11) When the total product curve is falling, the: (a) marginal product of labor is zero. (b) marginal product of labor is negative. (c) average product of labor is increasing. (d) average product of labor must be negative.
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(11) When the total product curve is falling, the:
(a) marginal product of labor is zero. (b) marginal product of labor is negative.
(c) average product of labor is increasing. (d) average product of labor must be negative.
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- A company produces 7040 Units of its product and sold it for $1.10 per unit. To produce these company receives the expenses as: Cost of labor: $1,000 Cost of materials: $520 Cost of overhead: $2000 What is the multifactor productivity?Question 4: Compute the total mixing cost (fixed and variable) from the following graphical information. a = $25000 Total fixed cost b = the variable cost per unit of activity (slope) = $3.0 430 X = Activity level for production = 800 units x Mixed cost =A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital and $200,000 onmaterials. What was the firm’s accounting profit?
- please discuss this statement “Thw technical pattern that statistically significant could be economically insignificant.”30- A graph represented by a straight line parallel to the output of the X-AXIS is an image of which classification of cost? a. Marginal cost b. Production cost c. None of these d. Total fixed cost(6) If marginal product is greater than average product (a) total product must be increasing. (b) marginal product must be decreasing. (c) marginal product must be increasing. (d) average product may be increasing or decreasing.
- Answer all questions Question 1 Calculate the productivity for the following operations: Three employees processed 600 insurance policies last week. They 8 hours per day, 5 days per week. A team of workers made 400 units of product, which is valued by its standard cost of $10 each (before markups for other expenses and profit). That accounting department reported that for this job the actual cost were $ 400 per labor, $1000 for materials and 4300 for overhead. Question 2 a) Find the productivity if four workers installed 720 square yards of carpeting in eight hours. b) Compute for the productivity of a machine which produced 68 usable pieces in two hours. Question 3Compute the multifactor productivity measure for an eight-hour day in which the usable output was 300 units, produced by three workers who used 600 pounds of materials. Workers have an hourly wage of $20 and material cost is $1 per pound. Overhead is 1.5 times labour cost.Question 4A health club has two employees who…Martinez Company's relevant range of production is 7,500 units to 12,500 units. The unit costs when it produces and sells 10,000 units are provided in the table. If 12,500 units are sold, what is the variable cost per unit sold? Amount per unit ($) Direct materials 6.00 Direct Labor 3.50 Variable manufacturing overhead 1.50 Fixed manufacturing overhead 4.00 Fixed selling expense 3.00 Fixed administrative expense 2.00 Sales commissions 1.00 Variable adminsitrative expense 0.50What production function is applicable for the 3 stages of production?
- River Girl Fly Fishing Shop applies overhead at a rate of $5 per direct labor hour. At the end of the month, the company had accumulated 7000 direct labor hours and incurred $38000 in manufacturing overhead. Manufacturing overhead was $600 underapplied. $3000 underapplied. $600 overapplied. $3000 overapplied.Solve the questions to find all these parts and show a clear working of how you obtained this question. (D,e, f) needed10 . If marginal product is less than average product, then average product is : A. decreasing b - fixed C- None of the above d - growing