Number of Workers |
Mushrooms per Day (pounds) |
1 |
12 |
2 |
30 |
3 |
45 |
4 |
50 |
5 |
54 |
6 |
56 |
The table above shows the technology of production at the Matsuko's Mushroom Farm for the month of May.
Number of Workers Mushrooms per Day (pounds) 1 12 2 30 3 45 4 50 5...
Handwrite in text plz not in pic since its hard to read from and plz dont copy answers that were answered before least 2-3 paragraphs 1. Suppose Jill Johnson operates her pizza restaurant in a building she owns in the center of the city. Similar buildings in the neighborhood rent for $4000 per month. Jill is considering selling her building and renting space in the suburbs for $3000 per month, but she decides not to make the move. She reasons:...
#4 4. Apples are harvested by hand. Two workers and of apples per day. There is NO substitution between worker workers and one ladder are required to pick 100 pounds in Between workers and ladders. Graph the isoquants for 200, 400 and 600 pounds of apples per a . What is the marginal rate of technical substitution between labor tween labor and capital? -2 4 6 8 10 12 14 16 18 20 - 5. What is the difference between...
SECTION# NAME PRINT LAST NAME, FIRST NAME Suppose 9 workers can repair 36 television sets per day. If a tenth worker is hired and the each worker repairs, on average, 4 T.V. sets per day when nine workers are hired average product must be rising because the marginal product of the tenth worker 6. total number of repaired T.V. sets increases to 39, then: a. the marginal product of the tenth worker is 3.9 T.V, sets b. is greater than...
Labor Total product (workers) (wands per day) 0 0 1 10 25 3 45 4 60 5 70 The table above shows Randy's Wands' short-run production function. Randy hires workers at a wage rate of $120 a day and his total fixed cost is $400/day. a) What is the marginal product of the 3rd worker? b) What is Randy's average fixed cost if 25 wands are produced? What is Randy's average variable cost if 60 wands are produced? c) d)...
The table below shows the daily production of sweatshirts at the CoolPrintz Screenprinting firm. Diminishing marginal returns to labor set in after the worker is hired. Workers Output 12 30 45 50 54 56 56 54 4 6 7 A. 2nd B. 3rd C. 5th D. 8th
The data below show the relationship between number of workers hired and cost and revenue for a small competite farm in Alberta. a.) Calculate the marginal product of labour (MPL), value of marginal product of labour (VMPL), and marginal profit (MP) when the farm hires 1st, 2nd, 3rd, and 4th workers. b) If the farm decides to maximize its profit, how many workers will hire? Explain. c.) At what point do diminishing returns set in for the farm? Explain. d.)...
Question 1 1 pts Labor Total product Marginal (workers per day) (units per day) product 2 8 12 3 5 In the above table, the marginal product of the second worker is 3 5 Oo oo Question 2 1 pts Labor Total product |(workers per day) (units per day) 0 0 2 Marginal product 0 2 8 3 12 T In the above table, the total product that can be produced with four workers is O 16 Ο Ο Ο...
Exhibit 6-1 Production of pizza data Workers Pizzas 0 0 1 4 2 10 3 15 4 18 5 19 Exhibit 6-1 shows the change in the short-run production of pizzas as more workers are hired. The table shows the marginal product of the labor input is decreasing with the hiring of the third worker. A possible reason for this diminishing marginal product is: a. increased division of labor as additional workers are hired. b. increases in plant size. c....
Question 18 (1 point) Number of Workers 0 1 2 3 4 5 6 Number of Windows Produced Per Day 0 15 45 1290 135 165 180 The above table shows the total number of windows a window manufacture can produce each day if it hires a certain number of workers. What is the marginal product of the 5th worker? 165 windows per day 15 windows per day 30 windows per day 45 windows per day 29 A)
Labor Total product (workers) (wands per day) The table above shows Randy's Wands' short-run production function. Randy hires workers at a wage rate of $120 a day and his total fixed cost is $400/day. a) What is the marginal product of the 3rd worker? b) What is Randy's average fixed cost if 25 wands are produced? c) What is Randy's average variable cost if 60 wands are produced? d) What is Randy's marginal cost of producing the 35th wand? e)...