Connect 1-Semester Access Card for Microeconomics
20th Edition
ISBN: 9780077660840
Author: Author
Publisher: McGraw-Hill Education
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Chapter 9.2, Problem 3QQ
To determine
Changes in marginal product.
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Marginal product is: a. the change in total product divided by the change in the quantity of labor. b. total product divided by the quantity of labor. c. always positive. d. unrelated to total product.
(6) If marginal product is greater than average product
(a) total product must be increasing. (b) marginal product must be decreasing.
(c) marginal product must be increasing. (d) average product may be increasing or decreasing.
Show and explain the relationship between total product, average product and marginal product.
Chapter 9 Solutions
Connect 1-Semester Access Card for Microeconomics
Ch. 9.2 - Prob. 1QQCh. 9.2 - Prob. 2QQCh. 9.2 - Prob. 3QQCh. 9.2 - Prob. 4QQCh. 9.5 - Prob. 1QQCh. 9.5 - Prob. 2QQCh. 9.5 - Prob. 3QQCh. 9.5 - Prob. 4QQCh. 9.8 - Prob. 1QQCh. 9.8 - Prob. 2QQ
Ch. 9.8 - Prob. 3QQCh. 9.8 - Prob. 4QQCh. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 1RQCh. 9 - Which of the following are short-run and which are...Ch. 9 - Prob. 3RQCh. 9 - Indicate how each of the following would shift the...Ch. 9 - Prob. 5RQCh. 9 - Prob. 6RQCh. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4P
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- (12) When marginal product reaches its maximum, what can be said of total product? (a) total product must be at its maximum (b) total product starts to decline even if marginal product is positive (c) total product is increasing if marginal product is still positive (d) total product levels offarrow_forwardExplain the Law diminishing return. Calculate the Marginal Product and Average product in the given table. No.of workers Total Product Marginal Product Average Product 0 0 - 1 80 2 170 3 270 4 368 5 430 6 480 7 504 8 504 9 495 10 470arrow_forwardQuestion 2.A From the table below illustrate the data in the table by graph Table 1. Find ; TP, MPL and APL Labor Total product Marginal product Average product 0 0 1 15 2 30 3 40 4 45 5 50 6 50arrow_forward
- Labor Marginal product 0 0 1 8 2 10 3 12 4 9 5 5 22) Diminishing returns to labor begins at labor unit of a) 2 b)3 c) 4 d) 5 23) The average product of the 3 units of labor is a) 9 b) 10 c) 9,75 d) 8,8 24) The total product of 4 unit of labor is a) 18 b) 30 c) 39 d) 44arrow_forwardProblem -2: The following table gives total output or total product as a function of labor units used. Labour Total Product 0 0 1 30 2 54 3 72 4 84 5 90 a. Define diminishing returns.b. Does the table indicate a situation of diminishing returns? Explain your answer.arrow_forward4 . When the average output reaches its highest level, the average output is .A. is greater than marginal product B. less than marginal productC. is equal to the marginal product D. equal to the total productarrow_forward
- (11) When the total product curve is falling, the: (a) marginal product of labor is zero. (b) marginal product of labor is negative. (c) average product of labor is increasing. (d) average product of labor must be negative.arrow_forward(a) What is the difference between average product of labor and marginal product of labor? (b) Explain the relationship between average and marginal product of an input by discussing their respective curves (no need to provide any graphs).arrow_forwardQuestion 1 Capital (K) Labor (L) Total Product (TP) Average Product (AP) Marginal Product (MP) 10 0 0 10 1 5 10 2 15 10 3 30 10 4 50 10 5 75 10 6 85 10 7 90 10 8 92 10 9 92 10 10 90 1.1 From the information in the table, calculate marginal and average product of each level of output. 1.2 At what point of output does diminishing marginal returns occur?arrow_forward
- 1. Explain production function and illustrate examples. 2. Explain marginal product of input in a production process. 3. Illustrate example of getting the slope of the production function curve.arrow_forward10 . If marginal product is less than average product, then average product is : A. decreasing b - fixed C- None of the above d - growingarrow_forwardQuestion 2: Answer the following questions Question 2.A From the table below illustrate the data in the table by graph Table 1. Find ; TP, MPL and APL Labor Total product Marginal product Average product 0 0 1 15 2 30 3 40 4 45 5 50 6 50 Question 2.B Give explanation the meaning of law diminishing return support your answer by giving examplearrow_forward
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