Homework Answers
Answer- Complete table is given below:
| Labor | TP | MP |
| 0 | - | - |
| 1 | 40 | 40 |
| 2 | 64 | 24 |
| 3 | 82 | 18 |
| 4 | 114 | 32 |
| 5 | 140 | 26 |
| 6 | 78 | -62 |
Marginal Product of 3rd worker = 18
Total Product of 4th worker = 114
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24 Complete the table below to provide the information requested below: Labor TP MP 27 0...
1. What is the formula for calculating the Marginal Product of Labor (MP)? 2. What is...
1. What is the formula for calculating the Marginal Product of Labor (MP)? 2. What is the formula for calculating the Average Product of Labor (AP)? Use the chart given below to answer questions 3-14: Labor Total Product Marginal Product Average Product 0 20 2 3 80 125 165 26.6 31.25 5 7 21 213 231 243 32 30.4 88 2 9 12 10 25 3. What is the total product of 2 workers? 4. For which worker does the...
21. Refer to the above graph. It shows the marginal product of labor (MP) and the...
21. Refer to the above graph. It shows the marginal product of labor (MP) and the average product of labor (APL). At which point above does diminishing marginal returns set in? A. Point A B. Point B C. Point C D. Point D Assume that the only variable resource used to produce output is labor. Amount of Labor Total Product 6 1 16 2 24 3 30 4 34 36 22. Refer to the above table. The marginal product of...
5 pts each ANSWER THE NEXT 4 QUESTIONS BASED ON THE FOLLOWING TABLE OL TP AP MP FILL IN THE MISSING COLUMNS DIMINI...
5 pts each ANSWER THE NEXT 4 QUESTIONS BASED ON THE FOLLOWING TABLE OL TP AP MP FILL IN THE MISSING COLUMNS DIMINISHING RETURNS SETS IN AFTER THE THE MARGINAL PRODUCT OF THE LAST WORKER IS WORKER 4 THE AVERAGE PRODUCT OF THE 3RD WORKER IS THE AVERAGE PRODUCT OF THE 5TH WORKER IS S 25 pts WHAT REPRESENTS A FIRM'S SUPPLY CURVE? cach ANSWER THE FOLLOWING 2 QUESTIONS BASED ON THE GRAPH FOR A PERFECTLY COMPETITIVE FIRM mc ATC...
Complete this table to fill in the answers requested below: ТР TFC TVC TC AFC AVC...
Complete this table to fill in the answers requested below: ТР TFC TVC TC AFC AVC ATC MC 0 -- 1 13 2 25 3 35 4 51 104 5 72 6 95 7 120 8 160 I PULS TUI Cali LUITELL DISCI). Total Fixed Cost (for all kegs)= Total Variable Cost for keg #1 = Total Cost for keg #5= 30 Average Total Cost for keg #5= Marginal Cost of keg #5= 33 36 39
The below table presents the production of a company: L TP AP MP 0 0 -...
The below table presents the production of a company: L TP AP MP 0 0 - - 5 10 2 2 10 30 3 4 15 60 4 6 20 100 5 8 Calculate the quantity that can be produced by 7 workers. How many workers needed to produce 48 units? Suppose that the company has 7 workers. If the company wants to increase the production by 30 units, how many more workers should hire?
Fill in the table below based on the reference string (RS) shown. The resident set at time 0 is g...
Fill in the table below based on the reference string (RS) shown. The resident set at time 0 is given Algorithm to use is: PFF with t-2 RS 2 35 3 212 3 2 4 3 45 3 P1 P2 )X P3 P4 P5 IN 2 OUT PF 1 Based on the logical adáresses given in problem 1 on the previous page what would that reference string be? 1. Given the following physical addresses and value in memory: Val |...
Complete the following labor supply table for a firm hiring labor competitively 9 Marginal Marginal Resource...
Complete the following labor supply table for a firm hiring labor competitively 9 Marginal Marginal Resource Units of Total Labor Revenue Labor (Labor) Cost Wage Rate Cost Product $14 $ na na 1 14 $38 2 14 28 14 24 4 14 20 5 14 14 6 14 1e Show graphically the labor supply and marginal resource (labor) cost curves for this Instructions: 1. Use the line tool (MRC, plot 6 points) to draw the marginal resource cost curve. 2...
1. Given the table below, compute total product for resources A and resources B Both resources...
1. Given the table below, compute total product for resources A and resources B Both resources are varible and are employed in purely competitive markets. The price of A is $4.00 and the price of 8 is $8.00. The Final product is $1.00 per unit. (20 points) Quantity of Resources A Quantity of resources B Marginal Product of B TP MRP TRB Marginal TRA Employed Product of A TP MRP 40 32 24 20 16 36 32 24 16 12...
