Efficiency of labour depends upon:(a) Skill(b) Physical strength(c) Training(d) All of the above

# in an economy the role of efficiency be it in the case of resources or labour is very important.…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A U.S. manufacturing company operating a subsidiary in an LDC (less-developed country) shows the following results: U.S. 90,000 20, 105 $19,550 (US) 63,000 Sales (units) Labor (hours) Raw materials (currency) Capital equipment (hours) (FC) Foreign Currency unit a. Calculate partial labor and capital productivity figures for the parent and subsidiary. (Round your answers to 2 decimal places.) This is a numeric cell, so please enter numbers only. Labor product Capital productivity LDC 20,010 15, 120 21,000 (FC) 5,120
Please show all steps to getting the answer and Not given handwriting. Thanks!
Quantity of Labor Total Product Total Revenue 1 4 $ 18 2 8 36 3 11 50 4 13 59 5 14 63 Refer to the given data. This firm's product price is A) $4.5. B) $4.25. C) $4.8. D) $18. Please explain/show your work, thank you! Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Every year, there is some form of construction work going on at UF's campus. In January 2018, bids were opened for a new building on campus for UFPD. The bid/construction value of the building was set at $5 Million. Another building of similar structure and purpose is planned with a bid opening in January 2023. What is the expected bid for the new building? It is given that in January 2000, the Florida Construction Cost Index had a value of 5550, while in January 2018, that value was 8000. You can use these price indices to calculate an average inflation in construction costs.
Bags/Participants Fixed Cost Variable Cost Total Cost 0 $1,700 $ - $1,700 100 $1,700 $500 $2,200 200 $1,700 $1,200 $2,900 300 $1,700 $2,700 $4,400 400 $1,700 $5,200 $6,900 500 $1,700 $9,000 $10,700 600 $1,700 $15,000 $16,700 700 $1,700 $23,800 $25,500 800 $1,700 $36,800 $38,500 900 $1,700 $55,800 $57,500 1,000 $1,700 $83,000 $84,700 Given the above information on cost, if you charge $15 per entry, what is the breakeven quantity of bags that you should order? At what quantity of bags will profits be maximized? A Use the profit maximizing rule, MR ≥ MC, buy 300 bags. B Use the profit maximizing rule, MR ≥ MC, buy 200 bags. C Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 300. D Use Qb = F/(MR-AVC) where Qb is the breakeven quantity to be determined, the optimal quantity of bags is 200.
If labor productivity in a steel mine is 3.5 tons per worker, then 400 steel workers with a fixed amount of capital produce Group of answer choices 4,000 tons. 87.5 tons. 1,400 tons. 1,750 tons
Please see attachment and table given in it .n solve part b asap within 40min. Will give you multiple upvotes only for the correct answer. Thank you
Based on the graph below, how much is the marginal product of labour of the sixth worker, if Q5=67 units per period and Q6=88. Q in Units/period Q6 Q5 6. Lin Workers/period Ca15 units per peciod

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Efficiency of labour depends upon: (a) Skill (b) Physical strength (c) Training (d) All of the above