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(1) Quantity (2) Quantity (3) Product (4) Marginal (5) Marginal of Factor X of Output Price...
(1) Quantity (2) Quantity (3) Product (4) Marginal (5) Marginal of Factor X of Output Price Physical Product Revenue Product 0 20 $24 1 28 $24 (C) 34 $24 N (A) (D). 3 37 $24 (B) (E) 4 38 $24 (E) The dollar amounts that go in blanks (C) and (D) are, respectively, O $190 and $270 O $90 and $80 O $8 and $8 O $192 and $144.
1) Quantity (2) Quantity (3) Product (4) Marginal (5) Marginal of Factor X of Output Price Physical Product Revenue Product O 20 $24 1 28 $24 (c) 2 34 $24 (A) (D) 3 37 $24 (B) (E) 4 38 $24 (E) If firm is a factor price taker and ongoing price of Factor X is $20, how many units of Factor X this firm should hire to maximize profit? O 2 4 O 1 3
(1) 2) (3) (4) Units of Quantity of Product Factor X Output Price Marginal Revenue Product 0 0 $12 1 10 |$12 (A) 2 18 $12 (B) 3 25 $12 (C) 14 28 $12 (D) What dollar value goes in blank (D)? O $28 O $12 $18 O $36
(1) (2) (3) (4) Units of Quantity of Product Factor X Output Price Marginal Revenue Product 0 0 $12 1 10 $12 (A) 2 18 $12 (B) 3 25 $12 (C) 4 28 $12 (D) What dollar value goes in blank (B)? $96 O $144 O $62.50 O $12
(1) (2) (3) (4) Units of Quantity of Product Factor X Output Price Marginal Revenue Product 0 $12 o 1 10 $12 (A) 2 18 $12 (B) 3 25 $12 (C) 28 $12 (D) price, thus we are dealing with a(n) The data show that marginal revenue is competitive firm. O greater than; perfectly equal to perfectly o less than; perfectly O equal to; imperfectly
(1) (2) (3) (4) Units of Quantity of Product Factor X Output Price Marginal Revenue Product 0 0 $12 1 10 $12 (A) 2 18 $12 (B) 3 25 $12 (C) 4 28 $12 (D) For this form, the demand curve for factor Xis There is not enough information given to determine the shape of the factor X demand curve, vertical upward-sloping Odownward-sloping- O horizontal
(1) (2) (3) Units of Quantity of Product Factor X Output Price Marginal Revenue Product O 0 $12 1 10 $12 (A) 2 18 $12 (B) 3 25 $12 (C) 4 28 $12 (D) For this firm, the demand curve for factor Xis downward-sloping. upward-sloping horizontal vertical There is not enough information given to determine the shape of the factor X demand curve.
Exhibit 12-1 (1) (2) (3) (4) Units of Factor X Quantity of Output Product Price Marginal Revenue Product 0 10 $5 1 19 $5 A 2 27 $5 B 3 34 $5 C 4 39 $5 D Refer to Exhibit 12-1. What value goes in blank C? $35.00 $170.00 $40.00 $11.67
Exhibit 27-5 Units of Quantity of Output Marginal Revenue Labor 0 0 $6 1 100 6 2 180 6 زر 250 6 4 310 6 5 330 6 Refer to Exhibit 27-5. Marginal physical product of the fourth unit of labor equals 60. equals 40. equals 24. equals 310. cannot be determined.
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...