Answer to Question #86800 in Microeconomics for Samer Alfahad

Question #86800
If you hire 20 units of labor, what will be the average product of labor? State below and show on the graph.


b. If you hire 20 units of labor, what’s the total number of pencils your firm can produce? Compute below.


c. At what amount of labor does diminishing average returns begin? State below and show on the graph.
1
Expert's answer
2019-03-22T02:05:07-0400
Dear Samer Alfahad, your question requires a lot of work, which neither of our experts is ready to perform for free. We advise you to convert it to a fully qualified order and we will try to help you. Please click the link below to proceed: Submit order

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