ECON 2000 Chapter : SI Oct 12
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Tuesday 3:00-4:00: _____________________ is the maximum output of a good from the resources used in production, output per unit of input for example, output per labor-hour is known as. _______________________: ______________________________ is the change in total output associated with one additional unit of input, hourly wage rate divided by output per labor-hour gives you. ____________________________________________________________________________________: draw the fixed cost curve and explain: 11 draw the average fixed cost curve, write the equation and explain: 12 draw the average variable cost curve, write the equation and explain: 13 draw the average total cost curve, write the equation, and explain: 14 draw the marginal cost curve, write the equation, and explain. 15 draw the marginal physical product curve, write the equation, and explain: 18 suppose the marginal physical product of a u. s. worker is 9 units per hour and the wage is.
