When labor usage is at 12units, the output is 36 units. From this, we may infer that. A) the marginal product of labor is 3 b) the total product of labor is 1/3 c)the average product of labor is 3 d) none of the above

When labor usage is at 12units, the output is 36 units. From this, we may infer that. A) the marginal product of labor is 3 b) the total product of labor is 1/3 c)the average product of labor is 3 d) none of the above

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Problem 1QTC

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Marginal Product Average Product of Labor Units of Total Labor Product of Labor 4 16 5 6. 120 30
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Subpart 1-3
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