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- How were the small business before Covid 19?fast plz2. Graphing demand for labor and computing the optimal quantity of labor demanded A company operates in a competitive market, selling each unit of output for a price of $20 and paying the market wage of $330 per day for each worker it hires. In the following table, complete the column for the value of the marginal product of labor (VMPL) at each quantity of workers. Labor Output Marginal Product of Labor Value of the Marginal Product of Labor (Number of workers) (Units of output) (Units of output) (Dollars) 20 1. 20 19 2 39 18 57 15 72 12 84 On the following graph, use the blue points (circle symbol) to plot the firm s labor demand curve. Then, use the orange line (square symbols) to show the wage rate. (Note: If you cannot place the wage rate at the level you want, move the two end points individually.) Hint: Remember to plot each point halfway between the two integers. For example, when the number of workers increases from 0 to 1, the value of the marginal product for the first…
- Edit View History Bookmarks People Window Help Tab 100% Thu 9:40 AM Group | Internship focu X sakai.rutgers.edu : FRM COLO X Chapter 6 - Knewton knewton.com/learn/section/02a22af7-Ofc1-4bd0-adf0-6b695b188b23/quiz/121b96ba-a283-4cac-b674-6cf08293504c/results HBO Max N Netflix НВО Маx a Prime Video Disney+ Sy Symbolab Youtube Target 4p Chase Navy Federal C Chegg WS.J WSJ 1R Rutgers Zoom Khan Academy QUESTION 7 0/1 POINTS Quantity of Product A Total Utility Marginal Utility Quantity of Product B Total Utility Marginal Utility 1 16 16 1 30 30 30 14 46 16 42 12 61 15 52 10 4 75 14 60 8. 88 13 66 6. 6. 100 12 7 70 4 7 111 11 Please refer to the table above. The price of Product A is $1 and the price of Product B is $3. How many of Product A is in the optimal consumption choice if this consumer is limited to spending $25? X That's not right. 4 unit(s) of Product A FEEDBACK 234 n6C Cever | Porta! S Schoology E Google Meet G I ttle word Google Search x G acvero meanrg Gooc i legacynv.schoology.com /common assessment delivery/start/48732619797action-onresume&submicsionld-518411444 a Student Links Settings A clever S school E nathan meet C clevbom A Join a Presentation. Why People Work | Get Set to Read | Pre-Test Producers grow, make, or sell things. O True O False Nex 1 2 3 4 5 6 7 8 9 10 hpization and trade h X al for School PRDG 100 text C2024 SPRING CRED learn.maricopa.edu/courses/1315553/quizzes/3862261/take ome hat yllabus Modules Assignments Discussions Grades Library Resources New Analytics Student Resources Tutoring Studio ing S + 7 Course Placement CT2Learn P In-Text Citations Suppose that an hour of work in Brazil can produce 1 pound of coffee or 4 pounds of sugar. In Colombia, an hour of work produces 2 pounds of coffee or 5 pounds of sugar. Which country has the absolute advantage in coffee? Which country has the absolute advantage in sugar? What is the opportunity cost of coffee? In Brazil In Colombia What is the opportunity cost of sugar? In Brazil ▸ Study.com G Google In Colombia Q Search sugar H sugar coffee Which country has the comparative advantage in coffee? coffee Which country has the comparative advantage in sugar? FB 00 PRE DELL W ParentVUE SAM SAM y Informal speech prt sc 4 RE home New Tab H
- evrolet 2020 Ford Mustang Why was the car on the right more affordable in 2020, for an average household, than the car on the left in 1950? OA Price controls by the federal government. OB Economic growth OC. The car on the left has many things that the car on the right does not have (e.g., air conditioning, power steering, power brakes, automatic transmission, power windows, independent front wheel suspension, computerized systems monitoring, satellite radio, and white wall tires) OD There were fewer automobile firms in 1950, and therefore less competition which gave the firms "pricing power."Plz fastAutomated for the people Automation risk by job type, % 10 20 30 40 50 60 Food preparation Construction Cleaning Driving Agricultural labour Garment manufacturing Personal service Sales Customer service Business administration Information technology Science & engineering Healthcare Hospitality & retail management Upper management & politics Teaching Source: OECD Economist.com Looking at the chart above Describe how technology is projected to affected the demand and supply of workers. Which industries are project to replace workers with machines?