How would each of the following likely affect the real wage and employment of unskilled workers on an automobile plant assembly line? a. Demand for the type of car made by the plant increases. p. A sharp increase in the price of gasoline causes many commuters to switch to public transportation. c. Because of alternative opportunities, people become less willing to do factory work. d. The plant management introduces new assembly-line methods e. Robots are introduced to do most basic assembly-line tasks.

Production costs of books are presented in the table below. Labor Quantity Fixed Cost Variable Cost Total Cost MarginalCost AverageTotal Cost 0 0 $80 $0 $80     1 10 $80 $30 $110     2 26 $80 $60 $140     3 46 $80 $90 $170     4 65 $80 $120 $200     5 78 $80 $150 $230     Using the table above, find out the marginal cost of the 46th book produced, in dollars.

Mc Graw c) Assuming that the cost of employing each worker is $220 per day (including wages and materials), and Custom Made Pot has daily fixed costs of $400, fill in Table B given below: Round your AVC and MC answers to one decimal place. Number of 2 WorkersOutput TVC($) 3 4 S TP 6 10 80 180 240 Quantity of labour 280 294 TFC Table B TC AVC($) ATC MC($) Prev 1 of 8 SAMSUNG Next >

Marcoeconomics Provide q auality solution for better ratings

10

Help Save & Ext Assume that an appliance manufacturer is employing variable resources X and Y in such amounts that the MRPs of the last units of X and Y employed are $80 and $70, respectively Resource X can be hired at $40 per unit and resource Y at $60 per unit. The firm Muple Choice is producing with the les combination of X and Y but could increase its profts by employing more of Xands of fe barot raksh ma bet of y

7. Fancy Footwear manufactures shoes. The figure below shows Fancy Footwear's marginal product of labor and average product of labor curves in the short run. Output (Quantity of footwear) monoos Icunns a'boral ai rud W d 1 1 2 3 4 5 6 7 8 13g moondaM (abanog) (s B a. Identify the Marginal Product and the Average Product? 23/10W A Labor (units) b. For what quantity of labor does production display diminishing returns? od oldat on BM to dinom od not

Give four explanations for why firms might find ii profitable lo pay wages above the level that balances quantity of labor supplied and quantity oflabor demanded.

Lets assume this situation is real! Dissimliar to Lyft, where drivers have their own vehicles, Ebay delivery companies own the delivery trucks and hire drivers. Refer to the table below, what is the marginal product of the 4th delivery driver? Using the table, if the profit/delivery is $5, what is the value of the marginal product of the 2nd delivery driver? Using the information above, if the pay rate is $170/day, how many delivery drivers should the company hire?

7 Output for a simple production process is given by Q- KL, where K denotes capital and i denotes labor. The price of inbor is $10 per unit and the price of capital is $2 per unit. If at the current level of production the marginal product of labor is 8 while the marginai product of capital is 2, then in order to minimize your costs of production you should use Multipie Choice more capital and less labor the same ahount of both inputs more labor and less capital more of both inputs.