Question

Answer the questions 3,4,5, based on the following information. 3) the marginal product of the fourth worker is:
a.150 units of output
b.24 units of output
c.negative
d.36 units of output 4) average product is at a maximum when the number of workers that are hired is:
a.1
b.2
c.3
d.4 5) output (total product) is maximized when
a.average productivity is at its maximum.
b.the "law of diminishing returns" sets in.
c.marginal productivity is zero.
d.marginal productivity is at its maximum.

Answer 1

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