3150 8130 $100 200 8 adjoin 8 88 60 0 O Multiple Choice 250 375 Units of labor What is the marginal rate of technical substitution at each cost minimizing equilibrium poll 0.80 0.40 120 2.50 2.00 Q-1,200 Q-800 Q-400 500 Seved impossible to tell without marginal products

70 60 50 40 30 20 10 0 $ 0 10 20 30 40 LS MFC VMP MRP 444L 50 01. Assuming the price of the product is $2.00, what is the Marginal Physical Product (MPP) of Labor of the 45-th unit of labor? (a) 10 (b) 20 O (c) 30

Calculate the Average Total Cost for points A & B. Input (Labor) Output TFC TVC TC MC ATC AVC 4. 50 $125 $15 85 $125 $30 O A-S35 -525.83 O 4:52.80 B-5182 OA-S0.36 B-50.s OAS250 BS147 Question 4 Calculate the Average Variable Cost for points A &B Input (Labor) Output TFC TVC TC MC ATC AVC 4. 50 $125 $15 85 $125 $30 OA52.50 -4147 OAS030 -5035

In the, between what two levels of output does one first observe the law of diminishing returns? Labor(workers)   Total prosucts(units) 0                                         0 5                                         1000                                           10                                       3000   15                                       4000   20                                    4500 Select one. 4000 and 4500 1000 and 3000 0 and 1000 3000 and 4000