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andreev551 [17]
3 years ago
15

If each extra worker produces four additional units of​ output, how do the total product of​ labor, average product of​ labor, a

nd marginal product of labor vary with​ labor? The total product of labor is A. qequals0. B. qequals4L. C. qequals4​/L. D. qequals4. E. none of the above. The average product of labor is A. qequals0. B. ​q/Lequals4. C. qLequals4L. D. ​q/Lequals4​/L. E. none of the above. The marginal product of labor is A. ​dq/dLequals0. B. qequals4L. C. qequals4​/L. D. ​dq/dLequals4. E. none of the above.
Business
1 answer:
Ne4ueva [31]3 years ago
4 0

So the thing here is that n workers produce n units of output, and so the total product of labor equals the number of workers: q = L

MP_{L} will differ by labor because the extra workers creates one more units of output, MP_{L}= ∆q/∆L= 1

AP_{L} will differ by how much labour was put into it:divide both sides of the production function, AP_{L}= q/L= 1

---------------------

Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)  

- Cutiepatutie ☺❀❤

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A union election was held by the NLRB at Jaxon Industries, and 130 workers cast votes in the election. How many votes in favor o
zimovet [89]

Answer:

66

Explanation:

When union workers vote to elect their representatives, the representative must be elected by a simple majority of the votes. A simple majority means 50% plus 1. In this case 50% of 130 votes = 65 votes plus 1 = 66 votes.

Exclusive representation is a legal status that allows the elected representative the legal right to represent the union workers in different situations, e.g. collective bargaining

7 0
3 years ago
A manufacturer has modeled its yearly production function P (the monetary value of its entire production in millions of dollars)
Vinvika [58]

Answer: P(120,30)= $1,218,365.5

So when the manufacturer invests $30 million in capital and 120,000 hours in labour yearly, the monetary value of production is about $1.2 million.

Explanation:

The Cobb-Douglas production function expresses the technological relationship between two inputs (labour and capital).

Since  

P(L,K)=1.47L^0.65 K^0.35 (equation 1)

we simply substitute L=120,000 and K=30,000,000 into equation 1.  

Thus, P(120,30)= 1.47(120,000)^0.65 (30,000,000)^0.35

<em>(Recall that L is in thousand of hours and K is in millions of dollars).</em>

P(120, 30)= 1.47(2002.02)(413.99)

Thus, P(120,30)= 1218365.475

P(120,30)= $1,218,365.5

P(120, 30)= $1.2 million

So when the manufacturer invests $30 million in capital and 120,000 hours in labour yearly, the monetary value of production is about $1.2 million

7 0
3 years ago
Samuel is training to be an electrician by working alongside experienced electricians. After one more year of successful trainin
Drupady [299]

Answer: It is true that Samuel is taking part in an apprenticeship program.

Explanation:

An apprenticeship is a form of training of people on a profession or trade. It usually involves on-the-job training and may also involve study such as reading and classroom work. Most of the training is done while the person is working for an employer. The employer teaches the apprentice about the profession or trade in exchange for the apprentice continued labor which is usually for an agreed period of time.

There is variation in the duration an apprentice spends with his or her employer depending on the roles, sectors, professions and cultures. The people who completes the apprenticeship successfully can become journeyman. A journeyman is a worker who is skilled in a particular craft or trade and has completed an apprenticeship successfully.

6 0
3 years ago
Pizza ltd. leased equipment from Tasty Company under a four-year lease requiring equal annual payments of sh.86, 038, with the f
adoni [48]

Answer:

Sh. 300,001.60

Explanation:

Note: <em>Missing word has been attached</em>

Particulars                                                     Amount

Annual payments                                          86,038

x PV Annuity due 8%, 10 periods                 3.48685

Amount recorded for the leased asset      300,001.60

8 0
3 years ago
Rimi currently earns $3300 per month. She has the following monthly debt payment expenses: $80 for credit cards, $130 for studen
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Answer:

No, her ratio is greater than 37%

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Given:

Monthly income = $3,300

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Student loan expenses = $130

Car payment = $215

All insurances = $1,221

Computation:

Total debt to income ratio = Total debt / Total income

Total debt to income ratio =  (80 + 130 + 215 + 1221) / 3300

Total debt to income ratio = 49.87%  

Housing payments to income ratio = All insurances / Monthly income

Housing payments to income ratio = (1221) / 3300

Housing payments to income ratio = 37%  

No, her ratio is greater than 37%

3 0
3 years ago
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