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Homework Answers
Answer
Option B
the marginal product of the input
The slope is a marginal product of the input as the slope of a function is a change in of the function and the in total product is a marginal product.
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At any given point on the curve, the...
No work needed, just an answer. Thank you To separate the income and substitute effects, the...
No work needed, just an answer. Thank you
To separate the income and substitute effects, the imaginary budget line should be O A. tangent to the new indifference curve and parallel to the new budget line. O B. tangent to the old indifference curve and parallel to the old budget line. OC. tangent to the new indifference curve and parallel to the old budget line. OD. tangent to the old indifference curve and parallel to the new budget line
what's the answer for question 36? QUESTION 36 Average total cost is very high when a...
what's the answer for question 36?
QUESTION 36 Average total cost is very high when a small amount of output is produced because average variable cost is high average fixed cost is high marginal cost is high marginal product is high QUESTION 37 Average total cost is increasing whenever total cost is increasing O marginal cost is increasing marginal cost is less than average total cost o marginal cost is greater than average total cost QUESTION 38 Marginal cost equals...
No work needed, just an answer. Thank you No work needed, just an answer. Thank you...
No work needed, just an answer. Thank you
No work needed, just an answer. Thank you
David consumes two things: gasoline (91) and bread (92). David's utility function is U(91, 92) = 909, 0.2420.8 Let the price of gasoline be Pı, the price of bread be P2, and income be Y. Derive David's demand curve for gasoline. David's demand for gasoline is 91 = U(Properly format your expression using the tools in the palette. Hover over tools to see keyboard...
please answer both Declining marginal product of labor O A. is needed if competitive firms are...
please answer both
Declining marginal product of labor O A. is needed if competitive firms are to stop hiring workers at some point. OB. allows firms to make the most profit. OC. mainly exists because workers get tired after many hours of work. OD. implies workers get more productive as more of them are hired. QUESTION 14 Improvements in productive technology that raise the marginal product of labor will cause a perfectly competitive firm's short-run labor demand curve to: O...
. Given that the slope of an indifference curve at any point is the “marginal rate...
. Given that the slope of an indifference curve at any point is the “marginal rate of substitution” between Y and X explain/prove that MRS is equal to the ratio of the consumer’s marginal evaluation of good X to his/her marginal evaluation of good Y (i.e. MRS = -MUx/MUy). (2 pts)
could you just explain 2.c,d,e ? Thank you MRT Marginal rate of 2. The curve Q....
could you just explain 2.c,d,e ? Thank you
MRT Marginal rate of 2. The curve Q. below shows all levels of capital and Labor that can be combined to produce the same quantity of output, Qo. Capital Input - lo AK = +1 Labor Input 90 100 AL = -10 a. (3%) What is the economic name for curve Q.? Isoquant . b. (3%) What is the slope along line Q. between the points (L-100, K=10) and (L=90, K=11)? .:40...
Please show as much work and explanation as possible, thank you so much! Part 2: For...
Please show as much work and
explanation as possible, thank you so much!
Part 2: For each question below, select all answers that are correct (there may be more than one correct answer, there may be none). Each potential answer is worth 2 points. MPK then we can conclude that: PK MPL 1. If PL (a) The firm should use more capital (K) and less labor (L) (b) The firm is not operating on its Long Run Average Cost Curve....
At the given point, find the slope of the curve or the line that is tangent...
At the given point, find the slope of the curve or the line that is tangent to the curve, as requested. y® + x3 = y2 + 11x, tangent at (0,1) 11 O A. y=- 8 11 OB. y=- EX-1 11 O C. y= 6*+1 11 OD. y= *+1
Question Completión Status QUESTION 36 Average total cost is very high when a small amount of...
Question Completión Status QUESTION 36 Average total cost is very high when a small amount of output is produced because average variable cost is high average foxed cost is high marginal cost is high omarginal product is high QUESTION 37 Average total cost is increasing whenever total cost is increasing omarginal cost is increasing o marginal cost is less than average total cost o marginal cost is greater than average total cost QUESTION 38 Marginal cost equals total cost dvided...
The marginal product of labour (MPL) at a particular labour input level (L) corresponds to the...
The marginal product of labour (MPL) at a particular labour input level (L) corresponds to the __ on the total product of labour (TPL) curve. O area under the curve between 0 and a particular level of L area above the curve between 0 and a particular level of L slope of the ray from the (0,0) origin to the particular level of L slope of a tangent line at the particular level of L The average product of labour...
No work needed, just an answer. Thank you
To separate the income and substitute effects, the imaginary budget line should be O A. tangent to the new indifference curve and parallel to the new budget line. O B. tangent to the old indifference curve and parallel to the old budget line. OC. tangent to the new indifference curve and parallel to the old budget line. OD. tangent to the old indifference curve and parallel to the new budget line
what's the answer for question 36?
QUESTION 36 Average total cost is very high when a small amount of output is produced because average variable cost is high average fixed cost is high marginal cost is high marginal product is high QUESTION 37 Average total cost is increasing whenever total cost is increasing O marginal cost is increasing marginal cost is less than average total cost o marginal cost is greater than average total cost QUESTION 38 Marginal cost equals...
No work needed, just an answer. Thank you
No work needed, just an answer. Thank you
David consumes two things: gasoline (91) and bread (92). David's utility function is U(91, 92) = 909, 0.2420.8 Let the price of gasoline be Pı, the price of bread be P2, and income be Y. Derive David's demand curve for gasoline. David's demand for gasoline is 91 = U(Properly format your expression using the tools in the palette. Hover over tools to see keyboard...
please answer both
Declining marginal product of labor O A. is needed if competitive firms are to stop hiring workers at some point. OB. allows firms to make the most profit. OC. mainly exists because workers get tired after many hours of work. OD. implies workers get more productive as more of them are hired. QUESTION 14 Improvements in productive technology that raise the marginal product of labor will cause a perfectly competitive firm's short-run labor demand curve to: O...
could you just explain 2.c,d,e ? Thank you
MRT Marginal rate of 2. The curve Q. below shows all levels of capital and Labor that can be combined to produce the same quantity of output, Qo. Capital Input - lo AK = +1 Labor Input 90 100 AL = -10 a. (3%) What is the economic name for curve Q.? Isoquant . b. (3%) What is the slope along line Q. between the points (L-100, K=10) and (L=90, K=11)? .:40...
Please show as much work and
explanation as possible, thank you so much!
Part 2: For each question below, select all answers that are correct (there may be more than one correct answer, there may be none). Each potential answer is worth 2 points. MPK then we can conclude that: PK MPL 1. If PL (a) The firm should use more capital (K) and less labor (L) (b) The firm is not operating on its Long Run Average Cost Curve....
At the given point, find the slope of the curve or the line that is tangent to the curve, as requested. y® + x3 = y2 + 11x, tangent at (0,1) 11 O A. y=- 8 11 OB. y=- EX-1 11 O C. y= 6*+1 11 OD. y= *+1
Question Completión Status QUESTION 36 Average total cost is very high when a small amount of output is produced because average variable cost is high average foxed cost is high marginal cost is high omarginal product is high QUESTION 37 Average total cost is increasing whenever total cost is increasing omarginal cost is increasing o marginal cost is less than average total cost o marginal cost is greater than average total cost QUESTION 38 Marginal cost equals total cost dvided...
The marginal product of labour (MPL) at a particular labour input level (L) corresponds to the __ on the total product of labour (TPL) curve. O area under the curve between 0 and a particular level of L area above the curve between 0 and a particular level of L slope of the ray from the (0,0) origin to the particular level of L slope of a tangent line at the particular level of L The average product of labour...
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