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

Author Question: The table below shows the number of units of labour and capital used in 4 alternative production ... (Read 122 times)

jlol3

  • Full Member
  • ***
  • Posts: 131
on: Oct 12, 2022

Question 1

The figure presents Total Product (units of output per day) as a function of Labour (workers per day) hired.



FIGURE 7-2

Refer to Figure 7-2. The marginal product of the fifth worker is


◦ 24 units.
◦ 160 units.
◦ 144 units.
◦ 120 units.
◦ 29 units.

Question 2

The table below shows the number of units of labour and capital used in 4 alternative production techniques for producing 1000 widgets per month.

TechniqueABCD
Labour25355030
Capital50352560

TABLE 8-1

Refer to Table 8-1. If the price of labour is $5 and the price of capital is $10, which production technique minimizes the costs of producing 1000 units of output?
◦ A
◦ B
◦ C
◦ D
◦ Any of the techniques have the same cost.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jlol3 on Oct 12, 2022

Tussalpain

  • Full Member
  • ***
  • Posts: 189
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.
Answer Preview
Only 29% of students answer this correctly


jlol3

  • Member
  • Posts: 131
Reply 2 on: Oct 12, 2022
Wow, this really help

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The shortest mature adult human of whom there is independent evidence was Gul Mohammed in India. In 1990, he was measured in New Delhi and stood 22.5 inches tall.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Ether was used widely for surgeries but became less popular because of its flammability and its tendency to cause vomiting. In England, it was quickly replaced by chloroform, but this agent caused many deaths and lost popularity.

This chart shows the various lines of responsibility and how they differ in presidential and parliam This chart shows the various lines of responsibility and how they differ in presidential and parliam
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Production-scale tangential flow filtration system. Production-scale tangential flow filtration system.
Cradle the head to finish. Rest the head on the table. Place your fingers on the sides of the head ... Cradle the head to finish. Rest the head on the table. Place your fingers on the sides of the head ...
The Haploid Number of Chromosomes for a Variety of Organisms The Haploid Number of Chromosomes for a Variety of Organisms
Alternative splicing of the Dscam gene mRNA Alternative splicing of the Dscam gene mRNA
Video: Mendel's Pea Experiment

For a complete list of videos, visit our video library