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- (a) Complete the following table and draw the corresponding graphs. Capital inputs Labor inputs Total product Average product Marginal product 20 0 0 20 1 15 20 2 34 20 3 51 20 4 65 20 5 74 20 6 80 20 7 80 20 8 75 (b) What is relationship between MP and AP? Explain why MP first rises, then declines and ultimately becomes negative? (c) Whether the above phenomenon is long run or short run and why? (d) Does law of diminishing marginal returns holds in above scenario? Why and why not.46. 4G 11:25 Receipt of cash 1. Devising an Idea 8. 2. Making purchases (e.g. of inventories) Delivery of goods to customers Receipt of orders after completing producțion 3. Receipt of orders before commencing production 4. Completion of production Commencing production 5. Progressivaly throughout production The operating cycle (Source: AARF, ED 51B) Using the operating cycle provided above, identify in each case at what point in the operating cycle (1-9) the revenue should be recognised. Provide full justification and give basis for your choice. 1. A soft-drink manufacturer 2. A legal firm 3. A theatre that sells season tickets to musical productions 4. A gold-mining company 5. A company which sells houses on an instalment plan: term of payment extending to 20 years: buyers assume all risks of ownership: buyers pay a deposit of 25% pf the sales price 6. A contractor building a bridge for the governmentMm.14. Subject :- Economic
- (The answers are listed in the parentheses please show work on how to get those answers)George Kyparisis makes bowling bals in his Miami plant. With recent increases in his costs, he has a newfound interest in efficiency. George is interested in determining the productivity of his organization. He would like to know if his organization is maintaining the manufacturing average of a 3% increase in productivity. He has the following data representing a month from last year and an equivalent month this year: Last Year Cost Per Input Unit Now Units Produced Labor (hours) Resin (pounds) Capital Invested ($) Energy (BTU) 1,000 1,000 280 255 $10 per hour $6 per pound 1% per month $0.50 per BTU 48 43 9,000 10,000 3,000 2,850 The percent change in productivity for one month last year versus one month this year on a multifactor basis with dollars as the common denominator =% (enter your response as a percentage rounded to two decimal places).Please give me correct answer with calculation otherwise i give multiple downvote