If 10 Workers Can Produce 1,500 Units of Output and 11

question 227

Multiple Choice

If 10 workers can produce 1,500 units of output and 11 workers can produce 1,600 units of output,then the average product of 11 workers is

• A) 1,600 units.
• B) 1,500 units.
• C) 145.5 units.
• D) 100 units.
• E) 136.4 units.

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Definitions:

Drones

Unmanned aerial vehicles used for a variety of purposes including surveillance, delivery, agriculture, and photography.

Diminishing Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, will begin to decrease.

Average Total Cost

The total cost of production divided by the quantity of output produced.

Economies of Scale

Enterprises achieve cost benefits from their operation size, resulting in a reduction of cost per output unit as the scale expands.