Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Refer to figure 11-1. the marginal product of the 7th worker is

15/12/2020 Client: saad24vbs Deadline: 2 Day

QUESTION 1


1. At the minimum efficient scale


marginal cost is at its minimum.


all possible economies of scale have not been exhausted.


any increases in the scale of operation will encounter further economies of scale.


the firm has achieved the lowest possible average cost of production.


QUESTION 2


1. Diminishing marginal product of labor occurs when adding another unit of labor


decreases output.


changes output by an amount smaller than the output added by the previous unit of labor.


decreases output by an amount smaller than the output added by the previous unit of labor.


increases output by an amount larger than the output added by the previous unit of labor.


QUESTION 3


Figure 11-1


/var/folders/gw/8z966dyd1b11dhhx6jbhtgpw0000gn/T/com.microsoft.Word/WebArchiveCopyPasteTempFiles/f1q3g1.jpg


Refer to Figure 11-1. The marginal product of the 7th worker is


1.


2.


1. 66.


3.


4.


2. 9.43.


5.


6.


3. 2.


7.


8.


4. -2.


QUESTION 4


Figure 11-7


/var/folders/gw/8z966dyd1b11dhhx6jbhtgpw0000gn/T/com.microsoft.Word/WebArchiveCopyPasteTempFiles/f1q12g1.jpg


Figure 11-7 shows the cost structure for a firm.


Refer to Figure 11-7. When output level is 100, what is the total cost of production?


$20


$1,000


$1,200


$2,000


QUESTION 5


1. If an airport decides to expand by building an additional passenger terminal, and in doing so it lowers its average cost per airplane landing, it was previously operating at


less than minimum efficient scale.


minimum capacity.


more than minimum efficient scale.


minimum efficient scale.


QUESTION 6


1. If another worker adds 9 units of output to a group of workers who had an average product of 7 units, then the average product of labor


will increase.


will decrease.


will remain the same.


and what will happen to it cannot be determined.


QUESTION 7


1. If average total cost is $50 and average fixed cost is $15 when output is 20 units, then the firm's total variable cost at that level of output is


$1,000.


$700.


$300.


impossible to determine without additional information.


QUESTION 8


1. If the total cost of producing 20 units of output is $1,000 and the average variable cost is $35, what is the firm's average fixed cost at that level of output?


$65


$50


$15


It is impossible to determine without additional information.


QUESTION 9


1. If, when a firm doubles all its inputs, its average cost of production decreases, then production displays


diminishing returns.


declining fixed costs.


economies of scale.


diseconomies of scale.


QUESTION 10


1. In the short run, if marginal product is at its maximum, then


total cost is at its maximum.


average cost is at its minimum.


average variable cost is at its minimum.


marginal cost is at its minimum.


QUESTION 11


1. Jayanthi moves her yoga studio from her home to a space she rents in Oakland, California. Holding everything else constant, as a result of this move


her explicit cost falls and her implicit cost rises.


her opportunity cost rises.


her implicit cost falls and her explicit cost rises.


her economic cost rises.


QUESTION 12


1. Red Stone Creamery currently hires 5 workers. When it added a 6th worker, its output actually fell. Which of the following statements is true?


The total product becomes negative.


The average product of the sixth worker is negative.


The marginal product of the sixth worker must be negative.


The sixth worker is not as skilled as the fifth worker.


QUESTION 13


1. Table 11-1


Number of Workers


Mushrooms per Day (pounds)


1


12


2


30


3


45


4


50


5


54


6


56


Table 11-1 shows the technology of production at the Matsuko's Mushroom Farm for the month of May.


2. Refer to Table 11-1. Diminishing marginal returns sets in when the ________ worker is hired.


2nd


3rd


4th


None of the above; the production function displays increasing marginal returns.


QUESTION 14


1. The shape of the average total cost curve is determined by the shape of


the firm's production function.


the average fixed cost curve.


the average product curve.


the marginal cost curve.


QUESTION 15


1. When the average total cost is $16 and the total cost is $800, then the number of units the firm is producing is


impossible to determine with the information given.


12,800.


784.


50.


