Homework Answers
Total product of second worker is 85 units and the total product of third worker is 125 units. This indicates that when the third worker is hired the total product is increased by 40 units. This increase in total product is measured by the marginal product of labour. Therefore the marginal product of third worker is 40 units
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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 13-1 Number of Workers Total Output Marginal Product 0 0 -- 1 30 2 40...
Table 13-1 Number of Workers Total Output Marginal Product 0 0 -- 1 30 2 40 3 50 4 40 5 30 Refer to Table 13-1. What is total output when 5 workers are hired? Group of answer choices 160 -10 190 120
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...
Table 13-2 Number of Total Marginal Workers Output Product 300 500 600 1650 Refer to Table...
Table 13-2 Number of Total Marginal Workers Output Product 300 500 600 1650 Refer to Table 13-2. What is the marginal product of the second worker? O 300 units. 50 units. 100 units. 200 units.
Question 17 (1 point) Table 13-1 Number of Workers Total Output Marginal Product x Refer to...
Question 17 (1 point) Table 13-1 Number of Workers Total Output Marginal Product x Refer to Table 13-1. What is total output when 5 workers are hired? O b) 185 O O c) 10 O O O d) 225
Number of Workers Output Marginal Product of Labor Value of Marginal Product of Labor 0 0...
Number of Workers Output Marginal Product of Labor Value of Marginal Product of Labor 0 0 ----------------------------------- ------------------------------------------------- 1 79 2 88 $1000 3 46 4 198 5 210 6 222 Refer to the table above. What is the marginal product of the 4th worker?
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
Use the following to answer questions # 3-4 Number of workers Total Units of output 40...
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
Table B Number of Workers 0 1 2 Output Fixed Cost O $50 90 $50 170...
Table B Number of Workers 0 1 2 Output Fixed Cost O $50 90 $50 170 $50 230 $50 240 $50 Variable Cost $0 $20 $40 $60 $80 Total Cost $50 $70 $90 $110 $130 Refer to Table B. At which number of workers does diminishing marginal product begin? 1 O2 03 04
17. Refer to Table 13-2. At which number of workers does diminishing marginal product begin? ooo...
17. Refer to Table 13-2. At which number of workers does diminishing marginal product begin? ooo Table 13-2 Number of Workers Output 0 1 2 3 50 110 180 260 330 14. Assume a certain firm regards the number of workers it employs as variable, and that it regards the size of its factory as fixed. This assumption is often realistic a. in the short run, but not in the long run. b. in the long run, but not in...
Table: Profit Maximization 1 Quantity Produced Revenue Total Total Costs 0 20 35 45 50 10...
Table: Profit Maximization 1 Quantity Produced Revenue Total Total Costs 0 20 35 45 50 10 20 30 40 Reference Ret 114 (Table: Profit Maximization) The table represents the total revenues and total costs of a local sub shop. Based on table, what is the marginal revenue generated from producing the second sub? the Select one: O a. $15 O b. $S О с.$35 O d.$10
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...
Table 13-2 Number of Total Marginal Workers Output Product 300 500 600 1650 Refer to Table 13-2. What is the marginal product of the second worker? O 300 units. 50 units. 100 units. 200 units.
Question 17 (1 point) Table 13-1 Number of Workers Total Output Marginal Product x Refer to Table 13-1. What is total output when 5 workers are hired? O b) 185 O O c) 10 O O O d) 225
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
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
Table B Number of Workers 0 1 2 Output Fixed Cost O $50 90 $50 170 $50 230 $50 240 $50 Variable Cost $0 $20 $40 $60 $80 Total Cost $50 $70 $90 $110 $130 Refer to Table B. At which number of workers does diminishing marginal product begin? 1 O2 03 04
17. Refer to Table 13-2. At which number of workers does diminishing marginal product begin? ooo Table 13-2 Number of Workers Output 0 1 2 3 50 110 180 260 330 14. Assume a certain firm regards the number of workers it employs as variable, and that it regards the size of its factory as fixed. This assumption is often realistic a. in the short run, but not in the long run. b. in the long run, but not in...
Table: Profit Maximization 1 Quantity Produced Revenue Total Total Costs 0 20 35 45 50 10 20 30 40 Reference Ret 114 (Table: Profit Maximization) The table represents the total revenues and total costs of a local sub shop. Based on table, what is the marginal revenue generated from producing the second sub? the Select one: O a. $15 O b. $S О с.$35 O d.$10
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