Homework Answers
Ans) When total product is maximum, marginal product is zero. After this point, total product starts decreasing and marginal product becomes negative.
Option d.
Add Answer to:
When the value of the marginal product reaches zero, then that point is also the place...
The inflection point of the total product curve is where: a. the value of the marginal...
The inflection point of the total product curve is where: a. the value of the marginal product is negative. b. the average product equals marginal product. c. the marginal product reaches its maximum or the total product will start to increase at a decreasing rate. d. the marginal rate of technical substitution is equal to one.
marginal product equals 0 when: a. average product equals 0 b. total product reaches its maximum...
marginal product equals 0 when: a. average product equals 0 b. total product reaches its maximum value c. total product equals average product d. average product reached its minimum value
Which of the following statements is false? a. When the marginal product of labor is increasing,...
Which of the following statements is false? a. When the marginal product of labor is increasing, marginal cost is also increasing. b. The average fixed cost curve is downward sloping and approaches the horizontal axis as output increases. c. The marginal cost curve intersects the average variable cost curve at the minimum point of the average variable cost curved. d. When the marginal cost is greater than the average total cost, the average total cost must be increasing. please explain...
When the slope of the total product curve begins to flatten, A. marginal product must be...
When the slope of the total product curve begins to flatten, A. marginal product must be increasing. B. additional inputs add more and more to total product than those added before. C. total cost must be increasing at an increasing rate. D. total cost must be increasing at a decreasing rate.
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...
In the table at right, how many workers are employed when marginal product reaches its maximum?...
In the table at right, how many workers are employed when marginal product reaches its maximum? Input of Labor (number Total Product (number of workers in weeks) of tablets produced OA 1 Ов.з Ос. 4 30 68 110 140 135
These two question please Question 8 (1 point) When do constant returns to scale occur? when...
These two question please
Question 8 (1 point) When do constant returns to scale occur? when long-run total costs are constant as output increases when long-run average total costs are constant as output increases when the firm's long-run average-cost curve is falling as output increases when the firm's long-run average-cost curve is rising as output increases Figure 13-4 The curves in this figure reflect information about the average total cost, average fixed cost, average variable cost, and marginal cost for...
A firm attempting to expand output in the short-run faces the total product of labor schedule:...
A firm attempting to expand output in the short-run faces the total product of labor schedule: TPL = 24 L^2 - L^3 The firm's total product is maximum at L= . The firm's total product curve is a concave up function at the interval [ ). (Note: Please write the largest interval where the total product curve is a concave up function. Please use a comma to separate two numbers, but please do not use any space. ) The firm's marginal...
4) (20 pts) The marginal product curve intersects the average product curve at the maximum point...
4) (20 pts) The marginal product curve intersects the average product curve at the maximum point of the AP curve. Conversely, the marginal cost curve intersects the average variable cost curve at the minimum point of the AVC curve. a. Explain why this necessarily has to be the case. Present your answer both in mathematical and intuitive terms. Be as detailed as you possibly can in answering this question. b. Explain why the marginal cost curve above the average variable...
20. When the average product of labor is decreasing, which of the following would you expect...
20. When the average product of labor is decreasing, which of the following would you expect to see? a. Average total cost is decreasing b. Average variable cost is increasing c. Marginal cost is decreasing d. Marginal product is greater than average product 21. When a firm is experiencing economies of scale, the slope of the long run average cost (LRAC) curve is This implies that the marginal cost curve lies the LRAC curve. a. Positive; above b. Positive; below...
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...
In the table at right, how many workers are employed when marginal product reaches its maximum? Input of Labor (number Total Product (number of workers in weeks) of tablets produced OA 1 Ов.з Ос. 4 30 68 110 140 135
These two question please
Question 8 (1 point) When do constant returns to scale occur? when long-run total costs are constant as output increases when long-run average total costs are constant as output increases when the firm's long-run average-cost curve is falling as output increases when the firm's long-run average-cost curve is rising as output increases Figure 13-4 The curves in this figure reflect information about the average total cost, average fixed cost, average variable cost, and marginal cost for...
4) (20 pts) The marginal product curve intersects the average product curve at the maximum point of the AP curve. Conversely, the marginal cost curve intersects the average variable cost curve at the minimum point of the AVC curve. a. Explain why this necessarily has to be the case. Present your answer both in mathematical and intuitive terms. Be as detailed as you possibly can in answering this question. b. Explain why the marginal cost curve above the average variable...
20. When the average product of labor is decreasing, which of the following would you expect to see? a. Average total cost is decreasing b. Average variable cost is increasing c. Marginal cost is decreasing d. Marginal product is greater than average product 21. When a firm is experiencing economies of scale, the slope of the long run average cost (LRAC) curve is This implies that the marginal cost curve lies the LRAC curve. a. Positive; above b. Positive; below...
Most questions answered within 3 hours.
-
A 200 g mass is gently hung on a vertical spring which stretches
it 20cm before...
asked 22 seconds from now -
A person wants to use a lever to lift a dumpster weighing 4700
N. The lever...
asked 1 minute ago -
Hello,
Can you assist with the 2 part multiple choice question?
1A) Which of the following...
asked 16 minutes ago -
A municipal bond you are considering as an investment currently
pays a yield of 6.82 percent....
asked 21 minutes ago -
My Ebook is already expired. How could I keep using it since it
is very helpfull...
asked 29 minutes ago -
describe in detail your "perfect" place to study in your home
giving great detail to how...
asked 45 minutes ago -
Decide with a brief explanation of the following statements
about reaction rates and catalysis are true:...
asked 47 minutes ago -
Write a grading program in Java for a class with the following
grading policies: There are...
asked 49 minutes ago -
Can someone explain the process of this Display a text
file program and show the supposed...
asked 1 hour ago -
When a solid dissolves in water, heat may be evolved or
absorbed. The heat of dissolution...
asked 1 hour ago -
Leechtown Co. has 4.3 percent coupon bonds on the market with 18
years left to maturity....
asked 1 hour ago -
Comment on how the conference could have been improved What
additional elements would you consider adding...
asked 1 hour ago