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When a firm uses five machines, it can produce 600 units daily.Asixth machine allows the firm to product 880 units. Which of the following is
When a firm uses five machines, it can produce 600 units daily.Asixth machine allows the firm to product 880 units.
Which of the following is true regarding production?
- The total production for 11 machineswould be 1,480 units with an average production of 164 units.
- The marginal product for the sixth machine is 280 units and the average product is 147 units.
- The marginal product for the fifth machine is 600 and the average product is 120 units.
- The marginal production for the sixth machineis 880 units and total production would be 1,480 units.
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