QUESTION 22
A firm can produce 450 gallons of milk per day with 4 workers and 500 gallons per day with 5 workers. The marginal product of the fifth worker expressed in gallons per worker per day, is:
35. |
||
50. |
||
70. |
||
350. |
2.5 points
QUESTION 23
Workers | Pizzas |
0 | 0 |
1 | 4 |
2 | 10 |
3 | 15 |
4 | 18 |
5 | 19 |
4. |
||
10. |
||
14. |
||
6. |
||
15. |
2.5 points
QUESTION 24
Workers | Pizzas |
0 | 0 |
1 | 4 |
2 | 10 |
3 | 15 |
4 | 18 |
5 | 19 |
4. |
||
18. |
||
19. |
||
3. |
||
1. |
2.5 points
QUESTION 25
Pizzas |
Fixed Cost |
Variable Cost |
Total Cost |
Marginal Cost |
0 | $ | $ | $ | $ |
1 | 5 | |||
2 | 13 | |||
3 | 10 | |||
4 | 100 | 140 | ||
5 | 20 | |||
6 | 85 | |||
7 | 215 | |||
$10. |
||
$15. |
||
$20. |
||
$25. |
||
$85. |
2.5 points
QUESTION 26
Pizzas |
Fixed Cost |
Variable Cost |
Total Cost |
0 | $ | $ | $ |
1 | 48 | ||
2 | 17 | ||
3 | 27 | ||
4 | 78 | ||
5 | 40 | ||
6 | 64 | ||
7 | 80 | ||
$10. |
||
$9.50. |
||
$19.50. |
||
$40. |
||
$78. |
2.5 points
QUESTION 27
Pizzas |
Fixed Cost |
Variable Cost |
Total Cost |
0 | $ | $ | $ |
1 | 48 | ||
2 | 17 | ||
3 | 27 | ||
4 | 78 | ||
5 | 40 | ||
6 | 64 | ||
7 | 80 | ||
$10. |
||
$9.50. |
||
$19.50. |
||
$40. |
||
$78. |
2.5 points
QUESTION 28
Pizzas |
Fixed Cost |
Variable Cost |
Total Cost |
0 | $ | $ | $ |
1 | 48 | ||
2 | 17 | ||
3 | 27 | ||
4 | 78 | ||
5 | 40 | ||
6 | 64 | ||
7 | 80 | ||
$10. |
||
$9.50. |
||
$19.50. |
||
$40. |
||
$78. |
Ans.22- 50
Marginal product of fifth worker= 500-450= 50
Ans.23- 6 (10-4 = 6)
Ans.24- 1 (19-18=1)
Ans.25- 25
Ans.26- 10
AFC = 40/4 = 10.
QUESTION 22 A firm can produce 450 gallons of milk per day with 4 workers and...
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