What is the average product of labor, given that the level of labor equals 15, total output equals6000, and the marginal product of labor equals 200? answer must be a whole number only

Q: what are Methods for increasing marginal utility more accurate or efficient?

A: Marginal utility refers to the additional benefit derived from consuming an additional unit. This…

Q: major league baseball plans to sell special commemorative jerseys for the world series. the…

A: C(x)= 10x2-680x-20,000 MLB plans to sell them for 120 dollars each

Q: SBC company has demand for 1,000 pumps each year. The cost of a pump is $50, it costs $40 to place…

A: Optimal Order Quantity for SBC PumpsThis document analyzes the optimal order quantity for SBC pumps,…

Q: Draw graph if n is 20 and p is 0.60

A: Given: Number of trials (n) = 20 Probability of success (p)=0.60

Q: Make necessary Graph Chart of Highlight definiation with labels

A: Answer:  In the first case, the relationship between the two substitute goods is shown. Let the two…

Q: A cell phone plan has a basic charge of $35 a month. The plan includes 400 free minutes and charges…

A: Given: The charge of a cell phone is = $35 a month Plan includes = 400 free minutes Charges for each…

Q: Period Unit Sales Cost of Sales 1 $590 560 230 400 390 550 2 3 4 5 6 7 8 760 800 200 400 480 620 680…

A: The scatter diagrams are visible portrayals of historical expense and unit data. Sales are shown on…

Q: I am so confused, my computer stated that all three answers are incorrect. Can you assist so that I…

A: I'll try to put it simply the optimal pricing strategy. First we will find out optimal monopoly…

Q: What kind of relationship exist between income and demand of inferior good? (a) Direct (b) Inverse…

A: Inferior goods are those goods whose demand falls with the rise in income and demand rise with the…

Q: You need to get gasoline for your car. You can drive ten miles (round trip) to a gas station on the…

A: The answer is as follows:-

Q: What are the three things that must be known to compute costs

A: Cost, in simple words refers to the value of goods and and services purchased by the consumers and…

Q: A manufacturer has a steady annual demand for 11,520 cases of sugar. It costs $5 to store 1 case for…

A: Annual demand = 11,520 cases of sugar costs $5 to store 1 case for 1 year $ 32 set up cost to…

Q: A bagel shop sells 400 bagels a day at a price of $2 per bagel. Market research shows that a…

A: Here the target for the firm is to maximize profits.  Since profits = total revenue - total costs…

Q: How has technology eased the task of assessing actual food costs and actual beverage costs?

A: In economics, technology is often regarded as the fundamental driver of economic progress in…

Q: If profit is $360 and total cost is $800 Calculate Total revenue

A: According to the above mentioned question, the values are:- Profit = $360  Total cost = $800 We have…

Q: sarah earns 400 per week and spends 15% of her earning on tranpotation every week

A: Given:- Earning per week= 400 Spend on transportation = 15%

Q: I neeed answer typing clear urjent no chatgpt pls use i will give 5 upvotes each option is pls…

A: Definition of Liquids:Liquids are a state of matter characterized by having a definite volume but no…

Q: Calculate the value of total revenue if profit is $3000 and total cost is $1800

A: According to the above given question,we have the values:- Total cost = $1800  Profits = $3000 Using…

Q: A company produces and sells a consumer product and is able to control the demand by varying the…

A: Given demand function is  p=38+2700D-5000D2     Note D>1 Total fixed cost =$1000 and variable…

Q: A popular buffet has two types of customers. Type A who are willing to pay $25 but only eat for $15,…

A: The revenue of the firm is the total amount that the firm earns by selling the products at the given…

Q: Calculate the price per unit if quantity sold is 34 units and the revenue generated out of it is…

A: The given information is as follows:- Total revenue = $1500 Quantity sold = 34 units We need to…

Q: In a market, a supply and demand table is presented for a product. Assume that your relationship is…

A: The price, quantity demanded and quantity supplied are provided below.…

Q: are there any diagrams to aid in the explanation?

A: A pro-cyclical tax policy is one in which tax revenues tend to move in the same direction as the…

Q: Is updating products to be better and different is considered an innovative product and thus…

A: Every firms have objective to make their profit Maximized and increase the market base . For that…

Q: A used car dealership rents 210 cars for $9 a day. They want to increase the price to maximize their…

A: Profit maximizing refers to a scenario at which a firm is getting maximum profit at producing at a…

Q: 4. Thanks to years of consistent contracts and an outstanding administration, Crestwood High School…

A: The market supply curve of a commodity can shift as a result of a change in technology, input costs,…

Q: e marginal gain from Jake's fourth hour of work, from 11:00 AM to noon, is 25 problems. ter, the…

A: Answer: 2 hours working on problems, 2 hours reading. Explanation: If Jake spends the first hour…

Q: Calculate the value of profits if total revenue is $5000 and the total cost is $5500

A: The given information is as follows:- Total revenue = $5000 Total cost= $5500 We have to calculate…

Q: Company A orders three different winter boots from the same supplier. Demands for all three boots…

A: Unit Cost :  The cost  associated with  purchasing  a single  unit of a product or item.Selling…

Q: Discuss the relationship of price to consumerperceptions of quality.

A: Customer perception is important in many areas, including customer understanding, communications and…

Q: Could you add some graphs as wel

A: The economy of South Africa is a dynamic, multifaceted system that has a big impact on both the…

Q: Question: The profit for a product can be described by the function P(x) = 840x - 75.6 - 0.4x^2…

A:

Q: Garret bought a leather football that cost $22. He then bought 10 more footballs for his friends.…

A: Total Cost : TC (F) = a + b*F a : intercept term b : slope term

Q: 12) Referring to question # 1, what is the Marginal Cost to produce 1 more unit?

A: 12. The cost of production is the summation of all the costs incurred while producing the commodity…

Q: Explain the Trial-and-error method?

A: Trial and error are an integral problem-solving process. It is characterized by frequent, varied…

Q: a) Draw a picture representing P(z<-1.2). b) Compute P(z<-1.2). 9.

A: Given: P(z&lt;-1.2)

Q: Р S В A Pi I D C G Ро Е DI F Q H.

A: Consumer Surplus: It refers to the difference between the maximum price the buyer is willing to pay…

Q: Are Alarm clocks and automobiles substitute, compliments, or unrelated

A: Two goods are substitutes of each other if both can be used in place of another. Similar and…

Q: Calculate the value of total revenue if total cost is $6500 and profits are $800

A: The information given in the question is:- Total cost = $6500 Profits = $800 Total revenue = ? We…

Q: Articles and books that were written thirty or even forty years ago can be included in the…

A: A review that includes a summary, overview, and evaluation regarding the current knowledge state…

Q: For a,b, and c, please draw a graph. Suppose there' sa relationship of the following sort between…

A: The Production Possibilities Curve (PPC)  depicts the tradeoffs that occur when resources are…

Q: Identify a minimum of 5 features/tools that are offered.

A: The State of Ohio offers a wide range  of profession openings. A vocation in broad daylight…