Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
tuggy tuggy
wrote...
Go to Answer
Posts: 864
Rep: 0 2
6 years ago
Consider the following two scenarios:
i)   The marginal product of a worker in a firm is 10 units. When an additional worker is employed, his marginal product is less than 10 units.
ii)   The average total cost of a firm producing 10 units of output is $200. When it produces an additional unit, the average total cost increases to $300.
What is the difference between these scenarios? What could be the reason behind both phenomena occurring? Does specialization explain any of the above situations?
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
Read 77 times
1 Reply
Replies
Answer verified by a subject expert
losteinlostein
wrote...
#1
Top Poster
Posts: 583
Rep: 31 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 240 words.
1
Only I can change my life. No one can do it for me.

Related Topics

tuggy Author
wrote...

6 years ago
Just got PERFECT on my quiz
Gorgio_De
wrote...

Yesterday
This site is awesome
jayfo05
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1244 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 601
  
 473
  
 164
Your Opinion
Which country would you like to visit for its food?
Votes: 204
Previous poll results: Do you trust social media networks with protecting your privacy?