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
OverLord2011 [107]
3 years ago
12

Suppose a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observe

d the following levels of production corresponding to different numbers of workers:
Number of Workers Number of Chairs
1 10
2 18
3 24
4 28
5 30
6 28
7 25
a. Calculate the marginal and average product of labor for this production function.
b. Does this production function exhibit diminishing returns to labor
Business
1 answer:
natima [27]3 years ago
3 0

Answer:

(a)

MP = TPn - TPn-1

AP = TP/Q

No. of workers       No. of chairs   MP    AP

         1                              10              -       10      

         2                             18             8       9

         3                             24            6       8

         4                             28            4       7

         5                             30            2       6

         6                             28          - 2      4.6

         7                              25          -3       3.5

(b) Yes, this production function exhibits diminishing returns to labor. As we increase the number of laborers, the output per worker falls. we will see that the AP is falling with the rise parturient.

You might be interested in
Bank reconciliation information for Kaden Co. for May 31 is as follows: (a) The bank statement balance is $2,936. (b) The cash a
g100num [7]

Answer:

bank service expense 50 debit

supplies                        18 debit

             cash                           68 credit

--to record bank reconciliation--

Explanation:

We have to adjust the cash balance for the transactions unknow for the company which are the bank service charge of $50 and the mistake in the accounting  for $18

we actually spend 97 but recorded 79 thus, we increase supplies by 18

5 0
3 years ago
______ are responsible for supervising frontline employees and carry out day-to-day activities within departments.
ArbitrLikvidat [17]

<u>First-line managers</u> are responsible for supervising frontline employees and carrying out day-to-day activities within departments.

Managers use the tactical plan to outline what different parts of the organization need to do in order for the organization to be successful within a year. , is created in the field of the facility.

Managers determine what different parts of the organization need to do in order for the organization to be successful in the near future (within a year). For example, a large bakery's marketing strategy might be an e-commerce solution aimed at customers such as restaurants.

conceptual skills. These skills represent a manager's ability to organize and analyze information to improve organizational performance. This includes the ability to see the organization as a whole and understand how the various parts fit together to function as an integrated unit.

Learn more about supervising here brainly.com/question/1088493

#SPJ4

3 0
1 year ago
Use comparison operators to write a question that the database will understand. Which records contain "no"?
Stolb23 [73]
The answer is = no!
8 0
3 years ago
Anyone who is at least 18 years old, a citizen of the United States, and a legal resident may vote in an election. To become a s
wlad13 [49]
I think what can be inferred is that each role has a different age scale and different requirements to become said role
4 0
3 years ago
Which of the following is a business organization owned by a group of people for their mutual benefit?
slava [35]
 A cooperative. <span>A </span>cooperative--<span>a business owned by a group of people to meet mutual (economic, social and cultural needs and aspirations).</span>
4 0
3 years ago
Read 2 more answers
Other questions:
  • Business writing is more forceful if it uses active-voice verbs. Revise the following sentences so that verbs are in the active
    6·1 answer
  • A patient who contributes to causing harm is guilty of what kind of negligence ?
    13·1 answer
  • The amount of federal income taxes withheld from an employee's gross pay is recorded as a(n)
    6·1 answer
  • Supply curves tend to be
    12·1 answer
  • Majesty Productions accepted a $7,200, 120-day, 6% note from Swartz Studio on March 1. On the date the note matures, Swartz is u
    14·2 answers
  • Brenda is the owner of a spa store that operates 50 weeks per year. Spair Shampoo is a high margin stock-keeping unit (SKU), but
    12·1 answer
  • What countries are they from? What do you think you could buy with the amounts shown?
    15·1 answer
  • anta Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and in
    15·1 answer
  • gPlease record the following items in journal entry format. Clearly indicate the (a) account name (b) whether it is a (debit) or
    6·1 answer
  • Small dollar value purchase orders can be efficiently and effectively managed by?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!