
Understanding Production Functions and Labor
Interactive Video
•
Mathematics, Business, Science
•
9th - 12th Grade
•
Hard

Amelia Wright
FREE Resource
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10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary focus of the video regarding the production function?
Focusing on one input to understand its impact on output
Varying all inputs to see their effects on output
Eliminating all inputs to see the base output
Increasing all inputs equally to maximize output
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the ice cream factory example, what is the total product when there are two workers?
0 gallons
24 gallons
18 gallons
10 gallons
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total product when there are no workers in the factory?
10 gallons
18 gallons
0 gallons
24 gallons
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the marginal product of labor represent?
The average output per worker
The decrease in output with more workers
The additional output produced by each additional worker
The total output produced by all workers
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the marginal product of the second worker?
6 gallons
8 gallons
10 gallons
4 gallons
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why does the marginal product of labor tend to decrease as more workers are added?
Workers become more efficient
There is less work to be done
Workers have to wait for resources
The factory expands in size
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What concept explains why additional workers contribute less to total output?
Constant marginal returns
Increasing marginal returns
Negative marginal returns
Diminishing marginal returns
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