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When a firm uses four machines, it can produce 400 units daily. A fifth machine allows the firm to produce 560 units. Which of the
When a firm uses four machines, it can produce 400 units daily. A fifth machine allows the firm to produce 560 units.
Which of the following statements is true regarding production?
- a.)
- The average product for the fifth machine is 32 units.
- b.)
- The total product for the ninth machine is 960 units.
- c.)
- The marginal product for the fifth machine is 160 units
- d.)
- The average product for the fourth machine is 40 units.
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