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Author Question: The following data show the total output for a firm when different amounts of labour are combined ... (Read 15 times)

jlol3

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on: Oct 12, 2022

Question 1

Suppose that when a firm hires one additional unit of labour, total product increases from 100 to 110 units of output per month. Marginal product must therefore be
◦ zero.
◦ decreasing.
◦ increasing.
◦ constant.
◦ positive.

Question 2

The following data show the total output for a firm when different amounts of labour are combined with a fixed amount of capital. Assume the wage per unit of labour is $10 and the cost of the capital is $50.

Labour per periodTotal output per period
0  0
1 10
2 30
3 90
4132
5150

TABLE 7-3

Refer to Table 7-3. The marginal product of labour is at its maximum when the firm changes the amount of labour hired from
◦ 0 to 1 unit.
◦ 4 to 5 units.
◦ 1 to 2 units.
◦ 3 to 4 units.
◦ 2 to 3 units.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jlol3 on Oct 12, 2022

gwisel

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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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jlol3

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Reply 2 on: Oct 12, 2022
Wow, this really help

milbourne11

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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