To answer, refer to the following:"At Huffy's ... bicycle factory, 1,700 employees turn out 15,000 bicycles a day (in 1987). Five years before, it required 2,200 workers to make 10,000 bikes daily." (The Wall Street Journal). In 1987,

A. total product was 15,000 bicycles per day.
B. the average product of labor was 0.11.
C. the marginal product of labor was 8.8.
D. both a and b
E. both a and c


Answer: D

Economics

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