Angela's Average Product of Labor at Point T and its Graphical Representation
Point T on Angela's production function provides a specific example of calculating the average product of labor. At this point, an input of five hours of work per day results in an output of 37 bushels of grain. The average product is calculated as 37 divided by 5, which equals 7.4 bushels per hour. Graphically, this value is represented by the slope of the ray drawn from the origin to point T on the production function graph.
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Ch.5 The rules of the game: Who gets what and why - The Economy 2.0 Microeconomics @ CORE Econ
The Economy 2.0 Microeconomics @ CORE Econ
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Figure 5.4 - Angela's Production Function
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Angela's Average Product of Labor at Point T and its Graphical Representation
Labor Input in Angela's Production Function vs. the Section 1.6 Model
Angela's Average Product of Labor at Point T and its Graphical Representation
Learn After
A student spends 4 hours studying for an exam and, as a result, correctly answers 60 questions on the test. What is the student's average product of labor for this activity?
A software developer's output of lines of code based on hours worked in a day is shown below. At which duration of work is the developer's average product of labor the highest?
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- 4 hours: 700 lines
- 6 hours: 960 lines
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The following graph shows the relationship between the number of hours a freelance writer spends on a project and the total number of words written. The average product of their labor is the number of words written per hour. At which of the labeled points is the writer's average product of labor the highest? (Note: A graph would be displayed showing a production function curve starting at the origin, increasing at a decreasing rate, with points A, B, C, and D marked along the curve in that order. The ray from the origin to point B would have the steepest slope.)
A farmer works for 8 hours and produces 40 bushels of wheat. If the farmer then works for one additional hour and produces 4 more bushels of wheat, their overall average product of labor has increased.
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A team of 5 programmers writes 500 lines of code in a day. If a 6th programmer joins the team and the team's overall average product of labor increases, the 6th programmer must have written more than 100 lines of code.
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