Table 13-1
Number of Workers |
Total Output |
Marginal Product |
0 |
0 |
-- |
1 |
30 |
|
2 |
40 |
|
3 |
50 |
|
4 |
40 |
|
5 |
30 |
|
Refer to Table 13-1. What is total output when 5
workers are hired?
Group of answer choices
160
-10
190
120
Table 13-1 Number of Workers Total Output Marginal Product 0 0 -- 1 30 2 40...
Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2 workers are hired? a. 15 b. 45 c. 75 d. 120 et de 7. Refer to Figure 13-2. If the figure represented production at a cookie factory, the factory would be experiencing a. diminishing marginal product of workers b. diminishing marginal cost of cookie production c. decreasing cost of cookie production d. decreasing output of cookies. Wose Jan started...
Question 17 (1 point) Table 13-1 Number of Workers Total Output Marginal Product x Refer to Table 13-1. What is total output when 5 workers are hired? O b) 185 O O c) 10 O O O d) 225
Table 13-7 2 Number of Workers Total Output 0 Marginal Product 40 85 125 35 30 215 Refer to Table 13-7. What is the marginal product of the third worker? a. 45 O b. 125 О с. 40 O d. 85 Table 13-7 2 Number of Workers Total Output 0 Marginal Product 40 85 125 35 30 215 Refer to Table 13-7. What is the marginal product of the third worker? a. 45 O b. 125 О с. 40 O...
Table 13-2 Number of Total Marginal Workers Output Product 300 500 600 1650 Refer to Table 13-2. What is the marginal product of the second worker? O 300 units. 50 units. 100 units. 200 units.
Table 13-3 Number of Workers Output Fixed Cost Variable Cost Total Cost 0 0 $50 $0 $50 1 90 $50 $20 $70 2 170 $50 $40 $90 3 230 $50 $60 $110 4 240 $50 $80 $130 Refer to Table 13-3. If the firm can sell its output for $1 per unit, what is the profit-maximizing level of output? a. 170 units b. 190 units c. 240 units d. 230 units
Refer to the following table to answer the next five questions: Number of Workers Output 1 20 2 30 3 38 4 42 5 44 If the price of output is $5, the value of the marginal product of labor of the third worker is $30. $190. $8. $40. $38.
Number of Workers Output Marginal Product of Labor Value of Marginal Product of Labor 0 0 ----------------------------------- ------------------------------------------------- 1 79 2 88 $1000 3 46 4 198 5 210 6 222 Refer to the table above. What is the marginal product of the 4th worker?
Number of Total Marginal Workers Output Product 300 500 600 650 4 1) Refer to the above table. Fill in the final column (4 points). 2) Refer to the above table. At which number of workers does diminishing marginal product begin? (3 points) A. 2 B. 1 C. 3 D. 4
Table B Number of Workers 0 1 2 Output Fixed Cost O $50 90 $50 170 $50 230 $50 240 $50 Variable Cost $0 $20 $40 $60 $80 Total Cost $50 $70 $90 $110 $130 Refer to Table B. At which number of workers does diminishing marginal product begin? 1 O2 03 04
Table 13-9 4o Output 0 10 20 30 40 Total Cost 40 60 90 130 180 240 50 6. Refer to Table 13-9. What is variable cost when output equals 30 units? -- :a. $4.00 - --b. $4:33. ------- c. $40.00 - d. $90.00 . .