EQuestion Paige runs bullfrog farm in Yuma, Arizona, Total product Labor Paige pays $600 a week...
Question 2 le sets out Sue's Surfboard's total product schedule. Labor (workers per week) Output (sur hoards per week) 10 100 170 190 200 (a) Calculate the average product of labor and draw the average product curve (b) Calculate the marginal product of labor and dratw the marginal product curve. (c) Suppose the local newspaper hires students to fold and bag newspapers for delivery and pays them $30 per shift. Five students can fold and bag 400 newspapers per shift....
The table shows the production function for snack cakes and labor. Assume fixed costs are $200/day and that one full time worker costs $80/day ($10x8hrs). Given this information, what is the total cost to produce 45 cases? (assume labor is your only variable cost) # of Workers Q of Snack Cakes TVC TFC TC MC 0 0 1 5 1.6 10 2 15 2.35 20 2.75 25 3.22 30 3.75 35 4.35 40 5 45 5.75 50 6.6 55 7.5...
Question 70 2.5 pts In the unemployment rate, part-time workers are: not included in the labor force. included in the labor force, but counted as unemployed. treated the same way as discouraged workers. included in the labor force and counted as employed. Question 69 2.5 pts Which of the following would be officially classified as unemployed? O a school administrator who has been working as a substitute teacher one day per week while looking for a full-time job in administration...
FISCAL POLICY IN THEORY: March, 2020: we are on the verge of Congress and the President passing legislation that will empower the federal government to spend an unprecedented amount of EXTRA money not seen since World War 2 ---- in order to address the pandemic but also to help cushion the blow financially of perhaps ten or twenty million Americans --- or more --- losing their jobs, and thus suffering a drop in income. The scale of the 2020 recession...