 6 means tha Employing 6 man-hours contributed to an additional 6 units of produced pineapple.
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