Robert can make 10 pizzas each hour. He works 8 hours each day. He Is paid $100 a day. The shop can sell the pizzas for $15 each. What is Robert's value of marginal product of labor? A. $1300 B. $1400 C. $1100 D. $1200
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Robert can make 10 pizzas each hour. He works 8 hours each day. He Is paid $100 a day. The shop can sell the pizzas for $15 each. What is Robert's value of marginal product of labor?
A. $1300
B. $1400
C. $1100
D. $1200
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- Robert can make 10 pizzas each hour. He works 8 hours each day. He is paid $100 a day. The shop can sell the pizzas for $15 each. What is Robert's value of marginal product of labor?The hiring of labour with fixed factor of production under short run after sometimes leads to increase in short only.whats your opinion at what stage of production producer should make addition in labour. Identify which concept in economics explain the whole situation and why it happens?Week 6: Production Process Answer the following questions Question ·Bottom of Form XYZ restaurant sells donuts at $2 per unit. It uses 5 units of capital and employs labor in the short run to increase production. Complete the following table and use that information to answer the following questions. K L Q MPL VML 5 0 0 0 5 1 50 50 100 ----- 2 125 ------- 5 3 225 100 a. What is the Marginal Product of Labor for the 2nd worker? Explain b. What is the VMPL for the 2nd worker? Explain.
- workers ouput marginal product total cost average total cost marginal cost 0 0 0 200 0 $0 1 20 20 300 $15 $5 2 50 30 400 $8 $3.33 3 90 40 500 $5.56 $2.50 4 120 30 600 $5 $3.33 5 140 20 700 $5 $5 6 150 10 800 $5.33 $10 7 155 5 900 $5.8 $20 can you explain diminishing marginal product based on these numbers?Economic As I hire more and more workers – one, two, then three – what happens to the marginal product of labor?Define marginal physical product of labor (MPP) and marginal cost of product (MC). How are these two related? Why is MC called the mirror image of MPP? Explain. Answer must correct.Describe it step by step. Don,t copy from anywhere.
- Having a marginal product of labor that increases over low levels of employment is common in this situation. Why is that? a) The first workers a firm hires are just better workers than workers hired later on- they applied first and really want the job. B) often it has to do with specialization- workers are able to divide up tasks and be more productive. Is the answer a or b?Please help The marginal product of the fifth student is ….' cabbages a day. The average product of 5 students is …. cabbages a day. >›› Answer to 1 decimal placeMake a table to complete AP and MP. Then, draw a suitable diagram to show the production theory in this case. Below is the table for the reference. Input X Input Y Total Product (TP/Q) Average Product (AP) Marginal Product (MP) 1 0 0 1 1 20 1 2 80 1 3 180 1 4 230 1 5 270 1 6 270 1 7 210
- Shan's Dumpling House can produce 100 dumplings, using one worker, and 175 dumpling, using two workers. What is the marginal product of the second worker? Explain your answer.Define marginal physical product of labor (MPP) and marginal cost of product (MC). How are these two related? Why is MC called the mirror image of MPP? Explain. Answer must correct. Describe it step by step. Don,t copy from anywhere. Use word file for answer. Use graph. word limit minimum 350 .If the total product of two workers is 80 and the total product of three workers is 90, then the average product of the three workers is ________ and the marginal product of the third worker is ________. a. 20; 30 b. 160; 110 c. 30; 10 d. 20; 3.33 e. All the other answers are wrong.