Question :
31) Average product equal to
A) marginal product + total product.
B) : 1238725
31) Average product is equal to
A) marginal product + total product.
B) total product ÷ marginal product.
C) total product ÷ quantity of labor.
D) total product × quantity of labor.
E) marginal product × quantity of labor.
32) Jill runs a factory that makes lie detectors in Little Rock, Arkansas. This month, Jill’s 34 workers produced 680 machines. Jill’s average product of labor equaled ________ lie detectors per worker.
A) 680
B) 34
C) 23
D) 20
E) None of the above answers is correct.
33) If 10 workers can produce 1,500 units of output and 11 workers can produce 1,600 units of output, then the average product of 11 workers is
A) 1,600 units.
B) 1,500 units.
C) 145.5 units.
D) 100 units.
E) 136.4 units.
34) Denise owns a plant that produces watch parts in Ohio. Denise noticed that when she hired the last worker, that worker’s marginal product exceeded the marginal product of the previous worker. As a result, when the last worker was hired, Denise’s average product of labor
A) decreased.
B) increased.
C) did not change.
D) perhaps changed, but there is not enough information to determine whether or not it did change.
E) equals the marginal product of labor.
35) Kenya owns a lawn mowing company. His total product schedule is in the above table. The marginal product of the fourth worker is ________ lawns mowed per week.
A) 80
B) 25
C) 20
D) 5
E) 320
36) Kenya owns a lawn mowing company. His total product schedule is in the above table. When 4 workers are employed, the average product is ________ lawns mowed per week.
A) 80
B) 25
C) 20
D) 5
E) 320
37) Kenya owns a lawn mowing company. His total product schedule is in the above table. Decreasing marginal returns first occur with the
A) first worker.
B) second worker.
C) third worker.
D) fourth worker.
E) fifth worker.
38) The above table shows the total product schedule for Hair Today, a hair styling salon. Based on the table, the marginal product for Hair Today
A) never reaches a maximum.
B) decreases after the 1st worker.
C) reaches a maximum with the 4th worker.
D) reaches a maximum with the 3rd worker.
E) reaches a maximum with the 5th worker.
39) The above table shows the total product schedule for Hair Today, a hair styling salon. The average product when four workers are hired is
A) 10 hair stylings.
B) 15 hair stylings.
C) 20 hair stylings.
D) 240 hair stylings.
E) the same as when five workers are hired.
40) Which of the following is correct about marginal and average products?
A) When the marginal product is increasing, the average product must be increasing.
B) When the marginal product exceeds the average product, the average product must be increasing.
C) When the average product is increasing, the marginal product must be decreasing.
D) When the marginal product is decreasing, the average product must be decreasing.
E) When the marginal product is increasing, the average product must be decreasing.
