Homework Answers
Add Answer to:
Question 1 10 pts Suppose there is a bumper crop of asparagus due to farmers enjoying...
The owner of a sandwich shop considers hiring additional workers for the lunch shift. but is...
The owner of a sandwich shop considers hiring additional workers for the lunch shift. but is concerned about cutting into profit. Using the table below, compute the marginal profit of hiring additional workers. Quantity of abor workers) Price of Value of e Marginal Number of rinal sandwiches marginal sandwiches product profnt product $5 120 130 125 $20 $20 $20 $20 $5 If the shop currently has only two employees, the owner should not hire anyone else. lay off one employee....
O hire two more employees. DQuestion 13 1 pts Which of the following is an example...
O hire two more employees. DQuestion 13 1 pts Which of the following is an example of derived demand? As the demand for hot dogs increases, the demand for hot dog buns increases. The demand for hot dogs during the summer is affected by the supply of hot dogs. O As demand for pork hot dogs increases during the summer, the demand for factors of pork hot dog production such as hot dog workers and pork meat will increase. O...
Question 55 1 pts If the value of the marginal product of labor exceeds the wage,...
Question 55 1 pts If the value of the marginal product of labor exceeds the wage, then the firm could increase profit by hiring additional labor. increase profit by reducing the amount of labor hired. increase revenue by lowering output. O reduce total cost by hiring additional workers. Question 56 1 pts Diminishing marginal product suggests that
Question 5 1 pts One would expect to observe diminishing marginal product of labor when O union workers are told to red...
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...
E utes, 30 seconds Question Completion Status: QUESTION 30 Question relates to questions 30-34 Cone Mills...
E utes, 30 seconds Question Completion Status: QUESTION 30 Question relates to questions 30-34 Cone Mills manufactures denim and corduroy cloth. 1 yard of Corduroys requires 75 pound of cotton and 3.2 manhours. 1 yard of denim requires 5 pounds of cotton and 3 man hours. Corduroy demand is limited to 510 yards. There is no limit on denim demand. Cone Mills profit for denim 2.25 per yard and for corduroy 3.10. Below is part of the POM output for...
Question 5 1 pts Case 1. Suppose a coffee shop's only variable input is labor. When...
Question 5 1 pts Case 1. Suppose a coffee shop's only variable input is labor. When 20 workers are hired, the average product of labor is 250 (cups/worker), and the marginal product of the 20th worker is 200 (cups/worker). The price of labor is $200 per worker. The cost of all fixed inputs is $1000. Refer to Case 1. When 20 workers are hired, the marginal cost of coffee is $_per cup. O2 O 0.5 O 0.8 01 Question 6...
Question 5 1 pts Case 1. Suppose a coffee shop's only varlable input is labor. When...
Question 5 1 pts Case 1. Suppose a coffee shop's only varlable input is labor. When 20 workers are hired, the average product of labor is 250 (cups/worker), and the marginal product of the 20h worker is 200 (cups/worker). The price of labor is $200 per worker. The cost of all foced inputs is $1000, Refer to Case 1. When 20 workers are hired, the marginal cost of coffee is $ per cup e 05 o 08 Question 6 1...
Question 9 1 pts In a monopolistically competitive market, a firm should advertise to the point...
Question 9 1 pts In a monopolistically competitive market, a firm should advertise to the point at which o the extra revenue from an additional dollar spent on advertising just equals the marginal cost of producing one more unit of the good. o it can raise price to the highest level possible. it is selling the most units it can possibly sell. O the additional revenue generated by one more dollar of advertising just equals the extra dollar cost of...
Question 12 1 pts Which of the following goods/services are nonexcludable and non-rival? O Wigs Staplers...
Question 12 1 pts Which of the following goods/services are nonexcludable and non-rival? O Wigs Staplers Hot dogs O National defense Question 13 1 pts If a worker has a marginal productivity of $20 per hour then what is the most that a profit maximizing firm will pay according to the first rule of labor markets? $15 per hour O $20 per hour O $25 per hour $30 per hour Question 14 1 pts Which of the following laws created...
I NEED A CORRECT ANSWER PLS. PLS VERIFY THE ANSWER BEFORE POSTING. Question 1 0.7 pts The Ashton Group is developing a...
I NEED A CORRECT ANSWER PLS. PLS VERIFY THE ANSWER BEFORE
POSTING.
Question 1 0.7 pts The Ashton Group is developing a new product line. Initial costs for the line are $87,985. Annual utilities will be $34,193. The company plans to concentrate on marketing for the first 4 years at a cost of $13,812 per year. Profits are anticipated to be zero for the first few years. It is estimated the product line will finally have a profit of $466,925...
