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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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2 years ago
The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The fini
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Answer:

Instructions are below.

Explanation:

Giving the following information:

The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,600 units.

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Purchases= sales + desired ending inventory - beginning inventory

For example:

Sales 2nd Quarter= 27,000 units

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Achieving high product quality lowers operating costs because of the effect of quality on:___________.
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Answer:

Option C, corporate-level planning, is the right answer.

Explanation:

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