Consider a Basket- Producing Firm with Fixed Capital

question 99

Multiple Choice

Consider a basket- producing firm with fixed capital.If the firm can produce 24 baskets per day with 3 workers and then increases production to 36 baskets per day with 4 workers,then which of the following statements is definitely true?

• A)Average product for this firm is rising.
• B)The firm has passed the point of diminishing marginal productivity.
• C)The marginal product of the fourth worker is 9.
• D)With 4 workers,the average product is greater than the marginal product.
• E)Marginal product for this firm is rising.

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Understand the challenges and developments in LGBTQ+ parenting and familial relationships.

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