Question 1.45 Choose the correct answer(s)The following diagram depicts a production function for grain. Read the following statements and select the correct one(s).多项选择题
A
a. The production function exhibits constant average product of labour between 800 and 1600 workers.
B
b. The production function exhibits constant average product of labour when the number of workers is more than 1600.
C
c. The production function exhibits constant average product of labour for the first 800 workers.
D
d. There is an upper limit to how much grain can be produced.
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What is total product (total output) of the first two workers (Sajani and Kai)?
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The following diagram depicts the production function of grain, where diminishing average product of labour is assumed. At A the average product of labour is 500,000/800 = 625 kg of grain per farmer. At B the average product of labour is 732,000/1,600 = 457.5 kg of grain per farmer. You know that the grain output for 2,800 farmers is 896,000kg. Read the following statements and select the correct one(s).
The following diagram depicts a production function for grain. Read the following statements and select the correct one(s).
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