Homework Answers
Answer 1 : The formula for calculating labour and multifactor productivity are as follows :
- Labour productivity = Units of output /Units of Labour (in Dollars)
- Multi-factor productivity = Units of output /Units of Labour (in Dollars)+Units of Capital (in Dollars)
The given statement is absolutely correct because the denominator will increase due to other factors being added whereas the numerator remains the same leading to a reduction in productivity value.
Conclusion : The given statement is True .
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If all factor input are measured in dollars, the multi-factor productivity of a system will never...
1. 2. A company that makes shopping carts for supermarkets and other stores recently purchased some...
1.
2.
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who together produced an average of 90 carts per hour. Workers receive $16 per hour, and machine cost was $30 per hour. With the new equipment, it was possible to transfer one of the workers to another...
1)A linear cost function is C(x) = 6x + 450. (Assume C is measured in dollars.)...
1)A linear cost function is C(x) = 6x + 450. (Assume C is measured in dollars.) (a) What are the slope and the C-intercept? slope C-intercept (b) What is the marginal cost MC ? MC= What does the marginal cost mean? Each additional unit produced costs this much (in dollars). If production is increased by this many units, the cost decreases by $1. Each additional unit produced reduces the cost by this much (in dollars). If production is increased...
d. firms act to maximize revenue c. both households and firms act to minimize expenditures 8...
d. firms act to maximize revenue c. both households and firms act to minimize expenditures 8 Mark and Charles are roommates at college. Each has written a 25-page tertn Each has written a 25-page term paper for the same English class. They are equally poor typists, Charles types his own the basis of the information given, which one of the following must be truc. a. Mark is wealthier than Charles. b. Mark needs more time to study than Charles. c....
Question 1 A hash function takes a ____________ length input and returns a _________ length output...
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17) Assume that labor is the only factor of production and that wages in the U...
17) Assume that labor is the only factor of production and that wages in the U hour while wages in Japan s the only factor of production and that wages in the United States equal $20 per UUE WHITE wages in Japan are S10 per hour. Protein costs would be lower in the United St compared to Japan if A) U.S. labor productivity equaled 40 units per hour and Japan's 15 units per mon B) U.S. Tabor productivity equaled 30...
·20) |19) 118) 117) 116) 115) Question 1.(20 points, I point each. Put answers into the...
·20) |19) 118) 117) 116) 115) Question 1.(20 points, I point each. Put answers into the above table) 13)一114) 2)- ) S-bit signed binary data can represent the decimal values from 0 to 256 2) 10111 is the two's complement representation of b. False a. True a. -23 b.-9 c.-7 d. +22 e.+7 3) 01110 is the two's complement representation of a.-13 b.-15 c.-9 d.+14 e.+18 a.A. b, B, c.A+B d, B c, (AB). a. Trueb. False a. True a....
I just need part 1 answered!! 1. Two firms compete in price in a market for...
I
just need part 1 answered!!
1. Two firms compete in price in a market for infinite periods. In this market, there are N consumers; each buys one unit per period if the price does not exceed $10 and nothing otherwise. Consumers buy from the firm selling at a lower price. In case both firms charge the same price, assume consumers buy from each firm. Assume zero production cost for both firms. A possible strategy that may support the collusive...
2. trade surplus 3. import quota 4. intra-industry trade 5. factor intensity 6. producer surplus II....
2. trade surplus 3. import quota 4. intra-industry trade 5. factor intensity 6. producer surplus II. TRUE OR FALSE? (20%) 1, A production possibilities frontier graphically represents the maximum output of a country when the supply of resources and technology are constant.() 2. Absolute advantage theory shows that two nations could both gain from trade by exporting products in which their labor productivity was higher than that of the other nation. () 3, Mercantilists believed that each nation should try...
Below are the cash receipts in dollars for ice cream vendors at two locations at a city beach: 6.10 North 290.15 183.75 205.35 193.86 256.89 201.15 207.99 299.23 235.18 South 188.86 202.45 215.35 18...