Applied Sciences

Architecture and Design

Biology

Business & Finance

Chemistry

Computer Science

Geography

Geology

Education

Engineering

English

Environmental science

Spanish

Government

History

Human Resource Management

Information Systems

Law

Literature

Mathematics

Nursing

Physics

Political Science

Psychology

Reading

Science

Social Science

Home

Blog

Archive

Contact

google+twitterfacebook

Copyright © 2019 HomeworkMarket.com

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

University Coursework Help
Best Coursework Help
Top Essay Tutor
Homework Guru
Writer Writer Name Offer Chat
University Coursework Help

ONLINE

University Coursework Help

Hi dear, I am ready to do your homework in a reasonable price.

$42 Chat With Writer
Best Coursework Help

ONLINE

Best Coursework Help

I am an Academic writer with 10 years of experience. As an Academic writer, my aim is to generate unique content without Plagiarism as per the client’s requirements.

$40 Chat With Writer
Top Essay Tutor

ONLINE

Top Essay Tutor

I have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades.

$45 Chat With Writer
Homework Guru

ONLINE

Homework Guru

Hi dear, I am ready to do your homework in a reasonable price and in a timely manner.

$42 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Essay - Intellicare accredited hospitals in makati - The dry adiabatic lapse rate is - The Six Imperatives - Essay - Mba in project management syllabus pdf - Human Resource- Discussion Questions - In algae what purpose do chlorophyll and accessory pigments serve - Human Ecology - City of bingham chapter 4 solutions - Granny and the wolf script - Vcaa biology exam answers - Power point - How to calculate forward resistance of diode - Powerpoint - Close reading questions and answers - Different types of management accounting systems - Discussion - Creating production possibilities schedules and curves edgenuity answers - Revise and edit a Paper - C programming board game - Discussion120 - John q movie character analysis - The management of kunkel company is considering the purchase of a - David sedaris tickets state theatre of ithaca april 5 - How to balance ionic equations - It networking fundamentals for complete beginners - Arrest for a crime crossword clue - Visualisation for Decision-making - Comparative financial statement analysis of pepsico and coca cola - BHA415 Module 2 Discussion Post 2 - Brantham ward ipswich hospital - Sony vegas remove a and b - Three kingdom wars imjin war 1592 english subtitles - Soil Mechanics - Discussion responses x 12 - Math 300 - Breach Analysis - Simcity 3000 best layout - Distance from the sun to venus in miles - Homework for lab 5 combining forces answers - Length area and volume worksheets - Er diagram to table conversion ppt - Modular devices inc revenue - Debate on use of mobile phones - Why is pressure a sensible reading to measure circulatory health - SIMPLE AND EASY ASSIGNMENT ONE PAGE OR LESS - Dmu business and law student advice centre - St george credit card biller code - How to calculate expected payoff - Beer lambert law graph - Taco company of australia inc v taco bell pty ltd - Hughie hancox triumph unit 650 - Power systems/ PSCAD/EMTDC/MATLAB/POWER LAB - Jack welch and the 4 e's of leadership - JOURNAL/ARTICLE REVIEW - One heart li young lee - Translation risk in foreign exchange - Renew student id unsw - First love john clare - Nadgee cape howe track - Sailpoint identityiq 7.1 administration guide - Klu klux klan burning cross - Reading Notes - Gary tibble attorney kalamazoo mi - What's the area of an equilateral triangle - Change management power and influence simulation tips - Plutchik 8 primary emotions - Discussion - Unit 6 Public administration Discussion - Impractical jokers waiting room weirdness episode - Primary care respiratory society - Accounting generally has the responsibility for - Puerto Rican Case Analysis * 2 pages - Organizational culture inventory oci - Written expression goals for iep - The last dance encountering death and dying quiz - Due tomorrow - From ancient grudge break to new mutiny meaning - Homework for lab 10 two dimensional motion answers - Facts about blob fish - Domestic containment - Global lunar crescent visibility maps - Discussion/art - Discussion 1: Traumatic Brain Injury-wk7-1 - Tidal river camping easter - Edexcel gcse mathematics linear 1ma0 coordinates answers - Louder than a bomb documentary questions answers - Http www moneychimp com calculator compound_interest_calculator htm - The prince machiavelli pdf full book - Philosophy of teaching examples - Physical transmission media used for network cabling - Cal thomas is the american dream over - Write a few sentences explaining what you think makes someone a hero. - I need 1400 words report on Omani Company - Creating outline for essay - Benzyl alcohol to benzoic acid - Operant methods of socialization - The model of reactive customer driven quality shows - Classzone blood typing lab answers