Lets assume this situation is real! Dissimliar to Lyft, where drivers have their own vehicles, Ebay delivery companies own the delivery trucks and hire drivers. Refer to the table below, what is the marginal product of the 4th delivery driver? Using the table, if the profit/delivery is $5, what is the value of the marginal product of the 2nd delivery driver? Using the information above, if the pay rate is $170/day, how many delivery drivers should the company hire?

Q: 4. What must the relationship between marginal productivities and input prices if a firm is not…

A: The additional output, return, or profit generated per unit by benefits from production inputs is…

Q: 8. Consider Meera's ice-cream shop with: Marginal Product of Capital: 6000 scoops/ice-cream maker…

A: The producer equilibrium is a situation where the combination of cost and production brings the…

Q: Labor (Number of workers) 0 1 2 3 4 5 Output Fixed Cost Variable Cost (Units) (Dollars) 0 100 180…

A: The additional output or productivity generated by employing one more unit of a specific input,…

Q: Number Of Output Workers 1 50 2. 110 3. 300 4 450 590 665 700 725 710 10 705 According to the above…

A: Diminishing returns is that point where Marginal output start decline as input level increases…

Q: 3150 8130 $100 200 8 adjoin 8 88 60 0 O Multiple Choice 250 375 Units of labor What is the marginal…

A: Marginal rate of technical substitution refers to the rate at which one input can be substituted for…

Q: P=$/Q 100 95 90 85 80 75 70 65 60 55 50 semenangso 45 40 35 30 25 20 15 D before stay at home order…

A: The mix of demand and supply influences pricing, production levels, and allocation of assets.…

Q: !

A: Given Information:

Q: QUESTION 6 When the marginal revenue product of labor (MRPL) is greater than the wage (W) then: O A…

A: The marginal revenue product of labor (MRPL) is the incremental revenue that is received by the firm…

Q: t an output level of 99, what is the cost minimizing combination of Labor and Kapital?      At an…

A: Cost minimization refers to the process of reducing the expenses incurred by a business to produce a…

Q: Q.1. Pak surgical makes masks and then sells them on door to door. Here is the relationship between…

A: a) Marginal product is the additional output that is produced From employing an additional unit of…

Q: Q No. 13 Write down the marginal productivety theory to determine rewards for factor of production?

A: The Marginal productivity theory is a fundamental concept in economics that helps explain how the…

Q: Suppose a campus restaurant increases the number of workers it hires from 3 workers per day to 11…

A: Given: Increase in the number of workers from 3 workers per day to 11 workers per day The total…

Q: Suppose that a delivery company currently uses one employee per vehicle to deliver packages. Each…

A: The marginal revenue productivity theory states that a profit maximizing firm will hire workers up…

Q: b. Whet would Paducah's profit-maximizing level of output be if the government imposed a tax of $10…

A: Since you have asked a question with multiple subparts, we will answer the first three sub-parts for…

Q: K- in the table, if the marginal factor cost is 1480, how many workers would be hired? OA 6 OB. 5…

A: Production function:Production is a function of land labor capital and entrepreneurship. It includes…

Q: Given the hourly costs: Machine-P60; Worker-P50 Each input has to work in integer hour Marginal…

A: We will use the marginal concept to find the optimal mix of machine hours and worker hours and then…

Q: Given the labor demand function (9)-/cq where I(q) is labor demanded, is the fixed cost of…

A: (A). The profits of the labor market will be maximized only by calculating derivatives of the given…

Q: 5. Cost Mininization 8000 Suppose a firm has the technology of F(K.L)-40LK Draw a graph of the…

A: Production function describes the technical relationship between the factors of production and the…

Q: 22) Refer to Figure 7.1. What is the marginal product of the 25th worker? Outout 50 40 30 22 20 25…

A: The marginal product:The marginal product (MP) is defined as the increase in the firm's total output…

Q: Briefly describe the significance of the system marginal price and explain why it varies with time.

