Productivity isO A. the value of profit divided by the number of production workersO B. the value of output that a worker generates for each hour of workO C. an indicator of how hard workers apply themselves to their tasksO D. a measure of the speed with which inputs can be transformed into products.Productivity varies across countries becauseO A. human capital per worker varies substantially from country to countryO B. the quantity of physical capital that workers can access varies greatly across countriesO C. the level of technology differs across countriesO D. all of the above.O E. A andB only.

Hello, thank you for the question. Since there are multiple questions asked here, only the first…

Productivity is O A. the value of profit divided by the number of production workers O B. the value of output that a worker generafes for each hour of work O C. an indicator of how hard workers apply themselves to their tasks O D. a measure of the speed with which inputs can be transformed into products

Productivity is O A. the value of profit divided by the number of production workers O B. the value of output that a worker generafes for each hour of work O C. an indicator of how hard workers apply themselves to their tasks O D. a measure of the speed with which inputs can be transformed into products

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

6 Ahmed's PIzza House sells extra-large deluxe pizzas at OMR 9.000 per pizza. The cost of ingredients to make extra-large deluxe pizza is OMR 2.000. Ahmed pays each of his employees OMR 60 per day. He also incurs a fixed cost of OMR 120 per day, Calculate Ahmed's average fixed cost per day when he produces 50 extra-large deluxe pizzas using two workers? a. OMR 2.000 6 OMR 2.400 OMR 4.400 d OMR 6.800 TrC : AFCXOutut TEC. pat 524 5. C.
4
In the short run production function O a. All inputs are variable O b. All inputs are fixed O C. There are fixed and variable inputs Od. Technology alone is variable
Q28
Refer to the table to answer the question Output Tech 1 Tech 2 Tech 3 K K K 100 14 6 2 8. 15 3 if the firm is operating in a high wage country, where capital cost $150 per unit and labor cost $100 per worker, which technology minimize the production cost ? Select one O a. all O b. Technology 3 O c Technology 2
30 L* Output 0 10 20 30 40 50 60 70 100 The price of labour is $30 per unit and the price of capital is $60 per unit. The 30th unit of output adds $ 20 32 66 To produce 20 units of output the firm needs to hire 60 K* 12 26 To produce 70 units of output the firm needs to hire 52 to long-run total cost. The Long Run Average Cost of producing 50 units of output is $ The Long Run Total Cost of producing 60 units of output is $ LTC 1080 3060 units of labour. 8400 units of capital. LAC 72 97.5 LMC 36 114
not use ai please
B. the rodu g one m Average Variable Cost C. fixed costs divided by output D. total cost divided by output v Marginal Cost QUESTION 5 20 points Save Answer Match each of the following terms and descriptions Constant returns to scale when the average cost of producing each individual unit A. declines as total output increases Diseconomies of scale average cost of producing each individual item increases as В. output increases economies of scale average cost of producing each individual unit remains C. constant as output increases Long Run Average Total Cost Curve the relationship between output and costs over the life of a D. business Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit ype here to search W 63°F Ca ) ENG 8:10 PM 10/18/2021 hp
39
QUESTION 20 According to the law of diminishing return in short run O If we double all inputs, output will decrease by more than double O If we double all inputs, output will increase by less than double O If we double all inputs, output will increase by double O as we hire more labors, while other inputs are fixed, the marginal product of exah extra labor will decrease QUESTION 21 Which of the following statements is true? The marginal and average product curves intersect at the maximum level of output. O The marginal product curve always has a positive slope. O At every output level the marginal product curve lies above the average product curve. O The marginal product = average product curves when average product is at its maximum. Click Save and Submit to save and submit. Click Save All Answers to save all answers. DEL
The short run is defined as the period of time: Select one: O a. in which all inputs are fixed O b. in which at least one input is fixed O c. O d. none of the answers provided is correct in which no inputs are fixed
If a firm quadruples(4x) in size and output triples (3x), what is the returns to scale? O A Increasing returns to scale O B O с O D Constant returns to scale Decreasing returns to scale Cannot determine