4/27/24, 12:47 PM Assignment Print View 4/27/24, 12:47 PM Assignment Print View

Number of Workers Units of Output

0 0
1 40
2 90
3 126
4 150

1. Award: 1.00 point

5
6
165
180

Average product is at a maximum when

 three worker(s) is/are hired.

Answer the question on the basis of the following output data for a firm. Assume that the
amounts of all nonlabor resources are fixed.  four worker(s) is/are hired.

Number of Workers Units of Output  two worker(s) is/are hired.

0 0
1 40  six worker(s) is/are hired.
2 90
3 126
4 150 References
5 165
6 180 Multiple Difficulty: 02 Learning Objective: 09-02 Relate the
Choice Medium law of diminishing returns to a firms
The marginal product of the sixth worker is short-run production costs.

 180 units of output.

 30 units of output.
3. Award: 1.00 point

 15 units of output.

 0 units of output.
Answer the question on the basis of the following output data for a firm. Assume that the
amounts of all nonlabor resources are fixed.
References
Number of Workers Units of Output
Multiple Difficulty: 02 Learning Objective: 09-02 Relate the 0 0
Choice Medium law of diminishing returns to a firms 1 40
short-run production costs. 2 90
3 126
4 150

2. Award: 1.00 point

5
6
165
180

What is the firm's average product when three workers are hired?

 18 units of output.
Answer the question on the basis of the following output data for a firm. Assume that the
amounts of all nonlabor resources are fixed.  36 units of output.

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 42 units of output.

 21 units of output.

Answer the question on the basis of the following output data for a firm. Assume that the
References amounts of all nonlabor resources are fixed.

Multiple Difficulty: 02 Learning Objective: 09-02 Relate the Number of Workers Units of Output
Choice Medium law of diminishing returns to a firms 0 0
short-run production costs. 1 35
2 80
3 135

4. Award: 1.00 point

4
5
170
195
6 215

The marginal product of the sixth worker is

Answer the question on the basis of the following output data for a firm. Assume that the  215 units of output.
amounts of all nonlabor resources are fixed.
 approximately 36 units of output.
Number of Workers Units of Output
0 0  25 units of output.
1 40
2 90  20 units of output.
3 126
4 150
5 165 References
6 180
Multiple Difficulty: 02 Learning Objective: 09-02 Relate the
Diminishing marginal returns become evident with the addition of the Choice Medium law of diminishing returns to a firms
short-run production costs.

 second worker.

 fifth worker.
6. Award: 1.00 point

 fourth worker.

 third worker.

References

Multiple Difficulty: 02 Learning Objective: 09-02 Relate the

Choice Medium law of diminishing returns to a firms
short-run production costs.

5. Award: 1.00 point

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References

Multiple Difficulty: 02 Learning Objective: 09-02 Relate the

Choice Medium law of diminishing returns to a firms
short-run production costs.

8. Award: 1.00 point

Answer the question on the basis of the following information.

Number of Workers Total Product Marginal Product

0 0 ---
In the diagram, curves 1, 2, and 3 represent the
1 8 8
2 10
 average, marginal, and total product curves respectively. 3 25
4 30
 marginal, average, and total product curves respectively.
5 3
6 34
 total, average, and marginal product curves respectively.

When two workers are employed,

 total, marginal, and average product curves respectively.

 total product is 20.

References
 total product is 18.
Multiple Difficulty: 02 Learning Objective: 09-02 Relate the
Choice Medium law of diminishing returns to a firms  average product is 10.
short-run production costs.
 total product cannot be determined from the information given.

7. Award: 1.00 point

References

Multiple Difficulty: 02 Learning Objective: 09-02 Relate the

Choice Medium law of diminishing returns to a firms
short-run production costs.

Marginal product

 diminishes at all levels of production.

9. Award: 1.00 point

 may initially increase, then diminish, but never become negative.

 may initially increase, then diminish, and ultimately become negative.

Answer the question on the basis of the following information.

 is always less than average product.

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4/27/24, 12:47 PM Assignment Print View 4/27/24, 12:47 PM Assignment Print View

Number of Workers Total Product Marginal Product  average product is 10.

0 0 ---
1 8 8  total product cannot be determined from the information given.
2 10
3 25
4 30
References
5 3
6 34
Multiple Difficulty: 02 Learning Objective: 09-02 Relate the
Choice Medium law of diminishing returns to a firms
The average product when there are two workers short-run production costs.

 is 10.

 is 9.

 is 28.

 cannot be determined from the information given.

References

Multiple Difficulty: 02 Learning Objective: 09-02 Relate the

Choice Medium law of diminishing returns to a firms
short-run production costs.

10. Award: 1.00 point

Answer the question on the basis of the following information.

Number of Workers Total Product Marginal Product

0 0 ---
1 10 10
2 12
3 36
4 52
5 8
6 64

When five workers are employed,

 total product is 60.

 total product is 58.

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