Below is a table showing the production numbers for a chair factory (where the production numbers...
Below is a table showing the production numbers for a chair factory (where the production numbers are based on chairs being produced per day). Workers Total Product (TP) Average Product (AP) Marginal Product (MP) Value of the Marginal Product (VMP) 0 0 - - - 1 20 2 60 3 40 4 180 5 46 6 270 7 300 8 40 9 10 10 5 a) Fill in the missing numbers for the TP, AP and MP columns (round to...
1. Given the following physical addresses and value in memory: add 0 val 9 10 11 12 13 1415161181...
1. Given the following physical addresses and value in memory: add 0 val 9 10 11 12 13 14151611819 2021 22 23 18 24 20 32 0 40 8 32 245458 10 36 34 3230 40 35 3028 add 24 25 26 27 28 29 30 31 32 33 34 | 35 | 36 37 38 39 40 | 41 | 42 | 43 44 45 46 47 8 40 35 1614 12 12 22 24417 21 23 25 27...
1. What is the formula for calculating the Marginal Product of Labor (MP)? 2. What is the formula for calculating the Average Product of Labor (AP)? Use the chart given below to answer questions 3-14: Labor Total Product Marginal Product Average Product 0 20 2 3 80 125 165 26.6 31.25 5 7 21 213 231 243 32 30.4 88 2 9 12 10 25 3. What is the total product of 2 workers? 4. For which worker does the...
21. Refer to the above graph. It shows the marginal product of labor (MP) and the average product of labor (APL). At which point above does diminishing marginal returns set in? A. Point A B. Point B C. Point C D. Point D Assume that the only variable resource used to produce output is labor. Amount of Labor Total Product 6 1 16 2 24 3 30 4 34 36 22. Refer to the above table. The marginal product of...
5 pts each ANSWER THE NEXT 4 QUESTIONS BASED ON THE FOLLOWING TABLE OL TP AP MP FILL IN THE MISSING COLUMNS DIMINISHING RETURNS SETS IN AFTER THE THE MARGINAL PRODUCT OF THE LAST WORKER IS WORKER 4 THE AVERAGE PRODUCT OF THE 3RD WORKER IS THE AVERAGE PRODUCT OF THE 5TH WORKER IS S 25 pts WHAT REPRESENTS A FIRM'S SUPPLY CURVE? cach ANSWER THE FOLLOWING 2 QUESTIONS BASED ON THE GRAPH FOR A PERFECTLY COMPETITIVE FIRM mc ATC...
Complete this table to fill in the answers requested below: ТР TFC TVC TC AFC AVC ATC MC 0 -- 1 13 2 25 3 35 4 51 104 5 72 6 95 7 120 8 160 I PULS TUI Cali LUITELL DISCI). Total Fixed Cost (for all kegs)= Total Variable Cost for keg #1 = Total Cost for keg #5= 30 Average Total Cost for keg #5= Marginal Cost of keg #5= 33 36 39
Fill in the table below based on the reference string (RS) shown. The resident set at time 0 is given Algorithm to use is: PFF with t-2 RS 2 35 3 212 3 2 4 3 45 3 P1 P2 )X P3 P4 P5 IN 2 OUT PF 1 Based on the logical adáresses given in problem 1 on the previous page what would that reference string be? 1. Given the following physical addresses and value in memory: Val |...
Complete the following labor supply table for a firm hiring labor competitively 9 Marginal Marginal Resource Units of Total Labor Revenue Labor (Labor) Cost Wage Rate Cost Product $14 $ na na 1 14 $38 2 14 28 14 24 4 14 20 5 14 14 6 14 1e Show graphically the labor supply and marginal resource (labor) cost curves for this Instructions: 1. Use the line tool (MRC, plot 6 points) to draw the marginal resource cost curve. 2...
1. Given the table below, compute total product for resources A and resources B Both resources are varible and are employed in purely competitive markets. The price of A is $4.00 and the price of 8 is $8.00. The Final product is $1.00 per unit. (20 points) Quantity of Resources A Quantity of resources B Marginal Product of B TP MRP TRB Marginal TRA Employed Product of A TP MRP 40 32 24 20 16 36 32 24 16 12...
1. Given the following physical addresses and value in memory: add 0 val 9 10 11 12 13 14151611819 2021 22 23 18 24 20 32 0 40 8 32 245458 10 36 34 3230 40 35 3028 add 24 25 26 27 28 29 30 31 32 33 34 | 35 | 36 37 38 39 40 | 41 | 42 | 43 44 45 46 47 8 40 35 1614 12 12 22 24417 21 23 25 27...
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