A: The Variable Generation Cost of the most costly Generation Unit that would be sent to fulfill one…

Q: Paducah Slugger Company makes baseball bats out of lumber supplied to it by Acme Sporting Goods,…

A: (a) The completed table is given below: Q (bats per dayNumber of employeeTotal revenueTotal labor…

Q: What is the definition of Marginal Revenue Product? Give an example

A: Answer: Marginal revenue product (MRP): marginal revenue product refers to the additional revenue…

Q: Consider the following table, which shows the total number of customers served per hour as the…

A: Marginal product is the addition to a total product that happens due to the employment of an…

Q: 15. The firm's profit maximization problem is: max n = F(r, w)-rk-wL {r, w} a. maxx=rK + wL-F(K, L)…

A: Note:- My dear student,As per Bartleby guidelines I have done only one answering at a time, because…

Q: MI 6 P=$/Q 100 95 90 85 80 75 70 65 songs5050 60 45 40 35 30 25 20 15 10 D before stay at home order…

A: Diminishing Returns to Variable Input:Diminishing returns to variable input is a concept that arises…

Q: The table below gives the number of workers and their possible daily output for a company. The wage…

A: Marginal Product is the change in output due to one unit change in input or worker.  Marginal cost…

Q: Consider an entrepreneur who owns a firm which uses capital K and labor L, supplied at rental rater…

A: Production function : Yt  = A Ktα Ltβ Etγ Cost per unit capital = r  Cost per unit of labor = w…

Q: 2. Individual Problems 21-2 Planes frequently push back from the gate on time, but then wait 2 feet…

A: Given: To Find: In this scenario, who does not have an incentive to push back from the gate as…

Q: In theory - firms are suppose to hir labor up the the point where the marginal revenue product…

A: The production factor called labour is employed in the creation of goods and services. To produce…

Q: In the table above, what is output (Q) when L = 2? Select one: a. 55 b. 65 C. 50 d. 70

A: When labor is 2 , output will be = output at labor 1 + Marginal production = 30 + 50 = 70

Q: Q1. A colonial era firm was producing 50 basket and the selling price of each basket was $5. Find…

A: Given data: Output given, Q = 50 Price of the basket, P = $5 Total Revenue = ?

Q: Innovations in technology that cause an increase in the marginal product of a resource will:…

A: If marginal product i.e. marginal physical product of a resource goes up, that means, the yield of…

Q: This is not a graded module.  I need to be explained what it means.  I dont understand.

A: Answer: Introduction: The graph in the question shows the equilibrium condition of either monopoly,…

Q: d. If the firm's goal is to maximize the efficiency of its labor expenditures, which of the three…

A: The labor(L) cost(C) refers to the salary paid by the employer to its worker(L). The labor(L)…

Q: Frank's Fajitas can produce 45 fajitas per hour with five workers and one grill. One more worker…

A: Marginal cost is the additional cost incurred in order to produce an additional unit of output.

Q: If Al-quds firm has $ 800 to be spent on two factors of production, the price of labour PL = $ 10 ,…

A: Derive and draw the Iso-cost line  Answer: Iso cost line represents the different combinations of…

Q: Consider a manufacturing firm in a labor market that isperfectly competitive. There are two kinds of…

A: Marginal revenue:Marginal revenue is the additional unit that is added to the total revenue. It is…

Q: Use the following information to answer the question below: Study Hours Grade O1 2 O25 42 S57 69 4 6…

A: Marginal product is the change in total product due to additional unit of input. here two variables…

Q: 2. Individual Problems 21-2 Planes frequently push back from the gate on time, but then wait 2 feet…

A: What motivates the ordinary person to put in extra effort, aim higher, and succeed in their…

Q: The president of the local grape growers’association mentions to George that there islikely to be a…

A: In a marketplace, the labor union has a significant impact on the overall management and working of…

Q: High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: To maximize profit, a firm O A. uses the quantity of land at which the rental rate equals the value…

A: Marginal product is the change in total output produced by hiring an additional unit of worker.

Q: If hiring the 7th worker increases total product by 5 units, and the price of each unit is $2, which…

A: Marginal Cost Vs. Marginal Revenue: Or, MC Vs. MR MC is the extra cost of the firm when it hires…

Q: QUESTION 7 Consider the following information: Q = 12 L +31 K PL-37, PK-5, P=117 and C-3,274 What is…

A: Note: Since you have posted multiple questions, we will provide the solution only to the first…

Q: Use the information provided in the table below to answer the question that follows. Inputs Required…

A: Enterprise economics is the study and appraisal of business financial issues using abstract economic…

Q: The table below shows the short-run production function for Josh's Consulting Firm. Number of…

A: "Since you have posted a question with multiple subparts, we will solve the first three subparts for…