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 51 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?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

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 Annual Growth Rates of Population by Country Group Average Annual Growth Rates of Population by Country Group
Use the product rule to find derivative Use the product rule to find derivative
To find the derivative use product rule To find the derivative use product rule
Find derivative using product rule Find derivative using product rule
Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011 Average real hourly wages (2010 dollars) by education level, full-time workers aged 17 to 34 in 2011
Video: Carbohydrate digestion - mouth and stomach & pancreas and small intestine

For a complete list of videos, visit our video library