Answer:The formula for calculating marginal product of labour is output/no of workers
Explanation:For each day ,you will divide the output by the number of workers to get the MPL
Day 1 = _ because no production took place
Day 2 = 60/1=60
Day 3 = 100/2 =50
Day 4 = 130/3 = 43.3
Day 5 = 150/4 =37.5
Day 6 =160/5 =32
This in in line with the law of diminishing marginal product of labour .
Based on the process that Lemony Lemonade uses to make lemonade, the equivalent units for conversion costs is 1,600 units.
<h3>What equivalent units are for conversion costs?</h3>
This can be found as:
= Number of units that are WIP x Percentage of completion
Solving gives:
= 3,200 x 50%
= 1,600 units
Find out more on equivalent units at brainly.com/question/16259709
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Potential GDP = $20
Real GDP =$19.2
so an output gap is measured relative to potential output and it is calculated according to the formula [( X - Y ) Ă· Y] Ă—100. In this case, the output gap is [($10 billion - $8 billion) Ă· $8 billion] Ă—100 = 25%.
