Reference: Use the following table to answer questions 1 - 4. Labor Quantity 1 20 2 50 3 90 4 125 140 6 150 (1)The marginal productivity of the third worker is (a) 30 (b) 40 (c) 50 (d) 90 (2)The average productivity of the fifth worker is (a) 20 (b) 28 (c) 30 (d) 140 (3)Marginal productivity is maximized with the worker. (a) second (b) third (c) fourth (d) sixth (4)Average productivity is maximized with the worker. (a) second (b) third (c) fourth (d) sixth
Reference: Use the following table to answer questions 1 - 4. Labor Quantity 1 20 2 50 3 90 4 125 140 6 150 (1)The marginal productivity of the third worker is (a) 30 (b) 40 (c) 50 (d) 90 (2)The average productivity of the fifth worker is (a) 20 (b) 28 (c) 30 (d) 140 (3)Marginal productivity is maximized with the worker. (a) second (b) third (c) fourth (d) sixth (4)Average productivity is maximized with the worker. (a) second (b) third (c) fourth (d) sixth
Economics (MindTap Course List)
13th Edition
ISBN:9781337617383
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter26: Factor Markets: With Emphasis On The Labor Market
Section26.1: Factor Markets
Problem 2ST
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![Reference: Use the following table to answer questions 1 - 4.
Labor Quantity
1
20
50
3
90
4
125
5
140
6
150
(1)The marginal productivity of the third worker is
(a) 30 (b) 40 (c) 50 (d) 90
(2)The average productivity of the fifth worker is
(a) 20 (b) 28 (c) 30 (d) 140
(3)Marginal productivity is maximized with the
worker.
(a) second (b) third (c) fourth (d) sixth
(4)Average productivity is maximized with the
worker.
(a) second (b) third (c) fourth (d) sixth](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12531bcf-ccf6-433f-b513-a02866ffd7a0%2F233730e2-1d79-4b78-92c4-f25f2ec16b3e%2Fepnq387_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Reference: Use the following table to answer questions 1 - 4.
Labor Quantity
1
20
50
3
90
4
125
5
140
6
150
(1)The marginal productivity of the third worker is
(a) 30 (b) 40 (c) 50 (d) 90
(2)The average productivity of the fifth worker is
(a) 20 (b) 28 (c) 30 (d) 140
(3)Marginal productivity is maximized with the
worker.
(a) second (b) third (c) fourth (d) sixth
(4)Average productivity is maximized with the
worker.
(a) second (b) third (c) fourth (d) sixth
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