(Table) According to the table, the firm should hire Q MPP P 0 $8 5 $8 11 L 0 1 2 3 4 5 6 7 8 9 10 six four five eight 18 A 38 50 61 71 80 85 0 5 6 7 9 B 12 11 10 9 5 $8 $8 $8 $8 $8 $8 nnnnn $8 $8 $8 VMP 0 40 48 56 72 88 C 8629 88 80 72 40 W $80 $80 $80 $80 $80 $80 $80 $80 $80 $80 $80 workers.

Units of resource Total Product Marginal Product 0 0 ----- 1 8 8 2 14 6 3 18 4 4 21 3 5 23 2     If the product the firm produces sells for a constant $3 per unit, the marginal     revenue product of the fourth unit of the resource is what?

11 Refer to Table 10.1. The marginal revenue product of the Table 10.1 a) b) C) d) Total Labor Units (employees) 0 1 2 fifth fourth third second 345 Total Product (T-shirts per day) 0 20 50 75 95 110 worker is $150. Marginal Product of Price per Labor (per day) T-shirt -- 20 30 25 20 15 - $5 5 сл слол сл 5 5 5

As per given information, the table is completed:- (In $) Quantity Price Total Marginal Total Cost Marginal Revenue Revenue Cost 34 20 20 1 32 32 32 36 16 2 30 60 28 46 10 28 84 24 50 4 4 26 104 20 54 4 24 120 16 56 2 22 132 12 64 7 20 140 80 16 8 18 144 4 100 20 16 144 128 28 14 140 -4 160 32 (d) Generally, what are the relative values of price, ATC, and AVC when a monopolist experiences: a profit? a loss but continues to produce? a loss but ceases production? 10

3514e77ebfcb001ff309cb?start=true Chapter 7 - Production, Cost and Industry Structure OPEN Practice similar What is the Smith Co's Total Revenue? $ Submit answer Suppose that the firm Smith Co sells 10 gowns for $115.00 per gown. Each gown costs $74.00 to produce, and Smith Co could rent out their factory space for $330.00 per month. Answers (in progress) O E Answer hp I # $ 9 4 Score -/1 2 ☆ 68°F 6 I am finished 11:12 PM 9/28/2022 LINE 4461