PLEASE ANSWER QUESTIONS CAREFULLY & ANSWERS MUST BE CLEAR TO READ! THANKS!
Homework Answers
| Workers | Marginal product (Cupcakes per worker) | Total product = summation of MP | Average product =TP/L |
| 0 | - | 0 | - |
| 1 | 10 | 10 | 10 |
| 2 | 14 | (10+14)=24 | 24/2= 12 |
| 3 | 12 | (24+12)= 36 | 36/3= 12 |
| 4 | 8 | (36+8)= 44 | 44/4=11 |
| 5 | 1 | (44+1)=45 | 45/5=9 |
By plotting Average product (AP) ,we get the following graph:
Marginal product (MP) and Average product (AP) curves always intersect at the maximum of the AP curve (as we can see in the graph that MP=AP at 12 when L=3).
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PLEASE ANSWER QUESTIONS CAREFULLY & ANSWERS MUST BE CLEAR TO
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PLEASE READ CAREFULLY AND ANSWERS MUST BE CLEAR TO READ!
FOR THE ORANGE POINTS PLEASE LIST ALL THE POINTS!
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PLEASE READ CAREFULLY AND ANSWER ALL THE QUESTIONS! SHOW ALL YOUR CALCULATIONS CLEARLY! ANSWERS MUST BE...
PLEASE READ CAREFULLY AND ANSWER ALL THE QUESTIONS! SHOW ALL
YOUR CALCULATIONS CLEARLY! ANSWERS MUST BE CLEAR TO READ!
THANKS!
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PLEASE ANSWER QUESTIONS CORRECTLY AND ANSWERS MUST BE CLEAR TO
READ!!! THANKS!!!!
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PLEASE ANSWER ALL THE QUESTIONS & ANSWERS MUST BE CLEAR TO
READ! THANKS!
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PLEASE READ CAREFULLY AND ANSWERS MUST BE CLEAR TO READ!
FOR THE ORANGE POINTS PLEASE LIST ALL THE POINTS!
THANKS!!
We were unable to transcribe this imageAndrew's daily production schedule is presented in the following table. Fill in the blanks to complete the Marginal Product of Labor column for each worker. Output Marginal Product of Labor Number of Workers (Pizzas) (Pizzas) 60 100 130 60 40 30 120 10 2 4 160 We were unable to transcribe this imageSuppose that...
PLEASE READ CAREFULLY AND ANSWER ALL THE QUESTIONS! SHOW ALL
YOUR CALCULATIONS CLEARLY! ANSWERS MUST BE CLEAR TO READ!
THANKS!
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PLEASE ANSWER QUESTIONS CORRECTLY AND ANSWERS MUST BE CLEAR TO
READ!!! THANKS!!!!
7. Cost-curve shifters The following graph shows the average total cost (ATC) curve, average variable cost (AVC) curve, and average fixed cost (AFC) curve for Kyoko's Pizza Parlor when the retail price Kyoko pays for pizza dough, including sales tax, is $5 per large pizza. AVC 0: AFC OUTPUT (Pizzas per day) Suppose the sales tax on pizza dough is removed, so the price of pizza dough decreases...
PLEASE ANSWER ALL THE QUESTIONS & ANSWERS MUST BE CLEAR TO
READ! THANKS!
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