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Nata [24]
3 years ago
8

Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on

the firm's production function are (L = 5, Q = 125) and (L = 6, Q = 152). Then the marginal product of the 6th worker is:
Business
1 answer:
JulijaS [17]3 years ago
7 0

Answer:

Explanation:

Given:

  • (L1 = 5, Q1 = 125)
  • (L2 = 6, Q2 = 152)

So we can form the linear equation that model this situation:

The standard form of it is:

Q = mL + b

So the slope of it is:

  • m =(Q2 - Q1) / (L2 - L1)

<=> m = (152 - 125) / (6 -5)

<=> m = 27

Then the marginal product of the 6th worker 27 units of output.

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leva [86]

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Explanation:

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Investor is a person who purchase shares of a company in the market.

3 0
3 years ago
Upper A report about the decline of Western investment in third world countries included this: "After years of daily flights com
Ksenya-84 [330]

Answer:

True

Explanation:

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3 years ago
The general willingness of consumers to purchase a product at various prices is __________.
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Demand.

If you found this especially helpful, I'd appreciate if you'd vote me Brainliest for your answer. I want to be able to assist more users one-on-one, as well as to move up in rank! :)
4 0
3 years ago
The _____ is a production period long enough for the firm to adjust the
EastWind [94]

Answer:

long run, productive resources

4 0
3 years ago
A textbook publisher produces a textbook for $25 per book and sells a lot of 160 to the Campus Bookstore for $50 per unit. The b
Dmitry_Shevchenko [17]

Answer:

$4,000

Explanation:

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Hence the net profit of the publisher

= 160( $50 - $25)

= 160 * $25

= $4,000

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3 years ago
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