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
: Use the following table to answer questions.
Labor Quantity
0 0
1 20
2 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
(5) Identify the truthfulness of the following statements.
- When the marginal product of labor is falling, the average product of labor is falling.
- When the marginal product curve lies above the average product curve, then average product is rising.
(a) Both I and II are true. (b) Both I and II are false.
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