20 15 P. TP 10 b 3 6. Labor (workers per day) In the above figure, the marginal product of labor is zero at point اختر أحد الخيارات .a, f O .b. e O .C. a O .d. c O Output (units per day) 2.
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- Decent Donuts Total product dozens of donuts per) Labor (workers) (day 0. 12 26 2 44 3. 64 4 86 110 122 125 8. 127 9. 128 10 Using the table above, for which of the following levels of employment does the average product of labor ?exceed the marginal product of labor at Decent Donuts اختر أحد الخيارات a. neither of the above b. both of the above c. ten workers O d. seven workers OQ24. The following table gives the marginal product schedule of labour. It is also given that the total product of labour is zero at zero level of employment. Calculate the total and average product schedules of labour. L (units) MP (units) 1 3 5 6. 3575 31estion Quantity of Labor Output (units) 1 80 170 240 4. 300 350 6. 390 420 Refer to the table above. The marginal product of the fourth unit of labor is 75 Oa. О. 15 60 Oc. d. 300 2.
- Suppose P = $144, MPL = 39, and APL = 26, MPK = 72, and APK = 45. What is the value marginal product of labor (AKA marginal revenue product of labor)? $ What is the value marginal product of capital (AKA marginal revenue product of caplital? $Kevin, a worker in Volcania, can produce 182 baskets of Peaches in a(n) 11-hour shift. Calculate Kevin's labor productivity. basket/hourAssume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be paid $9, the third $12, and so on). The marginal revenue product of labor is given in the table below. Marginal Revenue Product Units of Labor 1 $30 24 3 18 es 4 15 12 10 a. Draw the firm's labor supply and marginal resource cost curves. Instructions: (1) Use the tool provided 'Ls' to draw the labor supply curve (plot 6 points total). (2) Then use the tool provided 'MRP' to draw the marginal revenue product curve (plot 6 points total). (3) Finally, use the tool provided 'MRC' to draw the marginal resource cost curve (plot 6 points total). To earn full credit for this graph, you must plot all required points for each curve.
- Fill in the blanks to complete the Marginal Product of Labor column for each worker. Labor Output Marginal Product of Labor (Number of workers) (Pizzas) (Pizzas) 1 70 2 120 3 160 4 190 200why is 1-l1 hours worked and not just l1 as it states in the questionLabo r (wor kers) 0 1 2 3 4 5 Total product (units) 0 14 19 Marginal product 3 3 Ave rage prod uct 4.5 The above (incomplete) table provides information about the relationships between labor and various product measures. The provided information should be enough to recover the missing information in the table. Fill in the blank with the correct numbers for the Total Product Column and the Marginal Product Column. After completing the table, you find that the amount of labor that maximizes the marginal product of labor is units of labor. Without calculating the Average Product, just use what we learned in class about the relationship between MP and AP, the average product of the fourth unit of labor should be (>,=, or <) the marginal product of the fourth unit of labor.
- A company produces children's toys. The manager noticed the connection between the number of employed workers and the quantity of toys produced per month, which are presented in the table of following: a) In what period is this firm operating? Why? b) What is the average product when 5 workers are employed? c) What is the marginal product when 7 workers are employed? What does this value mean? d) Does the law of declining marginal income apply? If yes to which worker? e) In this production function do we have total declining revenues? If so, which worker happens? f) Graph the curves of total product (TP), marginal product (MP) and product average (AP).Output Labor (units per day) (workers per day) 10 1 15 18 3 20 4 21 Cindy's Sweaters' production function is shown in the above table. Cindy rents two knitting machines for $30 a day each and hires workers at a wage rate of $40 a day. If Cindy produces 18 sweaters per day, what is her ?total cost اختر أحد الخيارات a. $140 b. $60 O C. $120 d. $180 OSuppose that a shoe manufacturer that employs 6 workers is able to increase the average product of labour from 5 pairs of shoes per hour to 6 pairs of shoes per hour by hiring a seventh worker. What will the seventh worker's hourly marginal product be?
