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26-10-2022
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at 47 units of labor, a firm finds that average product of labor equals 39.6 and marginal product of labor equals 32.9. we can conclude that the average product curve at 47 units of labor is: upward-sloping. horizontal. vertical. downward-sloping.

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tutorconsortium343 tutorconsortium343

29-10-2022

We can conclude that the average product curve at 47 units of labor is downward sloping.

Option D is correct.

What is marginal product with example?

Marginal product is referred to as the change in output observed with per unit change of an input while putting all other factors of input constant. Example: Labour, materials etc.

What is product curve?

Product curves shows the relationship between output and the quantity of a factor; they have the factor quantity on the horizontal axis. Cost curves shows how costs vary with output and have output on the horizontal axis.

Learn more about product curve:

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