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As the quantity of labour employed increases,
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Wize University Microeconomics Textbook > Production and Costs
Average Product and Marginal Product
3 Activities
As the quantity of labour employed increases,
a) eventually the marginal product of labour decreases
b) the value of marginal product of labour increases
c) the price of output increases
d) output decreases
I don't know
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More Average Product and Marginal Product Questions:
When 4 units of labour are hired, total output is
Suppose a firm increases the quantity of labour employed from 8 to 9 workers, and as a result, the firm's total output increases from 850 units to 1100 units. The marginal product of the ninth worker is
Use the chart above to answer the following questions
Practice: Marginal Product
a) When 5 units of labour are employed, the marginal product is
5
b) ___True___False marginal product is constant for all levels of labour.
True
c) When 8 units of labour are employed, the average product is
6.25
Which of the following about average product and marginal product is always true?
If a firm is at a point where MP=3 and AP=5 then
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Which of the following are always true? (more than one answer can be true!)
a) When 5 units of labour are employed, the marginal product is
5
b) ___True___False marginal product is constant for all levels of labour.
True
c) When 8 units of labour are employed, the average product is
6.25
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Practice: Marginal vs Average Product
Which of the following statements about the relationship between marginal product and the average product is correct?
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Average Product
Ten units of labour are hired and the resulting average product is 50 units.
Marginal product and average product curves will shift up if
If a firm is at a point where MP=3 and AP=5 then
Which of the following are always true? (more than one answer can be true!)
Which of the following about average product and marginal product is always true?
Practice: Marginal Product
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If the firm changes from 4 units of labour and 2 plants to 5 units of labour and 4 plants, the average product per unit of labour
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