ECO 2301-21.01.01-2B24-S1, Principles of Microeconomics
Unit VIII Assessment
8 OF 8 QUESTIONS REMAINING
Link to test questions
Test Content
You may open this assessment multiple times, but you may only submit it once. You are encouraged to print the assessment and prepare your answers offline. Alternatively, you may enter and save your answers for a portion of the assessment and continue the assessment at a later time by clicking the “Save and Close” button. Once all questions have been answered, click the “Submit” button that is located at the bottom of the exam. Periods of inactivity will cause your assessment to time out, resulting in an unwanted submission. For a description of the various types of questions you may encounter in an assessment, click to view the Submission Instructions page. Outside sources are not required; however, when directly quoted or paraphrased works of others are used in any manner, the writer is obligated to properly cite the source of the original narrative. Click to view your Written Response Grading Rubric.
By submitting this assignment, I verify that I am submitting an original work in accordance with the Academic Integrity Policy in the CSU Student Handbook.
- Question 112.5 Points
We R’ Write is really worried about their production line for pens. The company is concerned that they are employing more workers on the production line than necessary. We R’ Write has provided you with the production information for pens in the table below that corresponds to different numbers of workers on the production line.
- Describe where the law of diminishing marginal productivity begins for We R’ Write.
- We R’ Write currently uses 75 workers on the production line per day. Given the calculations in the table, is this number optimal? Why, or why not?
- If you could make a suggestion regarding the optimal number of workers We R’ Write should use on the production line, what would it be? Why?
