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kap26 [50]
3 years ago
13

Each extra worker produces an extra unit of output up to six workers. After six, no additional output is produced. Draw the tota

l product of labor, average product of labor, and marginal product of labor curves.

Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
7 0

Answer:

attached is the diagram

Explanation:

Each extra worker produces an extra unit of output, is said to be the marginal production of an extra worker employed

marginal production  :

change in total production / change in labor = ΔTp / ΔL

Average production = Tp / L

Tp = total production ,  L = number of labor

To draw the Total product of labor , average product labor and marginal product labor curves starting from zero labor

0 worker : Total product = 0, average product labor = 0 , marginal = 0

1 worker : Total product = 1, average product = 1 , marginal = 0

2 worker : Total product = 2, average product = 1, marginal = 1

3 workers: total product = 3 average product = 1, marginal = 1

4 workers: Total product = 4, average product = 1, marginal = 1

5 workers : Total product = 5 average product = 1, marginal = 1

6 workers : total product = 6 average product = 1 , marginal = 1

7 workers : total product = 7 , average product = 0.85, marginal = 0

8 workers : total product = 8, average product = 0.75 marginal = 0

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Len [333]

Answer:

Both their investments will reach a similar value in 32 years, 9 months and 8 days. Both accounts will have exactly $5,606.

Explanation:

Original investment:              $800 at 6.12%                    $1,600 at 3.9%          

future value 10 years                     $1,449                                $2,346

future value 20 years                   $2,624                                $3,439

future value 30 years                   $4,753                                $5,042

future value 31 years                    $5,044                                $5,238

future value 32 years                   $5,353                                $5,442

future value 33 years                   $5,681                                 $5,655

It will take over 32 years for both investments to match their amounts.

to determine the approximate month we start with the future value in 32 years:

                                                         $5,353                          $5,442

future value in 6 months                 $5,517                           $5,548

future value in 9 months                $5,599                           $5,601

future value in 9 months                                                                          

and 5 days                                      $5,603                           $5,604

future value in 9 months                                                                          

and 8 days                                      <u>$5,606</u>                           <u>$5,606</u>

7 0
3 years ago
The "over-the-counter" market received its name years ago because brokerage firms would hold inventories of stocks and then sell
Svetradugi [14.3K]

Answer:

false

Explanation:

Over-the-counter refers to the process of how securities are traded for companies not listed on a formal exchange. Securities that are traded over-the-counter are traded via a dealer network as opposed to on a centralized exchange.

5 0
3 years ago
Defined cost object?<br>​
Sergeu [11.5K]

Answer:

Si realizásemos una encuesta sobre qué es lo más característico del personaje de Sherlock Holmes, no nos sorprendería que el resultado fuese su conocida expresión "Elemental, querido Watson". Lo que sí resultaría sorprendente (al menos para quienes hubiesen contestado en ese sentido) es saber que tan extendida opinión entra en conflicto con la realidad de los relatos originales de dicho personaje: él nunca utilizó esa expresión. De igual forma, existen algunas ideas sobre el funcionamiento del mercado de trabajo español que creemos que no se corresponden con la realidad. Precisamente, el objetivo de este artículo es ofrecer algunos datos que permitan aportar luz sobre ciertas cuestiones (relacionadas con los contratos indefinidos, los despidos y sus costes) que se encuentran en el centro del debate actual sobre una posible reforma laboral.

Explanation:

4 0
3 years ago
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The opponents of prohibition argued that doing the Moralizing governmental regulations was contrary to basic constitutional values and consumer freedoms.

<h3>What is the Moralizing regulation?</h3>

Basically, the term "Moralizing" means the action of commenting on issues of right and wrong, such as with an unfounded air of superiority or having an overly critical point of view on issues of right and wrong.

From the moral values, the government regulation can emphasizes respect for rules and ethical considerations as the rules are the supreme guarantor of morality, ethics, and justice.

However, the opponents of prohibition argued that doing the Moralizing governmental regulations was contrary to basic constitutional values and consumer freedoms.

Because the government rules are the supreme guarantor of morality, ethics, and justice, then, the government should grant scheduled importance to the law along the way of earning decisions.

Read more about Moralizing

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4 0
2 years ago
Suppose for every dollar change in household​ wealth, consumption expenditures change by​ $0.05. If real household wealth declin
Crazy boy [7]

Answer:

B. Minus 2.63%

Explanation:

Increase in consumption = Change in consumption × Household wealth

= $0.05 × $45billion

= $2.25billion

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= $120 billion ÷ 1.4

= $85.71

Total change in output = Increase in consumption ÷ Total output

= $2.25 ÷ $85.71

= $0.0263 or 2.63%

8 0
3 years ago
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