Quiz Instructions Question 32 5 pts If output is 20 when two workers are employed and...
If total output is 40 units when 4 workers are employed and 48 units when 5 workers are employed, then: a average product is 10 units when 4 workers are employed. b. the marginal product of the 5th worker is 8 units. c. average product must be falling because the marginal product of the 5th worker is lower than the average product for 4 workers. all of the above are true.
Question 5 1 pts One would expect to observe diminishing marginal product of labor when O union workers are told to reduce their work effort in preparation for a new round of collective bargaining talks. O workers are discouraged about the lack of help from other workers. O crowded office space reduces the productivity of new workers. O only new workers are trained in using the most productive capital. Question 6 1 pts Diminishing marginal product suggests that the marginal...
The first second, and third workers employed by a firm add 24, 18, and 9 units to total product, respectively. On the basis of this information, we can say that: the total product of the three workers is 9 the average product of the three workers is 3 the law of diminishing marginal returns is not evident in this example the marginal product of the third worker is 9 the law of diminishing marginal returns becomes evident with the addition...
Labor Output L Q. 0 0 1 3 2 8 3 15 4. 20 5 21 6 17 5 21 6 17 What is the marginal product of the third worker? Note: Recall that marginal product is MPL AQ AL 5 7 00 Question 7 1/1 pts What is the average product when three workers are employed? Note: Recall that average product is APL • 5 7 8 correct Question 8 0/1 pts Is it sensible for the firm to...
Quiz Instructions D Question 32 1 pts When you use a sentinel value for the condition of a loop that processes user inputs, what case should you not forget to test? Ti 8 i O The sentinel value is the last input value. O The sentinel value is the first input value O The sentinel value is never entered O The sentinel value is the third input value. Next. Previous Quiz saved at 4:05pm Submit Quiz
Question 1 1 pts Labor Total product Marginal (workers per day) (units per day) product 2 8 12 3 5 In the above table, the marginal product of the second worker is 3 5 Oo oo Question 2 1 pts Labor Total product |(workers per day) (units per day) 0 0 2 Marginal product 0 2 8 3 12 T In the above table, the total product that can be produced with four workers is O 16 Ο Ο Ο...
SECTION# NAME PRINT LAST NAME, FIRST NAME Suppose 9 workers can repair 36 television sets per day. If a tenth worker is hired and the each worker repairs, on average, 4 T.V. sets per day when nine workers are hired average product must be rising because the marginal product of the tenth worker 6. total number of repaired T.V. sets increases to 39, then: a. the marginal product of the tenth worker is 3.9 T.V, sets b. is greater than...
Please solve the above sum
(c) ()The average product of labour when three workers farm an acre of land is 150 bushels of wheat and the marginal product. when fourth worker is employed. is 75 bushels. What is the total output with four workers? (i) What is the minimum efficient scale of production in long-run average cost? (i) Determine whether the following production functions exhibit increasing, decreasing or constant returns to scale: Q = 300K + 25L 2+2+2
(c) ()The...
The first second, and third workers employed by a firm add 25, 18, and 10 units to total product, respectively. On the basis of this information, we can say that: the total product of the three workers is 9 the average product of the three workers is 3 the law of diminishing marginal returns is not evident in this example the marginal product of the third worker is 8 the law of diminishing marginal returns starts with the addition of...
Can you answer these questions?
11. Suppose that MUr/Pr exceeds MUyl/Py. To maximize utility the consumer who is spending all her money income should buy A. less of X only if its price rises. B. more of Y only if its price rises. C. more of Y and less of X. D. more of X and less of Y 12. In purchasing products A and B, a consumer is in equilibrium when: 13. The diamond-water paradox atises because: A. essential...