Question: Layout Relerences LabCoDdE AaBbCcD AaBb DdE AaBbDd AaBb CCDdE4 A A Aa AEE A .A. EE 211 E EE! Number Total Marginal Output Product Workers

 Layout Relerences LabCoDdE AaBbCcD AaBb DdE AaBbDd AaBb CCDdE4 A A

Layout Relerences LabCoDdE AaBbCcD AaBb DdE AaBbDd AaBb CCDdE4 A A Aa AEE A .A. EE 211 E EE! Number Total Marginal Output Product Workers 0 200 450 600 650 12. Refer to Table 1. What is the marginal product of the second worker? a. 250 units b. 200 units c. 150 units d. 50 units 13. Refer to Table 1. At which number of workers does diminishing marginal product begin? a. 1 b. 2 c. 3 d. 4 14. Some costs do not vary with the quantity of output produced. Those costs are called a. marginal costs. b. average costs. c. fixed costs. d. explicit costs. 15. Suppose Jan started up a small lemonade stand business last month. Variable costs for Jan's lemonade stand now include the cost of a. building the lemonade stand. b. hiring an artist to design a logo for her sign. c. lemons and sugar. d. All of the above are correct. English (United States 30

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