Labor When the firm uses 40 units of labor, how much output does it produce? 1,600 units B 2,800 units C none of the above D 4,000 units E 400 units

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

Answer all and get like. Hand written solutions are strictly prohibited

*Average Variable Cost The table shows the cost structure of a firm producing computer mainframes. Calculate the missing values A through H and enter these into the boxes provided. A: 20000 B: 20000 C: 277.78 D: E: F: G: Н:

Calculate the value of total cost when average cost is $35 and the no of inputs employed is 5

None

If the cost of an oven is $500, what is the marginal product per dollar spent on capital for the second oven? Read again before you answer. Labor Total Product Capital (ovens) (workers) (cakes) 8 6,000 8 10,000 8 13,000 Type your numeric answer and submit 123

A cost that changes with the level of production is called a(n)____cost a.variable b.average total c.marginal b.fixed

When Marginal Product of Labor intersects the Average product of labor, minimum average product of labor obtains at the intersection. True False

The following table represents the short-run total cost schedule of a bottled water manufacturer. Study the table below and then answer the question. When output increases from 30 to 80 bottles of mineral water, the marginal cost of producing one of those 50 bottles of mineral water is: Labour (workers per day) Output (bottles of mineral Total cost (R) water per day 0 0 400 1 30 700 2 80 1000 3 120 1300 4 140 1 600 5 150 1900 a) R5 b) R6 이이 c) R12,50 d) R20