Based on the graph below, how much is the marginal product of labour of the sixth worker, if Q5=67 units per period and Q6=88. Q in Units/period Q6 Q5 Lin Workers/period nits per period
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- in 1977. The base period, fine wood company's unit labor requirements were 2 labor_hours per chair. 4 labor_ hours per table, and 3 labor_hours per bookcase. In 1980 , fine wood company's expended 50000 labor_hours to produce 21000 chair's 3000 tables , and 2000 bookcases. Compute the 1980 productivity indexWhat is total product at 4th unit of laborHand written plz asap please fast... I'll rate if hand written plz asap
- JayZee is the new sensation in the fashion industry, his cloth line is being appreciated and liked by the masses. Due to increased demand he decided to hire more labour (variable factor) while it is not possible for him to extend his warehouse size. If he hires you as an expert to ensure maximum profits with following information, take the best decisions. Total Product Units of Capital Units of Labour 0 5 0 100 5 1 240 5 2 400 5 3 500 5 4 560 5 5 570 5 6 570 5 7 520 5 8 460 5 9 Find: AP, MP and TR (show calculation) Find: Identify the three stages of production Construct the curves of TP, MP and AP Suggest how many labour should JayZee hire and why.Weekly production for a potter varles with the number of workers employed, as shown in the table below. Number of workers 1 2 3 4 5 Total product (units of pots) Marginal product Average product 0 90 360 486 540 435 90 90 a. Enter the values of marginal product, when adding each worker, in the table above. Include a minus sign (-) when entering any negative values.Who are gig workers? What labour practices can be adopted for gig workers working in gig economy? Explain with the help of suitable examples.
- Uncertain if what I have so far is correct and don’t know how to find the new total for workersFind the average productivity of a factor when the total output is 1440 units and the total number of units of a factor are 18 .The change in ourtput or total product the business would achieve in the current period byexpanding the usė of an input by another unit is: O The Marginal physical product (b) Thie Total physicał product (0) The Average pbysical product (d) The Marginal valuè product,
- Assume a firm is a monopsonist that can hire its first worker for $6 but must increase the wage rate by $3 to attract each successive worker (so that the second worker must be paid $9, the third $12, and so on). The marginal revenue product of labor is given in the table below. Marginal Revenue Product Units of Labor 1 $30 24 3 18 es 4 15 12 10 a. Draw the firm's labor supply and marginal resource cost curves. Instructions: (1) Use the tool provided 'Ls' to draw the labor supply curve (plot 6 points total). (2) Then use the tool provided 'MRP' to draw the marginal revenue product curve (plot 6 points total). (3) Finally, use the tool provided 'MRC' to draw the marginal resource cost curve (plot 6 points total). To earn full credit for this graph, you must plot all required points for each curve.Kilogrammes of grain produced (thousands) 12 After the shift from A to B, labour productivity remains the same. Number of farmers 008 008 0000 009 2400 1200 0- 00. 00 00- 00- 009 00- B. 008 00- The diagram below shows an agricultural production function. i2/attempt.php?attempt3D366292&cmid%=1570973What is the marginal product and average product of employing 3rd labor- (1) Total Labor Units Product (Employees) (Sandwiches per Hour) 0 1. 2 3 15, 10 5, 12.5 5, 10 (2) 10, 10 0 10 25 30