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answerhappygod
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microeconomics

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microeconomics
Microeconomics 1
Microeconomics 1 (38.05 KiB) Viewed 54 times
Question 37 (0.5 points) Listen Luke decided to take over his parents' café. They had 5 workers and Luke hired a 6th worker. In doing so, however, he observes that the café's output actually fell. Which of the following statements is true? OA) The average product of the sixth worker is negative. OB) The total product becomes negative. OC) The sixth worker does not have the skills needed for the job. D) The marginal product of the sixth worker must be negative. O E) The sixth worker is not as skilled as the fifth worker.
Question 39 (0.5 points) Listen If we know the amount of total cost, average total cost, average variable cost, and marginal cost for each level of output, how can we find the level of output where the marginal product maximized? O A) It is the output for which the marginal cost is maximized. B) There is no way to find where marginal product is the greatest knowing only cost data. OC) It is the output for which the marginal cost equals minimum average variable cost. D) It is the output for which the total cost is maximized. E) It is the output for which the marginal cost equals average total cost.
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