Select the values that correctly fill in the table

Consider the production function Q = 20K1/2L1/2. The firm operates in the short run with 20 units of capital. a. The firm’s short-run production function is Q = ______________.b. The average product of labor function is AP = _____________.c. The marginal product of labor function is MP = ____________.Now, let the wage be ₱500.00.d. Derive AVC(Q).e. When 160 units are produced, _____________ units of labor are employed, and the averageproduct is ____________. Average variable cost is ₱___________.f. Derive SMC(Q). ANSWER ONLY  D, E ,F

8.Suppose the marginal product of labor is MPL=10 and the cost of each worker is w=50.  What is the marginal cost at this point? Hint: In discrete terms, MPL=output from adding an additional worker, w=cost of an additional worker, and MC=cost of an additional unit of output.

Assume that the above data are for Ali's Surfboards firm which hires workers at $500 a week and its total fixed cost is $1,000 a week.Calculate APL,MPL, AVC, AFC, AC, and MC of each output in the table, ( Values are given for L=1, you are asked to do the rest up to L=7).Labor Output APL MPL AVC AFC AC MC

Calculate the Marginal Product (MP) at each input level. If the price of printer is $100 each, calculate the Value of the Marginal of labor (VMPL). If the wage rate (per week) is $1800 , how many workers will be employed? If  the firm decides to hire 14 workers, what is the maximum wage the firm would be willing to pay?

Q9 please help fast! All info is there Suppose that the firm has production function F(L,M) = 4L1/2M1/2 (where L is the number of workers and M is that of machines) and currently uses 16 machines. To produce 32 units of output, how many workers does the firm need to hire?

Suppose you are considering hiring another worker. Also assume that you are at a firm that is operating at a point where the marginal product of labor is 5 and the price of each unit of labor is $2, and the marginal product of capital is 20 and the price of each unit of capital is $10. Should you hire another worker?  If you hire another worker, what will happen to the marginal product of labor and why?

Exercise: If the fixed Input capital Is K* = 3 and the variable input of labor is from 0 by 2's to 20; and output Is from 0 for 0 labor, 76 for 2 laborers – from 76 Increase for every 25% of output starting for 4 laborers to 20 laborers. Find the change in labor, output, marginal product of labor and average product of labor. Show it in a table. Number of Labor (L) (1) (2) DL Change in Labor (3) (4) Total product or Output (Q) (5) (6) Average product (AP=Q/L) (8) Marginal product (MP-=DQ/DL) (9) (10)

Known function is the production of a commodityQ = 40X + 12X2 - 1.2X3a. Calculate how many units of input X in order to achieve maximum total productb. Calculate how many units of input X in order to achieve maximum marginal productc. Calculate how many units of input X in order to achieve maximum average product

. In the short run, labor is a hat-making firm’s only variable input. Wage rate is $5.00/hour. The firm currently employs a certain amount of labor H (hours), such that the marginal product of labor is 10 hats per worker-hour, and average product is 15 hats per worker-hour. MPL(H) = 10; APL(H) = 15. (Note: marginal and average products of labor for this firm are not constant. 10 and 15 are their values at a particular point, H, not everywhere.) What is the marginal cost of a hat for that firm?