Consider a Basket-Producing Firm with Fixed Capital

question 104

Multiple Choice

Consider a basket-producing firm with fixed capital.If the firm can produce 36 baskets per day with 3 workers and then increases production to 44 baskets per day with 4 workers,then which of the following statements is true?

• A)The marginal product of the fourth worker is 11.
• B)With 4 workers,the marginal product is above the average product.
• C)The firm has not yet reached the point of diminishing marginal productivity.
• D)The firm has passed the point of diminishing marginal productivity.
• E)With 4 workers,the firm's average product of labour is 8.

Understand the role of parents in child development and parenting styles.

Learn about gender development and differences in children.

Acquire knowledge on prosocial behavior and its significance.

Recognize the importance of cooperative play and its impact on children’s development.

---

Definitions:

Metals

Metals are elements that are good conductors of electric current and heat, have a shiny appearance, and are malleable and ductile.

Mg

Mg is the chemical symbol for magnesium, a lightweight, silvery-white metallic element that is essential for human biology.

K

The symbol for potassium, an essential mineral and electrolyte in the human body, or alternatively, the symbol for the kelvin, a unit of temperature.

Na

The chemical symbol for Sodium, an essential element that plays a key role in nerve function and blood pressure regulation.