Say you are the owner of a Pizza place. You know that when you produce 20 pizzas, the average product of each of your workers is 10, and the marginal product of your last worker is 15. From this information, you know that:
a. the marginal product is increasing
b. the average product is increasing
c. the average product is decreasing
d. the marginal product is decreasing
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Say you are the owner of a Pizza place. You know that when you produce 20 pizzas, the average product of each of your workers is 10, and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Andre, the floor manager of a packing plant, is under pressure from his boss to increase productivity. He circulates a memo telling all of his workers that they need to increase the number of units packed each hour.
Answers (1)
The body of a routine message that requests information or action should a. present details that explain your request. b. give any deadline dates. c. request action from the reader. d. reveal for the first time why you are writing.
Answers (1)
On April 15 of the current year, a fire destroyed the entire uninsured inventory of a retail store. The following data are available:Sales, January 1 through April 15 $480,000Inventory, January 1 80,000Purchases, January 1 through April 15
Answers (1)
Assume you are given the following relationships for the Brauer Corp: Sales/Total assets 1.5X Return on Assets (ROA) 3% Return on equity (ROE) 3% Calculate Brauer's profit margin and debt-to-capital ratio assuming the firm uses only debt and common
Answers (1)
When the price of a good rises, total supply in the market will rise, but some entrepreneurs might actually choose to work less. Why might they make this choice?
Answers (1)
New Questions in Business
Which of the following comparisons best isolates the impact of a change in activity on performance?
Answers (1)
If an investor anticipates an annual rental income from a leased property to be $400,000 dollars, this expected sum has a direct bearing on what the investor will pay for the property. This is an example of
Answers (1)
In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. Which of the following would be the most reasonable inference about Okra Corp.? A. Its current liabilities are too low. B.
Answers (2)
The individual with the highest valuation of the good will win in which of the following auctions? A. Sealed Bid Auction B. English Auction C. Dutch Auction D. All of the above.
Answers (1)
Explain how banks can create money.
Answers (1)