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asdoooeoe asdoooeoe
wrote...
Posts: 482
Rep: 12 0
4 years ago
Number of workersUnits of output
00
125
255
395
4125
5150

Table 8.2


Refer to Table 8.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. Diminishing returns set in with the addition of the:

▸ third worker.

▸ fourth worker.

▸ fifth worker.

▸ sixth worker.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
Read 286 times
9 Replies
Replies
wrote...
#1
4 years ago
fourth worker.
asdoooeoe Author
wrote...
#2
4 years ago
Thanks for your help!
Answer accepted by topic starter
asdoooeoe Author
wrote...
#3
4 years ago
Number of workersUnits of output
00
125
255
395
4125
5150

Table 8.2


Refer to Table 8.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product is maximized when the firm hires:

▸ 2 workers.

▸ 3 workers.

▸ 4 workers.

▸ 5 workers.
Answer verified by a subject expert
JlynnJlynn
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#4
Posts: 391
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4 years ago
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Answer accepted by topic starter
wrote...
#5
4 years ago
Number of workersUnits of output
00
125
255
395
4125
5150

Table 8.2


Refer to Table 8.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product of the fifth worker is:

▸ 0 units.

▸ 10 units.

▸ 25 units.

▸ 30 units.
Answer verified by a subject expert
Brittany08196Brittany08196
wrote...
#6
Posts: 368
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4 years ago
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wrote...
#7
4 years ago
Thanks
Answer accepted by topic starter
wrote...
#8
4 years ago
Number of workersUnits of output
00
125
255
395
4125
5150

Table 8.2


Refer to Table 8.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. The marginal product of the fourth worker is:

▸ 0 units.

▸ 10 units.

▸ 25 units.

▸ 30 units.
Answer verified by a subject expert
purplepanda1516purplepanda1516
wrote...
#9
Posts: 415
Rep: 60 0
4 years ago
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More solutions for this book are available here
1

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