The production function for Good X:MarginalProduct ofCapitalAP. (OKAverageProduct ofLabor Capital OuipulCapital10575.75.706.2032426.716.209.3065733.3401,07241.526 80501.52445.230.48601,97645.232.93702.39141.534.162.72433.334.0533.2380902,9911003,0485.730.483,016-3.227.421202.945-7.124.541) Is the production function for good X exhibited in the above table for the long run or the short run?Explain your answer.2) The marginal product of capital of producing 2991 units of outout (find point A) in the above table isequal to what?3) The production function for good X in the above table exhibits increasing marginal returns to capital overwhat outout range?4) The production function for good X in the above table exhibits negative marginal returns to capital overwhat outout range?Vi5) The production function for good X in the above table exhibits decreasing marginal returns to capitalover what output range?6) The average product of capital of producing 2,991 units of outout (find point B) in the above table isequal to what?

Economics is a branch of social science that describes and analyzes the behaviors and decisions…

The production function for Good X: Marginal Product of Capital Average Product ol Capital Labor Capital Output 9. 10 20 30 57 5.7 5.70 16 20 6. 324 26.7 33.3 415 657 %3D 1,072 1.524 1,976 2.391 40 26 K0 50 45.2 30.48 60 45.2 3293 70 41.5 34 16 34.05 33 23 30.48 80 2.724 2.991 3,048 33.3 90 100 5.7 3.2 -7.1 T10 3,016 2742 120 2945 24 54 2) is the production function for good X exhibited in the above table for the long run or the short run? Explain your answer. 2) The marginal product of capital of producing 2992 units of outout (find point A) in the above table is equal to what? 5) The production function for good X in the above tabie exhibits increasing marginal returns to capital ove what outout range? 4) The production function for good X in the above table exhibits negative marginal returns to capital over what outout range? 5) The production function for good X in the above table exhibits decreasing marginal returns to capital over what outout range? 6) The average product of caoital of producing 2.991 units of outout (find point B) in the above table is equal to what?

The production function for Good X: Marginal Product of Capital Average Product ol Capital Labor Capital Output 9. 10 20 30 57 5.7 5.70 16 20 6. 324 26.7 33.3 415 657 %3D 1,072 1.524 1,976 2.391 40 26 K0 50 45.2 30.48 60 45.2 3293 70 41.5 34 16 34.05 33 23 30.48 80 2.724 2.991 3,048 33.3 90 100 5.7 3.2 -7.1 T10 3,016 2742 120 2945 24 54 2) is the production function for good X exhibited in the above table for the long run or the short run? Explain your answer. 2) The marginal product of capital of producing 2992 units of outout (find point A) in the above table is equal to what? 5) The production function for good X in the above tabie exhibits increasing marginal returns to capital ove what outout range? 4) The production function for good X in the above table exhibits negative marginal returns to capital over what outout range? 5) The production function for good X in the above table exhibits decreasing marginal returns to capital over what outout range? 6) The average product of caoital of producing 2.991 units of outout (find point B) in the above table is equal to what?

