This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: After employing her last laborer, Rachel notices that her Average Product has decreased. True or ... (Read 29 times)

misspop

  • Hero Member
  • *****
  • Posts: 540
on: Jul 1, 2018
After employing her last laborer, Rachel notices that her Average Product has decreased. True or False: Her marginal cost is greater than her average variable cost.
 
  Indicate whether the statement is true or false

Question 2

If Ann's utility function is U = W0.5, and she invests in a business which can yield 6,400 with probability 1/5, and 3600 with probability 4/5, then her expected utility is
 
  A) 80.
  B) 76.
  C) 64.
  D) 60.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #1 on: Jul 1, 2018
Answer to Question 1

True . The decrease in average product indicates an increase in average variable cost. The average variable cost rises when the marginal cost is greater than the AVC.

Answer to Question 2

C


misspop

  • Hero Member
  • *****
  • Posts: 540
Reply #2 on: Jul 1, 2018
Thank you :)


joanwhite

  • Sr. Member
  • ****
  • Posts: 308
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact, A recruiting poster for the “True Sons of Freedom” encouraged African Americans to enlist. In fact,
Average Hourly Earnings of U.S. Workers in Current and Constant Dollars Average Hourly Earnings of U.S. Workers in Current and Constant Dollars
How to find the average atomic mass of an element How to find the average atomic mass of an element
Average Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Use the product rule to find derivative Use the product rule to find derivative
Video: Fetal development - Weeks 9 to 38

For a complete list of videos, visit our video library