Homework Answers
Answer:
Marginal product of 'n' th worker
=Output of 'n' th worker-Output of 'n-1' worker
Marginal product of second worker = Output of 2nd worker - Output of 1st worker
= 170 – 90 = 80
Thus option C]
80 units is correct option.
Add Answer to:
the answer is c 80 units can you explain how ? thanks
Table 13-3 Number of...
Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2...
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...
Table 13-3 Number of Workers Output Fixed Cost Variable Cost Total Cost 0 0 $50 $0...
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
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-...
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...
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.
Use the following table to answer questions 10 – 13: # Units Produced Total Revenue Total...
Use the following table to answer questions 10 – 13: # Units Produced Total Revenue Total Costs 0 0 0 1 100 50 2 180 110 3 250 180 4 290 270 5 310 380 10. What is the marginal revenue of producing the 2nd unit? a) 50. b) 70. c) 90. d) 80. 11. What is the marginal cost of producing the 4th unit? a) 270. b) 110. c) 50. d) 90. 12. At what level of output does...
Table B Number of Workers 0 1 2 Output Fixed Cost O $50 90 $50 170...
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
Question 6 S L 1 pts Table 13-5 Number of Output Workers 0 0 1 1 ,000 2 2 ,000 S32,700 4 3 ,200 5 3 ,500 6 3 ,600...
Question 6 S L 1 pts Table 13-5 Number of Output Workers 0 0 1 1 ,000 2 2 ,000 S32,700 4 3 ,200 5 3 ,500 6 3 ,600 Refer to Table 13-5. Assume that fixed costs are $500, and variable costs are $100 per worker. For this firm, what are the shapes of the production function and the total cost curve? The production function is increasing at a decreasing rate, whereas the total cost function is increasing at...
Use the following to answer questions # 3-4 Number of workers Total Units of output 40...
Use the following to answer questions # 3-4 Number of workers Total Units of output 40 90 126 150 145 3. Refer to the table above. The marginal product of the fourth worker is rker is A) 150 B] 126. C] 24 [D]-24 4. Refer to the table above. The total output is maximized with _workers Aj 5 [C) 3. [D] 2
(Table: Monopolist) Refer to the table. What is the monopolist's profit-maximizing level of output? Output Total...
(Table: Monopolist) Refer to the table. What is the monopolist's profit-maximizing level of output? Output Total Revenue Marginal Cost 1 $20 $10 2 10 3 70 10 4 80 10 5 85 10 6 88 10 7 90 10 50
Figure 6-13 PRICE Demand 160 80 105 120 QUANTITY Refer to Figure 6-13. What is the...
Figure 6-13 PRICE Demand 160 80 105 120 QUANTITY Refer to Figure 6-13. What is the amount of the tax per unit? ОООО Which of the following is not correct? 10 a. A minimum wage would not be binding if the equilibrium wage was above the minimum wage. O b. A minimum wage would be binding for workers with high skills and much experience. HOC. The impact of a minimum wage depends on the skill and experience of the worker....
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...
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 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
Question 6 S L 1 pts Table 13-5 Number of Output Workers 0 0 1 1 ,000 2 2 ,000 S32,700 4 3 ,200 5 3 ,500 6 3 ,600 Refer to Table 13-5. Assume that fixed costs are $500, and variable costs are $100 per worker. For this firm, what are the shapes of the production function and the total cost curve? The production function is increasing at a decreasing rate, whereas the total cost function is increasing at...
Use the following to answer questions # 3-4 Number of workers Total Units of output 40 90 126 150 145 3. Refer to the table above. The marginal product of the fourth worker is rker is A) 150 B] 126. C] 24 [D]-24 4. Refer to the table above. The total output is maximized with _workers Aj 5 [C) 3. [D] 2
(Table: Monopolist) Refer to the table. What is the monopolist's profit-maximizing level of output? Output Total Revenue Marginal Cost 1 $20 $10 2 10 3 70 10 4 80 10 5 85 10 6 88 10 7 90 10 50
Figure 6-13 PRICE Demand 160 80 105 120 QUANTITY Refer to Figure 6-13. What is the amount of the tax per unit? ОООО Which of the following is not correct? 10 a. A minimum wage would not be binding if the equilibrium wage was above the minimum wage. O b. A minimum wage would be binding for workers with high skills and much experience. HOC. The impact of a minimum wage depends on the skill and experience of the worker....
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