QUESTION 5Refer to the data. Avearge product of 3rd labor is-units:Output(TPL)Labors0.409012631501656.170OA. 45 O B.37.5C. 36 O D. 421 2 M4

Average Product is the ratio of total product to the level of output.

Answered: QUESTION 5 Refer to the data. Avearge…

QUESTION 5 Refer to the data. Avearge product of 3rd labor is units : -------- Output (TPL) Labors 40 90 3. 126 4 150 165 6. 170 A. 45 B. 37.5 O C. 36 O D. 42 1.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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