![Use the following to answer questions # 3-4 Number of workers Total Units of output 40 90 126 150 145 3. Refer to the table above. The marginal product of the fourth worker is rker is A) 150 B] 126. C] 24 [D]-24 4. Refer to the table above. The total output is maximized with _workers Aj 5 [C) 3. [D] 2](http://img.homeworklib.com/questions/9028d4e0-7567-11eb-ab32-d19ac5f65cb7.png?x-oss-process=image/resize,w_560)
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Use the following to answer questions # 3-4 Number of workers Total Units of output 40...
If total output is 40 units when 4 workers are employed and 48 units when 5 workers are employed, then: a average p...
If total output is 40 units when 4 workers are employed and 48 units when 5 workers are employed, then: a average product is 10 units when 4 workers are employed. b. the marginal product of the 5th worker is 8 units. c. average product must be falling because the marginal product of the 5th worker is lower than the average product for 4 workers. all of the above are true.
Refer to the following table to answer the next five questions: Number of Workers Output 1...
Refer to the following table to answer the next five questions: Number of Workers Output 1 20 2 30 3 38 4 42 5 44 If the price of output is $5, the value of the marginal product of labor of the third worker is $30. $190. $8. $40. $38.
Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 150 25 150 150...
Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 150 25 150 150 W 110 130 145 155 160 000 80 150 Refer to the table above. What is the firm's marginal cost when it produces 55 units of the good? 50.33 $0.50 $0.66 $0.75 • Previous
Number of Total Marginal Workers Output Product 300 500 600 650 4 1) Refer to the...
Number of Total Marginal Workers Output Product 300 500 600 650 4 1) Refer to the above table. Fill in the final column (4 points). 2) Refer to the above table. At which number of workers does diminishing marginal product begin? (3 points) A. 2 B. 1 C. 3 D. 4
Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2...
Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2 workers are hired? a. 15 b. 45 c. 75 d. 120 et de 7. Refer to Figure 13-2. If the figure represented production at a cookie factory, the factory would be experiencing a. diminishing marginal product of workers b. diminishing marginal cost of cookie production c. decreasing cost of cookie production d. decreasing output of cookies. Wose Jan started...
the answer is c 80 units can you explain how ? thanks Table 13-3 Number of...
the answer is c 80 units can you explain how ? thanks
Table 13-3 Number of Workers Fixed Output Total Cost o 90 1170 $50 Variable Cost $O $20 $40 $50 550 650 $70 $90 Name: Class: Sample Exam II 540 5015805130 41. Refer to Table 13-3. The marginal product of the second worker is a. 90 units. b. 85 units. c. 80 units. d. 20 units.
Canvas → XCO The following table shows the total output, number of workers employed, variable costs,...
Canvas → XCO The following table shows the total output, number of workers employed, variable costs, and fixed costs Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 25 150 150 150 150 an WN 130 145 150 150 150 150 150 155 160 Refer to the table above. What is the average fixed cost of producing 110 units of the good? $150 $1.72 $37.50 $1.36 • Previous
Table 13-7 2 Number of Workers Total Output 0 Marginal Product 40 85 125 35 30 215 Refer to Table 13-7. What is the marginal product of the third worker? a. 45 O b. 125 О с. 40 O d. 85 Table 13-...
Table 13-7 2 Number of Workers Total Output 0 Marginal Product 40 85 125 35 30 215 Refer to Table 13-7. What is the marginal product of the third worker? a. 45 O b. 125 О с. 40 O d. 85
Table 13-7 2 Number of Workers Total Output 0 Marginal Product 40 85 125 35 30 215 Refer to Table 13-7. What is the marginal product of the third worker? a. 45 O b. 125 О с. 40 O...
Question 10 (4 points) The following table shows the total output, number of workers employed, variable...
Question 10 (4 points) The following table shows the total output, number of workers employed, variable costs, and fixed costs of a firm Number of Workers 0 1 2 3 Total Output (units) 0 25 Variable Costs () 0 10 Fixed Costs (5) 150 150 150 SS 86 110 150 5 130 6 145 7 155 160 Suppose the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm? O...
Number of workers Units of output 150 Table 8.2 Refer to Table 8.2, which gives a...
Number of workers Units of output 150 Table 8.2 Refer to Table 8.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. Diminishing returns set in with the addition of the O A. sixth worker. O B. third worker. O C. fourth worker. OD. fifth worker
If total output is 40 units when 4 workers are employed and 48 units when 5 workers are employed, then: a average product is 10 units when 4 workers are employed. b. the marginal product of the 5th worker is 8 units. c. average product must be falling because the marginal product of the 5th worker is lower than the average product for 4 workers. all of the above are true.
Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 150 25 150 150 W 110 130 145 155 160 000 80 150 Refer to the table above. What is the firm's marginal cost when it produces 55 units of the good? 50.33 $0.50 $0.66 $0.75 • Previous
Number of Total Marginal Workers Output Product 300 500 600 650 4 1) Refer to the above table. Fill in the final column (4 points). 2) Refer to the above table. At which number of workers does diminishing marginal product begin? (3 points) A. 2 B. 1 C. 3 D. 4
Table 13-1 Number of Workers Total Output Marginal Product 140 6. Refer to Table 13-1. What is total output when 2 workers are hired? a. 15 b. 45 c. 75 d. 120 et de 7. Refer to Figure 13-2. If the figure represented production at a cookie factory, the factory would be experiencing a. diminishing marginal product of workers b. diminishing marginal cost of cookie production c. decreasing cost of cookie production d. decreasing output of cookies. Wose Jan started...
the answer is c 80 units can you explain how ? thanks
Table 13-3 Number of Workers Fixed Output Total Cost o 90 1170 $50 Variable Cost $O $20 $40 $50 550 650 $70 $90 Name: Class: Sample Exam II 540 5015805130 41. Refer to Table 13-3. The marginal product of the second worker is a. 90 units. b. 85 units. c. 80 units. d. 20 units.
Canvas → XCO The following table shows the total output, number of workers employed, variable costs, and fixed costs Number of Workers Total Output (units) Variable Costs ($) Fixed Costs ($) 25 150 150 150 150 an WN 130 145 150 150 150 150 150 155 160 Refer to the table above. What is the average fixed cost of producing 110 units of the good? $150 $1.72 $37.50 $1.36 • Previous
Table 13-7 2 Number of Workers Total Output 0 Marginal Product 40 85 125 35 30 215 Refer to Table 13-7. What is the marginal product of the third worker? a. 45 O b. 125 О с. 40 O d. 85
Table 13-7 2 Number of Workers Total Output 0 Marginal Product 40 85 125 35 30 215 Refer to Table 13-7. What is the marginal product of the third worker? a. 45 O b. 125 О с. 40 O...
Question 10 (4 points) The following table shows the total output, number of workers employed, variable costs, and fixed costs of a firm Number of Workers 0 1 2 3 Total Output (units) 0 25 Variable Costs () 0 10 Fixed Costs (5) 150 150 150 SS 86 110 150 5 130 6 145 7 155 160 Suppose the only variable input that the firm uses is labor. What is the wage paid to a worker in the firm? O...
Number of workers Units of output 150 Table 8.2 Refer to Table 8.2, which gives a firm's production function. Assume that all non-labor inputs are fixed. Diminishing returns set in with the addition of the O A. sixth worker. O B. third worker. O C. fourth worker. OD. fifth worker
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