If we know that capital is fixed and a business by Prof. Frank Levy

Question 16 / 43: If we know that capital is fixed and a business firm can produce 36 units of output per

day with 3 workers and 44 units of output per day with 4 workers, then we know all of the following except:

A the marginal product is below the average product.

B the firm has passed the point of diminishing marginal productivity.

C the average product of three workers is 12.

D the marginal product of the third worker must be greater than 8.

E we know all of the above.

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Microeconomics Practice MCQ

Author:

Prof.Frank LevyLecturer

Harvard Medical School

USA

Access: Public Instant Grading

Attribution: Levy, Frank. 11.203 Microeconomics, Fall 2010. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/urban-studies-and-planning/11-203-microeconomics-fall-2010 (Accessed 13 Mar, 2014). License: Creative Commons BY-NC-SA

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