|
Title: Damian owns a tattoo parlor and has hired three tattoo artists to work for him. The marginal product Post by: Tidy on Jun 21, 2015 Damian owns a tattoo parlor and has hired three tattoo artists to work for him. The marginal product of labor is 8 for the first artist, 12 for the second artist, and 7 for the third artist. What is Damian's average product of labor for these three tattoo artists?
Title: Re: Damian owns a tattoo parlor and has hired three tattoo artists to work for him. The marginal pro Post by: Smoooth on Jul 27, 2015 The average product of labor is the average of the marginal products of labor. Therefore, Damian's average product of labor for these three artists is (8 + 12 + 7) / 3 = 9.
Title: Re: Damian owns a tattoo parlor and has hired three tattoo artists to work for him. The marginal product Post by: Smoooth on Aug 31, 2015 You're welcome :-]
|