The change in ourtput or total product the business would achieve in the current period byexpanding the usė of an input by another unit is: O The Marginal physical product (b) Thie Total physicał product (0) The Average pbysical product (d) The Marginal valuè product,

Q: When the average product is increasing, marginal product: a. equals average product b. is…

A: Average product (AP) is the output produced per unit of input (labor, capital, etc.) used. It is…

Q: rease in average

A: Economies of scale are the cost advantages being reaped by companies when production in turn becomes…

Q: Calculate average product and marginal product for the information provided in the table. Input of…

A:

Q: When the average output reaches its highest level, the average output is . A. is greater than…

A: Average product refers to the output obtained from the per unit of inputs of variable factors. The…

Q: Which of the following is not possible? When the total product is decreasing, marginal product is…

A: Total product is the summation of the all product produce with the help of factors of production.…

Q: what is the main difference between average physical and marginal physical product?  describe the…

A: Q) what is the main difference between average physical and marginal physical product? APP means the…

Q: xplain the relationship between total product, marginal product, and average product. How does the…

A: Microeconomics is a branch of economics that deals with the behavior, consumption, and allocation…

Q: With the data provided in the following table it is requested: (a) Calculate the marginal product…

A: Total Product (TP): Total Product (TP) refers to the total output or quantity of goods produced by…

Q: When the marginal product of labor equals the average product of labor, then a.the mar d. c. the…

A: Average product refers to total product per unit of labour. Marginal product refers to change in…

Q: Inpúts of Labor Marginal Product Average Product Total Product 15 2 34 3 51 4. 64 75 6. 84 91

A: Total Production - is the production done by producer by using all resources  Marginal Production-…

Q: Given the following production function, complete the missing values. Labour Quantity of chicken per…

A: Total Production refers that total production by using the given factor and the average production…

Q: Question 2 If the slope of the total productivity line is decreasing as output increases, what…

A: Marginal product states that change in output due to an additional unit of input like labour. On the…

Q: Marginal product curve, mathematically is the slope of which curve?

A: # Marginal product is referred to be as the change in total inputs used divided by the change in…

Q: (A) (B) (C) (D) A B Which graph in the above figure represents the isoquants where, as the amount of…

A: The labor market alludes to the supply of and demand for labor, in which employees give the supply…

Q: (a) What is meant by a firm's expansion path? (b) Name and explain the curve that can be produced…

A: Expansion path could be a graph which shows how a firm's cost minimizing input mix changes because…

Q: 2-If you have the following production function Q=f( L,K), answer the following : 1. is this…

A: Note:- Since we can only answer up to three subparts, we'll answer first three. Please repost the…

Q: Use the diagram below to answer the question. Capital 160 140 120 100 8 60 40 20 B U To D Isoquant…

A: Labor Capital Ratio (L/K) is a measure of amount of labor employed to every unit of capital employed…

Q: The table shows total production of a firm. If units of labour (L) increase, find below.…

A: We use the following formulas, Marginal product = Current total product - Previous total product…

Q: FIRM X SPENT $100m to upgrade its equipment last year. this year, the amount represents: a. An…

A: Taking definition of each statement An accounting cost : its cost of operating a business it…

Q: 1. Show and explain the relationship between total product, average product and marginal product.

A: Average Product (AP)= Total Product (TP)/ Labour (L). It denotes the addition of variable factor to…

Q: 19. Fill in the blanks in the accompanying table shown at the bot- tom of the page and answer the…

A: We have used the following formulae: Marginal product= Change in total product/Change in variable…

Q: Define the term the cost of capital?

A: The cost of capital is a very important term for the term for investors and a company which is the…

Q: Which of the FF. statements is correct about the diminishing returns to labor? A. The diminishing…

A: When labor is employed in the production process, it gives returns in terms of production of output…

Q: In the production process, both the average product and marginal product of the variable input rise…

A: In the production process, both the average product and marginal product of the variable input rise…

Q: The teohnically efficient combiaation of two products a business cän produce in the current period…

A: Economics is a social science that describes human behavior regarding their unlimited wants in terms…

Q: Describe three stages of the returns to the scale

A: According to the given question The return to scale refers to the response of the total output of…

Q: 1) Describe the factors of production.

A: Factors of production are necessary for producing the goods and services, the different factors of…

Q: When the marginal product of labor equals the average product of labor, then a. the marginal product…

A: Marginal product is the additional output produced by employing an additional unit of input.

Q: When marginal product is occurs between points A and average product in decreasing average product,…

A: Production refers to the process of creating goods or services through various inputs, such as…

Q: Quan $10 FIGURE 4-1 Isoquants fo With constant returns to s will be the straight line thr line ab…

A: The complement inputs are used in the fixed proportion. These inputs are used jointly.

Q: a sad 000E2S pag 000's spas pu do 00525 sed weal sad 005 sagar an eat ad o009 wag sa panga000$ maand…

A: An economic profit or loss is the difference between the revenue received from the sale of an output…

Q: a. Firm A is producing 20,000 units of output, incurring a total cost of $2,000,000 and total…

A: Total cost is the cost of production of total quantity.  Average cost is the cost of production per…

Q: Show and explain the relationship between total product, average product and marginal product.

A: Total product is the output produced from a given set of variable input in a particular time period.…

Q: Q=ksquerLquebed and input prices arer=8birr perunite andw=2birr per unite.find the labour and…

A: The production function determines all the input bundles that produce the same output level.The…

Q: In a short-run production process, a diminishing marginal product of labor explains why marginal cos…

A: The marginal product of labor can be defined as the increase in the output resulting from an…

Q: 12.Consider the production function Y= AKCL1-a, where A is a constant, L is labour, Kis capital and…

A: A production function illustrates the relationship between the inputs used and the output produced…

Q: Solve the attachment.

A: In the production process, there are different costs related to it, such as variable cost, fixed…

Q: Explain production function by describing Total (TP), Average (AP) and Marginal Product (MP). Use…

A: Microeconomics studies the economic behavior of the individual units such as a seller, a buyer, a…

Q: When a change in the activity index will not result in a direct, proportional change in the variable…

A: Cost behavior is a fundamental concept in managerial accounting that refers to the way different…