Dans Chair Factory currently employs 50 workers who produce

Dan\'s Chair Factory currently employs 50 workers, who produce 800 chairs. If Dan hires a 51st worker, output will rise to 925 What is the average product of the 51st worker? OA. 18.14 OB. 2.45 ° C. 925 ? D. 125

Solution

Q1. Answer is A. 18.14 Explanation: Total Production 925 Divide: Number of workers 51 Average product per worker 18.14 Q2. Explanation: Marginal cost of 101st unit : 15150- 15000 = $ 150 Average cost of 100 units: 15000 /100 =$ 150 Average cost of 101 units: 15150 /101 =$ 150
 Dan\'s Chair Factory currently employs 50 workers, who produce 800 chairs. If Dan hires a 51st worker, output will rise to 925 What is the average product of t

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