Arepresentative isocost ine () for a fem that uses captal and labor in the production of ouputisustrated in the figure Itthe price of a unit of labor is $450, then what is the price of a unt of capta Captal costs per unt (Enter your response asawhole number) 12-

The president of the local grape growers’association mentions to George that there islikely to be a strike soon over the unionization ofthe grape workers. (Currently they are not represented by any union.) This means that the costsof the grapes might go up by anywhere from 50%to 100%. How might this affect George’s plan?

Charlie owns his own candy factory where he employs individuals to make his world-famous toffee. The graphs show the factory's production for one day. Charlie pays each worker $110 a day and sells his toffee for $0.50 each. Use the accompanying graph to answer the following 2080 1960 Total product questions. 1800 1600 a. Calculate the marginal product of labor (MPL) for the fifth and eighth workers. 1360 1080 760 MPL 5thworker units 400 6. 10 MPL units gth worker Ouantity of workers Quantity of toffee (units)

The marginal product of effort, a typical worker in fast-food burger joint, is one-               fourth burgers per hour; that is, MPe  = .25The price of a burger is $2. The figure               graphs Mac’s marginal cost of effort.                                                                                                                                                                                                                                                                                                                                                                                                                                            If Mac increases his effort by one unit per hour, the change in the burger joint’s revenue is $ per hour.  That is, what is VMPe , the value of Mac ‘s marginal product of effort ?  Plot the VMPe  curve in the figure.   Mac efficient effort e^ is the solution to what equation? Illustrate the solution in the figure. Mac efficient…