Below are the cash receipts in dollars for ice cream vendors at two locations at a city beach: 6.10 North 290.15 183.75 205.35 193.86 256.89 201.15 207.99 299.23 235.18 South 188.86 202.45 215.35 180.77 200.45 205.65 157.84 295.46 201.35 Assuming the differences of daily receipts are independent, test the hypothesis that cash receipts for the north location are usually greater than for the south location against the null hypothesis that the median difference is 0. Use the sign test at...
Please answer all of the questions, thank you!! Mooney Equipment is putting together its cash budget...
Please answer all of the
questions, thank you!!
Mooney Equipment is putting together its cash budget for the following year and has forecasted expected cash collections over the next five quarters (one year plus the first quarter of the next year). The cash collection estimates are based on sales projections and expected collection of receivables. The sales and cash collection estimates are shown in the following table (in millions of dollars): Q1 Q2 Q3 Q4 Q5 Sales $1,210 $1,510 1,560...
1.
2.
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the labor content of the jobs needed to produce the shopping carts. Prior to buying the new equipment, the company used 6 workers, who together produced an average of 90 carts per hour. Workers receive $16 per hour, and machine cost was $30 per hour. With the new equipment, it was possible to transfer one of the workers to another...
d. firms act to maximize revenue c. both households and firms act to minimize expenditures 8 Mark and Charles are roommates at college. Each has written a 25-page tertn Each has written a 25-page term paper for the same English class. They are equally poor typists, Charles types his own the basis of the information given, which one of the following must be truc. a. Mark is wealthier than Charles. b. Mark needs more time to study than Charles. c....
17) Assume that labor is the only factor of production and that wages in the U hour while wages in Japan s the only factor of production and that wages in the United States equal $20 per UUE WHITE wages in Japan are S10 per hour. Protein costs would be lower in the United St compared to Japan if A) U.S. labor productivity equaled 40 units per hour and Japan's 15 units per mon B) U.S. Tabor productivity equaled 30...
·20) |19) 118) 117) 116) 115) Question 1.(20 points, I point each. Put answers into the above table) 13)一114) 2)- ) S-bit signed binary data can represent the decimal values from 0 to 256 2) 10111 is the two's complement representation of b. False a. True a. -23 b.-9 c.-7 d. +22 e.+7 3) 01110 is the two's complement representation of a.-13 b.-15 c.-9 d.+14 e.+18 a.A. b, B, c.A+B d, B c, (AB). a. Trueb. False a. True a....
I
just need part 1 answered!!
1. Two firms compete in price in a market for infinite periods. In this market, there are N consumers; each buys one unit per period if the price does not exceed $10 and nothing otherwise. Consumers buy from the firm selling at a lower price. In case both firms charge the same price, assume consumers buy from each firm. Assume zero production cost for both firms. A possible strategy that may support the collusive...
2. trade surplus 3. import quota 4. intra-industry trade 5. factor intensity 6. producer surplus II. TRUE OR FALSE? (20%) 1, A production possibilities frontier graphically represents the maximum output of a country when the supply of resources and technology are constant.() 2. Absolute advantage theory shows that two nations could both gain from trade by exporting products in which their labor productivity was higher than that of the other nation. () 3, Mercantilists believed that each nation should try...
Below are the cash receipts in dollars for ice cream vendors at two locations at a city beach: 6.10 North 290.15 183.75 205.35 193.86 256.89 201.15 207.99 299.23 235.18 South 188.86 202.45 215.35 180.77 200.45 205.65 157.84 295.46 201.35 Assuming the differences of daily receipts are independent, test the hypothesis that cash receipts for the north location are usually greater than for the south location against the null hypothesis that the median difference is 0. Use the sign test at...
Please answer all of the
questions, thank you!!
Mooney Equipment is putting together its cash budget for the following year and has forecasted expected cash collections over the next five quarters (one year plus the first quarter of the next year). The cash collection estimates are based on sales projections and expected collection of receivables. The sales and cash collection estimates are shown in the following table (in millions of dollars): Q1 Q2 Q3 Q4 Q5 Sales $1,210 $1,510 1,560...
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