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Can you show me how to get this answer? Suppose that the firm decided to consider employing a 12th unit of labor, which it has

Can you show me how to get this answer? Suppose that the firm

decided to consider employing a 12th unit of labor, which it

has determined would result in a decrease in total product

from 380 units of output (employing 11 units of labor) to

units of output. If it were to do this, what would be the

resulting average product of labor and marginal product of

labor?

image text in transcribed
Student: Stephanie Martin Course: Principles of Microeconomics ECO-202-OL02 Instructor: Amy Gibson Book: Miller: Economics Today 19e Date: 5/27/20 Time: 8:17 AM 4. Consider the figures to the right. Suppose that the firm decided to consider employing a 12th unit of labor, which it has determined would result in a decrease in total product from 380 units of output (employing 11 units of labor) to 370370 units of output. If it were to do this, what would be the resulting average product of labor and marginal product of labor? If the firm were to employ a 12th unit of labor, the average product of labor would be nothing units of output per unit of labor and the marginal product of labor would be nothing units of output per unit of labor. (Enter your responses rounded to one decimal place and include a minus sign if necessary.) 0123456789101112050100150200250300350400Labor Input (worker-weeks)Total Product (units per week) Edit Coordinates (0,0) x y graph 123456789101112-20-1001020304050607080Labor Input (worker-weeks)Marginal Product (units per week) Edit Coordinates (0,0) x y graph Print

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