Homework Answers
OPTION B 5
Wage = vmpl
At 5 worker
So it is correct option
In table p= labor cost =$6
L=worker
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If a firm's labor produced the weekly results below and the cost of labor was $E...
Q9. A perfectly competitive firm operates in the short-run with labor as its only variable factor....
Q9. A perfectly competitive firm operates in the short-run with labor as its only variable factor. Its production function is: Q = -L3 + 10L2 + 88L where Q is output per week measured in tons and L is the number of workers employed. The weekly wage is $324 and the product sells for $3.24 per ton. (a) At what weekly output is marginal cost equal to average variable cost? (b) What is the minimum product price...
The weekly output of a production process is shown below, together with data for labor and...
The weekly output of a production process is shown below, together with data for labor and material 3. inputs. The standard inventory value of the output is $125 per unit. Overhead is charged weekly at the rate of $1,500 plus.5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per nunning foot. What is the average multifactor productivity for this process? Material (t) Week Output 412 #Workers 6 2840 2550 2...
The below table shows the weekly relationship between output and number of workers for a factory...
The below table shows the weekly relationship between output and number of workers for a factory with a fixed size of plant. Number of Workers Output MPL APL 0 0 1 50 2 110 3 300 4 450 5 590 6 600 7 575 8 540 Calculate the marginal product of labor and the average product of labor. At what point (in terms of the number of workers) does diminishing returns set in? At what point (in terms of...
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below....
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below. Benvenuto's weekly cost of laboris $450 per worker, its plant costs $700 per week, and the ingredients used to make pizza cost $6 per pie. Labor Total product (weekly workers) (pizzas per week) 52 2 172 3 341 4 536 5 738 924 1,075 8 1,168 9 1,184 Question 6 Homework . Unanswered In the scenario above, suppose Benvenuto currently produces 438 pizzas per...
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below....
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below. Benvenuto's weekly cost of laboris $450 per worker, its plant costs $700 per week, and the ingredients used to make pizza cost $6 per pie. Labor Total product (weekly workers) (pizzas per week) 52 172 1 3 341 536 738 924 1,075 1,168 1,184 8 Question 1 Homework. Unanswered In the scenario above, if Benvenuto produces 1,168 pizzas, what is its total fixed cost...
Aggregate Planning
A While the demand for regular fabric has declined, the demand for medical-grade fabric has been surging in the market. In response, the management at Fabric Mills quickly bumped up the regular output of medical-grade fabric by reassigning workers from the production of regular fabric and rehiring retired workers. Table 2 shows the demand forecast and capacity for medical-grade fabric. Note that overtime is limited to 20% of the regular capacity. The availability of subcontract is also limited due to...
（1） Wage discrimination occurs when people are paid different salaries based upon: education. working condition. experience....
（1） Wage discrimination occurs when people are paid different salaries based upon: education. working condition. experience. national origin. responsibility. (2) Table 32 The following table shows the distribution of income in Widgetapolis. Quintile Annual Family Income Top Quintile (20%) $110,000 and above Second Quintile (20%) $82,000 to $109,999 Third Quintile (20%) $60,000 to $81,999 Fourth Quintile (20%) $39,000 to $59,999 Bottom Quintile (20%) Under $39,000 Refer to Table 32. If the poverty line were $46,141, what would be the poverty...
Exhibit 11.1 Dollars per hour of labor our of haber per peribel 3. Refer to Exhibit...
Exhibit 11.1 Dollars per hour of labor our of haber per peribel 3. Refer to Exhibit 1 1.1. If this represents the resource market for truck drivers, what is the truck driver's pay derived from? a. from wage ceilings b. from wage floors c. from the quantity of trucks d. from the supply for transporting goods e. from the demand for transporting goods 8:36 PM Tue Mar 24 9 86% 2620Micro copy Draw Layout Home Insert Review + View Draw...
HELP needed urgently....Data and question is attacted below..... Thank you in advance there is no data...
HELP needed urgently....Data and question is attacted below.....
Thank you in advance
there is no data link fir this data it’s all in photos.... thank
you
i
have already posted the question
We were unable to transcribe this imageNo. 2 3 4 5 6 7 8 Working Sector Public Own Public Public Private Public Private Private Own Own Private Public Public Public Private 9 10 11 12 13 Public IS 16 17 18 19 20 21 22 23 24 25...
The weekly output of a production process is shown below, together with data for labor and material 3. inputs. The standard inventory value of the output is $125 per unit. Overhead is charged weekly at the rate of $1,500 plus.5 times direct labor cost. Assume a 40-hour week and an hourly wage of $16. Material cost is $10 per nunning foot. What is the average multifactor productivity for this process? Material (t) Week Output 412 #Workers 6 2840 2550 2...
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below. Benvenuto's weekly cost of laboris $450 per worker, its plant costs $700 per week, and the ingredients used to make pizza cost $6 per pie. Labor Total product (weekly workers) (pizzas per week) 52 2 172 3 341 4 536 5 738 924 1,075 8 1,168 9 1,184 Question 6 Homework . Unanswered In the scenario above, suppose Benvenuto currently produces 438 pizzas per...
Benvenuto is a pizzeria operating in a competitive market. Its short-run production function is shown below. Benvenuto's weekly cost of laboris $450 per worker, its plant costs $700 per week, and the ingredients used to make pizza cost $6 per pie. Labor Total product (weekly workers) (pizzas per week) 52 172 1 3 341 536 738 924 1,075 1,168 1,184 8 Question 1 Homework. Unanswered In the scenario above, if Benvenuto produces 1,168 pizzas, what is its total fixed cost...
Exhibit 11.1 Dollars per hour of labor our of haber per peribel 3. Refer to Exhibit 1 1.1. If this represents the resource market for truck drivers, what is the truck driver's pay derived from? a. from wage ceilings b. from wage floors c. from the quantity of trucks d. from the supply for transporting goods e. from the demand for transporting goods 8:36 PM Tue Mar 24 9 86% 2620Micro copy Draw Layout Home Insert Review + View Draw...
HELP needed urgently....Data and question is attacted below.....
Thank you in advance
there is no data link fir this data it’s all in photos.... thank
you
i
have already posted the question
We were unable to transcribe this imageNo. 2 3 4 5 6 7 8 Working Sector Public Own Public Public Private Public Private Private Own Own Private Public Public Public Private 9 10 11 12 13 Public IS 16 17 18 19 20 21 22 23 24 25...
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