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Author Question: The table below shows the total production for varying numbers of hours worked producing yo-yos. The ... (Read 61 times)

krabuske

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on: Oct 12, 2022
The table below shows the total production for varying numbers of hours worked producing yo-yos. The firm sells its product and hires its workers in competitive markets.

Number of
 Hours Worked		Number of 
Yo-Yos 
Produced		Wage Rate
per Hour (S)		Price of Yo-Yos
($)
1060105
1170105
1278105
1384105
1488105
1590105
TABLE 13-4

Refer to Table 13-4. If plotted on a graph, the marginal revenue product curve for the "number of hours worked" would be the same as
◦ the firm's demand curve for hours worked, and would be downward sloping and linear.
◦ the firm's marginal revenue curve, and would be horizontal at $5 because this firm is operating in a competitive labour market.
◦ the firm's demand curve for yo-yos, and would be downward sloping and linear.
◦ the firm's marginal product curve, and would be downward sloping and convex to the origin.
◦ the firm's marginal product curve, and would be downward sloping and concave to the origin.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by krabuske on Oct 12, 2022

gyvette

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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krabuske

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Reply 2 on: Oct 12, 2022
Excellent

Liamb2179

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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