Question 6 of 15 Macmil Learning Betsy's Bangles produces and sells woven bracelets. The table shows information about the number of workers employed, daily bracelet production, and the marginal product of labor (MPL). Use this to answer the questions. You must calculate the bracelet values that are absent to answer the question. How many bracelets can be produced by 5 workers? bracelets from 5 workers: Workers Bracelets MPL 0 0 1 5 5 2 * 24 3 43 14 4 * 4 5 2 Between which levels of bracelet production does Betsy's firm experience increasing marginal returns and diminishing marginal returns? There is insufficient information to answer the question. Marginal returns increase from 0 to 5 bracelets then diminish from 29 to 47 bracelets. Marginal returns increase from 0 to 29 bracelets, then diminish from 43 to 49 bracelets. Marginal returns increase from 29 to 47 bracelets then diminish from 47 to 49 bracelets. bracelets

You are HR director for a growing architecture firm in Fort Lauderdale, Florida, which currently has need of drafting 20 blueprints every hour. Each of your company’s architects can create on average four blueprints per hour. You are considering hiring four drafters to shoulder the load; each drafter is slower than the architects and can create on average only two blueprints per hour. You scan the current wages in the Ft. Lauderdale area (https://www.bls.gov/oes/current/oessrcma.htm) and notice that the architects in your company earn the local occupational median wage of $30.14 per hour, but that the prospective four drafters will likely each want to get paid their local occupational median wage of $23.52 per hour. a.   Would your company save money in the creation of the 20 blueprints by hiring the four new drafters and firing some architects? b.   The Bureau of Labor Statistics projects that employment of drafters over the next decade will drop by 1.2%, compared to an increase of…

ques 5

Susan and Katy share an apartment, which they have decided to decorate for the holidays. The figure below shows Susan's and Katy's individual demand for strands of lights, measured metres. Price ($) 40 32 24 20 16 12 Dsusan DKaty 4 10 15 20 25 Quantity If Susan and Katy were to individually decide how many metres of lights to purchase, how much would be purchased if the price of lights were $16 per metre. (Need help? Read chapter 10.3 of the textbook, here: https://playconomics.com/textbooks/view/playconomics4-201913/part3/ch10/s3) 5 metres 10 metres 15 metres 20 metres None of these.

pls, solve this ques within 10-15 minutes with clear explanations and also explain why other options are wrong I'll give you multiple upvotes.

I have an exam today, and am really struggling with my material. This is intermiediate Microeconomic Theory.

Q24

Define the Various Mathematical Implications of Homoskedasticity?

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what does it mean for a market to be charcterized