1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
On October 1, Black Company receives a 10% interest-bearing note from Reese Company to settle a $22,200 account receivable. The
lorasvet [3.4K]

Answer:

$555

Explanation:

The computation of the interest revenue is shown below:

= Account receivable  × rate of interest × number of months ÷ (total number of months in a year)

= $22,200 × 10% × (3 months ÷ 12 months)

= $2,220 × (3 months ÷ 12 months)

= $555

The three month is calculated from October 1 to December 31. The six month period of note is ignored

4 0
3 years ago
Which is a short-term consequence of making a late payment on your bill
AysviL [449]

Answer:

Which is a short-term consequence of making a late payment on your bill? There will be a late fee added to the bill.

8 0
4 years ago
Companies should avoid answering complaints on product review sites, because they may appear incompetent.
blondinia [14]
False answering customer feedback can make the business seem more honest and appealing to consumers.
6 0
3 years ago
A customer sells short 100 shares of ABC stock at $74 per share. The stock falls to $66, at which point the customer writes 1 AB
Gekata [30.6K]

Answer: $62

Explanation:

The customer sold the stock short at $74 per share. Later on, the customer sold a Sept 65, Put at $3 on this stock. If the short put is exercised, the customer is obligated to buy the stock at $65 per share. Since the customer received $3 in premiums when the put was sold, the net cost to the customer is $62 per share for the stock (this is the cost basis in the stock for tax purposes). The stock that has been purchased is delivered to cover the short sale, closing the transaction. The customer's gain is: $74 sale proceeds - $62 cost basis = 12 point gain.

4 0
3 years ago
The Federal Reserve (or Fed) often executes its policy by selling or buying U.S. government securities in the open market, which
dem82 [27]

Answer:

a) When interest rates on U.S. government securities increases, then the Federal Reserve sells those securities in the open market in order to decrease the money supply. This is contractionary monetary policy of the Federal Reserve. As interest rates are indirectly affected by open market operations, the Federal Reserve sells securities on the open market to reduce the amount of money in circulation to combat rising inflation in the economy.

(b) The federal funds rate, the interest rates charged on the loans to individuals and firms and the rates of bank deposits will increase. As a result, the demand for bank deposits will increase and the demand for other debt securities will decrease. This in turn will increase the yield offered on these instruments.

4 0
3 years ago
Other questions:
  • A natural monopoly, such as a local electricity provider, is the result of: i. a firm owning or controlling a key input used in
    7·1 answer
  • Explain what happens when markets do not have enough competition.
    9·1 answer
  • Maroon hotels inc. is using the behaviorally anchored rating scale (bars) method of employee performance appraisal. what is the
    10·2 answers
  • Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
    8·1 answer
  • The effects of inflation Suppose Friendly Airlines is considering signing a long-term contract with the union representing its p
    8·1 answer
  • Francine wants to become a school counselor. Which is the academic requirement for this career?
    15·2 answers
  • Under the securities exchange act of 1934, registration with the sec as a broker-dealer may be revoked if the broker-dealer fail
    9·1 answer
  • Stock holders make money investing in stocks in all of the following ways excep what
    8·1 answer
  • Kyla goes to a car dealership to purchase a new Honda Accord. She is not willing to pay the listed sticker price for the car, an
    14·1 answer
  • The total return on a stock is equal to the: Group of answer choices dividend divided by the sum of the dividend yield and capit
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!