The owner of a sandwich shop considers hiring additional workers for the lunch shift. but is concerned about cutting into profit. Using the table below, compute the marginal profit of hiring additional workers. Quantity of abor workers) Price of Value of e Marginal Number of rinal sandwiches marginal sandwiches product profnt product $5 120 130 125 $20 $20 $20 $20 $5 If the shop currently has only two employees, the owner should not hire anyone else. lay off one employee....
O hire two more employees. DQuestion 13 1 pts Which of the following is an example of derived demand? As the demand for hot dogs increases, the demand for hot dog buns increases. The demand for hot dogs during the summer is affected by the supply of hot dogs. O As demand for pork hot dogs increases during the summer, the demand for factors of pork hot dog production such as hot dog workers and pork meat will increase. O...
Question 55 1 pts If the value of the marginal product of labor exceeds the wage, then the firm could increase profit by hiring additional labor. increase profit by reducing the amount of labor hired. increase revenue by lowering output. O reduce total cost by hiring additional workers. Question 56 1 pts Diminishing marginal product suggests that
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...
E utes, 30 seconds Question Completion Status: QUESTION 30 Question relates to questions 30-34 Cone Mills manufactures denim and corduroy cloth. 1 yard of Corduroys requires 75 pound of cotton and 3.2 manhours. 1 yard of denim requires 5 pounds of cotton and 3 man hours. Corduroy demand is limited to 510 yards. There is no limit on denim demand. Cone Mills profit for denim 2.25 per yard and for corduroy 3.10. Below is part of the POM output for...
Question 5 1 pts Case 1. Suppose a coffee shop's only variable input is labor. When 20 workers are hired, the average product of labor is 250 (cups/worker), and the marginal product of the 20th worker is 200 (cups/worker). The price of labor is $200 per worker. The cost of all fixed inputs is $1000. Refer to Case 1. When 20 workers are hired, the marginal cost of coffee is $_per cup. O2 O 0.5 O 0.8 01 Question 6...
Question 5 1 pts Case 1. Suppose a coffee shop's only varlable input is labor. When 20 workers are hired, the average product of labor is 250 (cups/worker), and the marginal product of the 20h worker is 200 (cups/worker). The price of labor is $200 per worker. The cost of all foced inputs is $1000, Refer to Case 1. When 20 workers are hired, the marginal cost of coffee is $ per cup e 05 o 08 Question 6 1...
Question 9 1 pts In a monopolistically competitive market, a firm should advertise to the point at which o the extra revenue from an additional dollar spent on advertising just equals the marginal cost of producing one more unit of the good. o it can raise price to the highest level possible. it is selling the most units it can possibly sell. O the additional revenue generated by one more dollar of advertising just equals the extra dollar cost of...
Question 12 1 pts Which of the following goods/services are nonexcludable and non-rival? O Wigs Staplers Hot dogs O National defense Question 13 1 pts If a worker has a marginal productivity of $20 per hour then what is the most that a profit maximizing firm will pay according to the first rule of labor markets? $15 per hour O $20 per hour O $25 per hour $30 per hour Question 14 1 pts Which of the following laws created...
I NEED A CORRECT ANSWER PLS. PLS VERIFY THE ANSWER BEFORE
POSTING.
Question 1 0.7 pts The Ashton Group is developing a new product line. Initial costs for the line are $87,985. Annual utilities will be $34,193. The company plans to concentrate on marketing for the first 4 years at a cost of $13,812 per year. Profits are anticipated to be zero for the first few years. It is estimated the product line will finally have a profit of $466,925...
Most questions answered within 3 hours.
-
Twitter Users and News: A poll conducted in 2013 found that 52%
of U.S. adult Twitter...
asked 5 minutes ago -
How
would I know whether a given amino acid has an ionizable group or
not? please...
asked 12 minutes ago -
True or false?
True False The function of the enzyme acyl CoA
synthetase is the ATP-dependent coupling...
asked 13 minutes ago -
Nadia Corporation adjusts its debt so that its interest coverage
(EBIT/Interest) remains constant at 3. Nadia’s...
asked 15 minutes ago -
In a clinical trial, 20 out of 600 patients taking a
prescription drug complained of flulike...
asked 21 minutes ago -
7. How many types of nuclear processes can produce energy? 8.
How many types of radioactive...
asked 24 minutes ago -
For both the Sn2 and Sn1 reaction
conditions:
Structure | Rxn (Y/N) at room T° Rxn...
asked 25 minutes ago -
11. In cell N2, enter a formula using the IF function and a
structured reference to...
asked 25 minutes ago -
There is X-linked mutations in flies in this example. You need
to determine the inheritence pattern...
asked 27 minutes ago -
1) There is a 5.0 μC charge at each of 3 corners of a square
(each...
asked 38 minutes ago -
A study of 420,095 cell phone users found that
134 of them developed cancer of the...
asked 41 minutes ago -
2.50 g of NH4Cl is added to 12.9 g of water. Calculate the
molality of the...
asked 44 minutes ago