Marginal product (at x) = Total product (x) - Total Product (x-1)
Marginal product of the 2nd worker = 500 -300 = 200 units
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Table 13-2 Number of Total Marginal Workers Output Product 300 500 600 1650 Refer to Table...
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 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...
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
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...
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
Workers Output Marginal Product Fixed cost Variable cost Total Cost Average Total cost Marginal cost 0 0 200 0 200 1 20 20 200 100 300 300 5.00 2 50 30 200 200 400 200 3.33 3 90 40 200 300 500 166.67 2.50 4 120 30 200 400 600 150 3.33 5 140 20 200 500 700 140 5.00 6 150 10 200 600 800 133.33 10.00 7 155 5 200 700 900 128.57 20.00 a. Fill in the...
17. Refer to Table 13-2. At which number of workers does diminishing marginal product begin? ooo Table 13-2 Number of Workers Output 0 1 2 3 50 110 180 260 330 14. Assume a certain firm regards the number of workers it employs as variable, and that it regards the size of its factory as fixed. This assumption is often realistic a. in the short run, but not in the long run. b. in the long run, but not in...
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?
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...