The table below gives information on the short-run relationship between the units of labor and pounds of cotton picked per day. The total product corresponding to 4 units of labor equals Table 7.2. Units of Labor (worker-days) 0 1 2 3 4 5 6 7 8 Total Product (pounds picked per day) 0 100 250 450 700 750 750 700 Marginal Product (pounds picked per day) 100 200 150 50 0

The total amount spend on production of 500 machines are $100. The selling price of a machine is $ 25. Calculate the profit of the firm.

If the shopper would assume that the value of the glutathione will upsurge on the upcoming days, it will result to Select one: a. Decrease in supply in the next period b. Decrease in demand in the next period c. Increase in supply in the current period d. Increase in demand in the current period

Find the value of total revenue if output is 60 units and average revenue is $10

Do not use Ai

Vintage Camera T Temple MIS G is You have the following data for product X: sales revenue $14,000, allocated fixed costs $12,000, variable costs $20,000. You cannot increase the price of product X or improve the production process to increase profitability. What should you do about product X? O do nothing - unprofitable products are just one of the costs of doing business O keep the product both in the short term and in the long term O keep the product in the short term and drop it in the long term O drop the product both in the short term and in the long term O drop the product in the short term and keep it in the long term

The following scenarios describe products that are price.... ? 1. The new Mercedes sports car costs over 200,000 dollars 2. Jamal picks a box of corn flakes amongst the many available brands ? 3. Carl buys a large bag of gummy candies for 1 dollar ? A. Elastic B. Inelastic

Answer all as they are subparts and get like don't upload any graph. Hand written solutions are strictly prohibited.