Answer to Question #85128 in Microeconomics for Ayanda Lubisi

Question #85128
You operate a car-retailing business with a fixed amount of machinery (capital), but you
have recently changed the number of workers that you employ per hour. As you increased
the number of employees hired per hour from three to five, your total output increased by
five cars to 15 cars per hour. What is the average product of labour at the new levels of
labour?

1. AP = 3 cars per worker
2. AP = 5 cars per worker
3. AP = 4 cars per worker
4. We do not have enough information to answer this question.
1
Expert's answer
2019-02-26T14:40:08-0500

1. AP = 3 cars per worker


Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be the first!

Leave a comment

LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS