Underground Sandwiches, a sandwich shop, has the following marginal physical product curve (labeled MPPMPP) for its...
Underground Sandwiches, a sandwich shop, has the following marginal physical product curve (labeled MPPMPP) for its hourly production.
AP01234520181614121086420MPP and AP (Sandwiches per hour)QUANTITY OF LABORMPP
When labor increases from two to three workers, total product increases by per hour.
Use the orange points (square symbol) to plot the total physical product curve (TPP) on the following graph. Line segments will automatically connect the points. Assume that if there are no workers, Underground Sandwiches does not have any output, so your first point should be (0,0). Be sure to plot from left to right.
TPP01234560544842363024181260TOTAL PHYSICAL PRODUCT (Sandwiches per hour)QUANTITY OF LABOR
On the graph showing the marginal physical product curve (MPP), use the purple points (diamond symbol) to plot the average product curve (AP) at one, two, three, four, and five workers. Line segments will connect the points automatically. Be sure to plot from left to right.
The marginal physical product curve (MPPMPP) and average product curve (APAP) always intersect at the of the curve.
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Underground Sandwiches, a sandwich shop, has the following
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3. The firm's demand for a resource and marginal revenue
product
Gopher Excavators produces shovels in a small factory and sells
the shovels in a competitive market. The following table shows the
company's production function:
Labor
Output
(Number of workers)
(Shovels)
0
0
1
90
2
175
3
245
4
300
5
325
Use the blue points (circle symbol) to plot the production
function for Gopher Excavators on the following graph.
Production Function01234540036032028024020016012080400OUTPUT
(Shovels)LABOR (Number of workers)
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PLEASE ANSWER QUESTIONS CAREFULLY & ANSWERS MUST BE CLEAR TO READ! THANKS! 5. Total, average, and...
PLEASE ANSWER QUESTIONS CAREFULLY & ANSWERS MUST BE CLEAR TO
READ! THANKS!
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3. The firm's demand for a resource and marginal revenue
product
Gopher Excavators produces shovels in a small factory and sells
the shovels in a competitive market. The following table shows the
company's production function:
Labor
Output
(Number of workers)
(Shovels)
0
0
1
90
2
175
3
245
4
300
5
325
Use the blue points (circle symbol) to plot the production
function for Gopher Excavators on the following graph.
Production Function01234540036032028024020016012080400OUTPUT
(Shovels)LABOR (Number of workers)
Calculate the marginal...
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PLEASE ANSWER QUESTIONS CAREFULLY & ANSWERS MUST BE CLEAR TO
READ! THANKS!
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