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

DO >> # O ? O CENGAGE MINDTAP HW (Ch 13) Suppose the imaginary company of Roobek is a small, Cedar Rapids-based American apparel manufacturer specializing in athleisure. The following table presents the brand's total cost of production at several different quantities. Fill in the remaining cells of the following table. Quantity (Pairs) 0 240 L234 1 5 .6 Total Cost Marginal Cost (Dollars) (Dollars) T 120 210 270 315 380 475 630 MindTap - Cengage Learning AAAAA Fixed Cost Variable Cost (Dollars) (Dollars) I Average Variable Cost (Dollars per pair) On the following graph, plot Douglas Fur's average total cost (ATC) curve using the green points ftriangle symbol). Next, plot its average variable cost (AVC) curve using the purple points (diamond symbol). Finally, plot its marginal cost (MC) curve using the orange points (square symbol). (Hint: For ATC and AVC, plot the points on the integer; for example, the ATC of producing one pair of boots is $210, so you should start your ATC curve by…
Berger Paints sold the following volumes of white paint over the last four as shown (week 1-750 kg, week 2-825 kg, week 3-625 kg, week 4- 568 kg), Using the following weights accordingly 0.1, 0.2, 0.3, 0.4 project what week 5 projected volume. a. 465 b. 324 Oc. 655 d. 326
Please answer the coordinates.
Watchshop is a watch manufacturing company that sells low-end wrist wacthes. They hire labour at the rate of tk. 3949.0 per worker and their fixed cost is equal to tk. 10630.0 per week. The table below is the product schedule of Watchshop Labour (workers hired per week) Output (watches produced per week) 1 38.0 2 78.0 3 128.0 4 168.0 5 198.0 6 218.0 7 228.0 (a) What is the total cost, when output is 128.0? (b) What is the marginal cost per unit when we move from output 198.0 to output 218.0? (c) Consider that Watchshop is operating in its range of diseconomies of scale. At that level of output, the slope of its LRAC curve is____ 1. Positive 2 .Zero 3. Negative 4. Insufficient information to comment on the slope of the LRAC curve
Labor Total Production Marginal Production Average Production 0 0 2 30 4 10 6 20 8 200 10 25 In the above table, the marginal production and the average production of the 7th and 8th workers (the values in the row for the 8th worker) are, respectively: Group of answer choices 80; 25 20; 25 80; 100 25; 25 40; 25 25; 200
Suppose that the firm Smith Co sells 400 blouses per month for $80 per blouse. Roberto, the owner of the business and does not take salary from her business yet. Roberto is a textile engineer by trade and could be earning $ 4800 per month working for a similar firm. The monthly costs of production are as follow: materials: $ 8000 labor: $12800 other: $1600 What is are Smith Co's total explicit costs? $ What is are Smith Co's total implicit costs? $ What is Smith Co's accounting profit? $ What is Smith Co's economic profit? $ ID - -> -
18 IV 16 III 14 E 12 %3D 10 8 4. 0246810 12 14 16 18 20 22 24 26 2830 32 34 Quantity 32. The marginal cost curve is labeled:
Please drawing carefully otherwise i give multiple downvote Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.
Ch07. ppt (Compatibility Mode] - Microsoft PowerPoint SIGN ANIMATIONS SLIDE SHOW TRANSITIONS REVIEW VIEW -|24 - AA E-E-E . lh Text Direction Align Tert- Shape Fil- 7 Shape Outline- Convert to SmAn- } Stvles - O Shape Effects Layout Reset BIUS A- Aa A Arrange Quick Section- es Font Paragraph Drawing Optimal Level of Variable Input Usage • Define the following • Total Revenue Product (TRP) = Q•P • Marginal Revenue Product (MRP) = ATRP A(Q P) P•AQ = P• MP AX AX AX • Total Labor Cost (TLC) =w•X ATLC = W • Marginal Labor Cost (MLC) = AX 2003 Prentice Hall Business Publishing Managerial Economics, 4/e Keal/Young NOTES COMMENTS Mehwish Bhatti's screen
Graph Total Product, Average Product and Marginal Product curves from the table given Subject: Business Outsourcing
H13). Importance of Understanding Cost Behavior Patterns Recognizing and understanding cost behavior patterns serve multiple purposes within a company. What are at least 4 of them and explain.
Kindly assist on question 1 and 2 1The difference between zero accounting profit and zero economic profit is that. a) an economic profit of zero indicates a fair return because it includes the opportunity cost of a firms capital. b) an economic profit zero indicates unacceptable rate of return because it does not include the opportunity cost of a firms capital. c) an economic profit of zero indicates more than a fair return because it includes opportunity cost and explicit cost. d) an accounting profit of zero indicates a fair rate of return because it includes the opportunity cost of a firms capital. 2.If a corporation is sued and losses the lawsuit, it's liability to pay. a) is imposed on all stockholders, personally b) is imposed only on the corporate CEO and the board of directors. C) its limited to the assets held in the corporations name. d) is imposed on the bondholders of the corporation