Question

Question 1- Stages of production ؟ Inputs of labor Total Product (TPL) Marginal product of labor...

Question
1- Stages of production ؟

Inputs of labor

Total

Product (TPL)

Marginal product of labor (MPL)

Average product of labor

(APL)

Stages of production

0

0

1

60

2

110

3

150

4

185

5

210

6

225

7

230

8

235

9

230

0 0
Add a comment Improve this question Transcribed image text
Answer #1

inputs of labor S total Product Avenay L cut Product of labor 60 Do 150 185 50 yo 35 60 55 50 46.25 210 25 42 225 37.5 32.86

Add a comment
Know the answer?
Add Answer to:
Question 1- Stages of production ؟ Inputs of labor Total Product (TPL) Marginal product of labor...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • 8. Calculate the marginal product of labor and average product of labor at each level of...

    8. Calculate the marginal product of labor and average product of labor at each level of production in the table below. When does the law of diminishing returns begin to take effect? Units of Labor (L) Units of Output (Q) Marginal Product (MPL) Average Product (APL) 0 60 150 260 OHIN MILON 000 350 420 455 420 375 300 10 T L -

  • 5. The average product of labor is given by the equation AP,"-б00-200L-L2 a. What is the...

    5. The average product of labor is given by the equation AP,"-б00-200L-L2 a. What is the equation for the total product of labor (TPL)? b. What is the equation for the marginal product of labor (MP)? c. At what level of labor usage is APL - MPL?

  • 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...

  • Finish the table. MPL: Marginal production of labor TC: Total cost MC: Marginal Cost AFC: Average...

    Finish the table. MPL: Marginal production of labor TC: Total cost MC: Marginal Cost AFC: Average fixed cost AVC: Average variable cost ATC: Average total cost lormal text - Times New... - 12 B I VA G E A E 1 E- Labor Week 6 Assignment: Production Costs 20 Points) Output MPL FC VC TC MC AFC AVC ATC (Q) 0 25 WN 25 50 75 100 13 25 15 F 16 25 125 1. Complete the table above. (4...

  • The graph below shows the production function for a certain firm that uses labor and capital...

    The graph below shows the production function for a certain firm that uses labor and capital as inputs. The function is drawn for a given level of capital. In the space underneath the graph with the function, sketch a graph of this firm’smarginal product of labor and average product of labor curves. Label them clearly. It may help you to know that marginal product equals Q0/15 when labor is 15 (or when labor is raised from 14.9 to 15.1). Note:...

  • QUESTION 5 The marginal product for labor is given (MP) = 3 – 0.02*L; price of...

    QUESTION 5 The marginal product for labor is given (MP) = 3 – 0.02*L; price of the product is $100 and wage = 200.  Based on information above, the marginal product of labor at the optimal level of employment is $3 $2 $1.5 $1 2 points    QUESTION 6 If the labor elasticity of output is 0.5 and the capital elasticity of output is 0.9, then the production function exhibits constant returns to scale. economies of scale. diseconomies of scale. diminishing...

  • Consider a price-taking firm that has total fixed cost of $500 and faces a market-determined price...

    Consider a price-taking firm that has total fixed cost of $500 and faces a market-determined price of $10 per unit for its output. The wage rate is $175 per unit of labor, the only variable input. Using the following table, fill in the columns and answer the question below. (1) (2) (3) (4) (5) (6) Units of labor Output Marginal product Marginal revenue product Marginal cost Profit 1 10 2 30 3 60 4 100 5 150 6 190 7...

  • Labor Output L Q. 0 0 1 3 2 8 3 15 4. 20 5 21...

    Labor Output L Q. 0 0 1 3 2 8 3 15 4. 20 5 21 6 17 5 21 6 17 What is the marginal product of the third worker? Note: Recall that marginal product is MPL AQ AL 5 7 00 Question 7 1/1 pts What is the average product when three workers are employed? Note: Recall that average product is APL • 5 7 8 correct Question 8 0/1 pts Is it sensible for the firm to...

  • Question 5 (1 point) Labor Total product (workers per day)| (hats per day) 1 10 18...

    Question 5 (1 point) Labor Total product (workers per day)| (hats per day) 1 10 18 5 25 30 5. The above table shows the total product of producing baseball hats. The average product of 3 workers is equal to 1.67 baseball hats. 12.78 baseball hats. 18.00 baseball hats. 6.00 baseball hats. Question 6 (1 point) 6. The law of diminishing marginal returns says that as the firm uses more of - with a given quantity of product of the...

  • Labor Total Product Marginal Product 4 110 5 115 6 122 7 127 8 130 9...

    Labor Total Product Marginal Product 4 110 5 115 6 122 7 127 8 130 9 132 10 133 Output TC TVC TFC MC ATC AVC AFC 0 30 1 35 2 60 3 110 4 200 5 320 6 600 Complete the following table

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT