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Question
Table 11-3| Quantity of Workers | Quantity of Boxes | Marginal Product of Labor | Average Product of Labor |
| 0 | 0 | ----- | ----- |
| 1 | 50 | ||
| 2 | 200 | ||
| 3 | 240 | ||
| 4 | 264 | ||
| 5 | 284 |
Refer to Table 11-3. The table above refers to the relationship between the quantity of workers employed and the number of cardboard boxes produced per day by Manny's House of Boxes. The capital used to produce the boxes is fixed. The average product of labor will equal 60 boxes when Manny hires
A) the second worker.
B) the third worker.
C) the fourth worker.
D) the fifth worker.
Answer
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Related questions
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Which of the following would be categorized as an opportunity cost?
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b. the cost of purchasing supplies for your house-cleaning business
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A) a only
B) a and c only
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D) all of the above