Farmer Stella has a crop of hemp to be harvested. Picking the crop requires a fixed number of sacks and a variable number of workers. Table 1 represents the output associated with different numbers of workers. Complete Table 1. (Type your responses in the boxes indicated by the faint outline with broken-border lines. ) Table 1 Number of 1 workers 3 Total output 18 38 69 120 155 Marginal Product No fill

Farmer Stella has a crop of hemp to be harvested. Picking the crop requires a fixed number of sacks and a variable number of workers. Table 1 represents the output associated with different numbers of workers. Complete Table 1. (Type your responses in the boxes indicated by the faint outline with broken-border lines. ) Table 1 Number of 1 workers 3 Total output 18 38 69 120 155 Marginal Product No fill

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Refer to the table below. The average product when three workers are employed is: Number of workers Total output 1 3 2 8 3 15 4 21 5 26 6 28 7 29 8 29 9 27 A). 3. B). 4. C). 5. D). 6.
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QUESTION 18 Use the information provided in Table 7.2 below to answer the question(s) that follow. Table 7.2 Inputs Required to Produce a Product Using Alternative Technologies Technology Units of Capital Number of Employees 16 8 12 8 6 ABCD 6222 12 20 24 Refer to Table 7.2. Which technology is the most labor intensive? A
Only typed answer and please don't use chatgpt 11) Marginal product is: A) total product divided by the number of workers employed. B) the increase in total cost attributable to the employment of one more worker. C) the increase in total revenue attributable to the employment of one more worker. D) the increase in total output attributable to the employment of one more worker.
2. Given the following labor data of Meow Company. (1) Number of workers, (2) Number of cakes baked, Y (3) Marginal product of labor, MPN (4) Marginal revenue product of labor, MRPN (when P = RM40) 1 33 55 60 4 77 5 85 6. 89 7 110 a) Calculate and fill in the yellow colored blanks in the above table. (8 marks) b) What can you conclude from your answer? (2 marks)
The data in the table below represents Total product (TP), for an agri-business involved in potato production. Саpital (fixed factor) Labor Marginal physical product (MPPL) Оutput(units) Average physical product (АPPL) (variable factor) or Total physical product (TPP1) 10 10 1 7 10 2 20 10 3 39 10 4 55 10 66 10 6 70 10 7 70 10 8 67 (i) Calculate the marginal product and average product value. (ii) At what point do diminishing marginal returns set in? And using the values of AP and MP obtained from part (i), plot the graphs of TP, AP and MP being careful to fully label the graph and explain briefly the law of diminishing marginal returns from your computation. (iii) How does the hypothesis of diminishing returns (MP& AP) influence the behaviour of costs (MC& AC)?
Microeconomics
1. Complete the Table: Capital (K) 1 1 1 1 1 1 1 Labor (L) Total Product (TP) 10 1 2 3 4 5 6 7 8 9 10 22 37 ? 58 64 ? 67 64 ? Average Product (AP) 10 ? 12.33 12.25 ? 10.67 9.57 8.38 ? 5.8 Marginal Product (MP) 10 12 ? 12 9 ? 3 ? -3 -6
Tass ass Activity Number of Workers 1 2 3 4 5 6 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2 Last summer Daniel started the Custom Made Pot Company, which specializes in earthenware pots. The number of pots produced daily varies with the number of workers he employs as shown in Table A given below: 110 100 TP Table A 10 80 180 240 280 294 MP AP Saved 52Fnewconnect.mhe a) Fill in the marginal and the average product of labour columns in Table A given above. b) On Graph A given below, plot the average and the marginal product curves. Plot all the points of MP and AP using the tool MP and AP. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. E Graph A Tools
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[Item-1] Instruction: (refer to the photo below) Kindly answer the question given and provide correct and complete solution. I will dislike your solution if it is incomplete and wrong answer.