Question: Number of Workers Output Fixed Cost Variable Cost 0 0 $30 $0 1 100 $30 $15 2 180 $30 $30 3 240 $30 $45 4

Number of Workers

Output

Fixed Cost

Variable Cost

0

0

$30

$0

1

100

$30

$15

2

180

$30

$30

3

240

$30

$45

4

280

$30

$60

5

300

$30

$75

Refer to Table 2. What is the marginal product of the third worker?

A: 80 units

b: 60 units

c: 40 units

d: 20 units

Refer to Table 2. The average total cost of producing 240 units is

a: $0.13

b:$0.19

c:$0.32

d:$0.80

Refer to Table 2. The marginal products of hiring additional workers are

a: increasing at an increasing rate

b: increasing at a decreasing rate

c: decreasing

d: constant

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