Using the above table, the average product and marginal product when 4 workers are employed are 14 and 13, respectively. 13 and 13, respectively. 13 and 14, respectively. 13 and 9, respectively.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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### Table: Production Analysis

| Labor | Output | Average Product | Marginal Product |
|-------|--------|-----------------|------------------|
| 1     | 10     | -               | -                |
| 2     |        | 12              |                  |
| 3     |        |                 | 15               |
| 4     | 52     |                 |                  |
| 5     |        |                 | 9                |

### Question:

Using the above table, the average product and marginal product when 4 workers are employed are:
- O 14 and 13, respectively.
- O 13 and 13, respectively.
- O 13 and 14, respectively.
- O 13 and 9, respectively.
Transcribed Image Text:### Table: Production Analysis | Labor | Output | Average Product | Marginal Product | |-------|--------|-----------------|------------------| | 1 | 10 | - | - | | 2 | | 12 | | | 3 | | | 15 | | 4 | 52 | | | | 5 | | | 9 | ### Question: Using the above table, the average product and marginal product when 4 workers are employed are: - O 14 and 13, respectively. - O 13 and 13, respectively. - O 13 and 14, respectively. - O 13 and 9, respectively.
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