The GPA you earn in a particular semester is your GPA, and your cumulative GPA for all completed semesters is your GPA O A. total; marginal O B. average, marginal OC. marginalt, average O D. average; total

Q: Rere are many unanswered questions regarding the effects of robots on the future of society, but…

A: The economic impact of robotic advances and AI on the future of society — Self-driving vehicles,…

Q: introduces new techniques or methods so that firms can produce more output per unit of input. O a)…

A: New techniques and methods helps in the increase in output per unit of input i.e. the production…

Q: What you give up to obtain an item is called: Select one: O a. variable cost O b. direct cost OC.…

A: The monetary value that a business has expanded to manufacture something is referred to as cost. The…

Q: The following does not seem to be belonging to the Asian marketplace, other than Japan. O a.…

A: Japan is famously known to home to high-skilled labor.

Q: By completing this table, diminishing returns appear after employing the worker number - 1…

A: The average product is the per unit product. This is calculated by dividing the total output by the…

Q: The entrepreneur's sole function is to combine other resources (land, labor, and capital) in the…

A: The resources which are used for the production of a good or a service are called factors of…

Q: The table shows how the output of wool fabric varies with the number of workers employed in a…

A: Diminishing marginal returns means when increases one unit of factor of Production keeps other…

Q: Which type of cost does depend on a firm's output? Select one: O A. marginal cost O B. total cost O…

A: Fixed cost is the cost that is incurred on fixed factors and does not change with the level of…

Q: You are given the following different technologies for producing 100 metres of cloth. 10 9. 8. 7. 1…

A: The markets in the nations are made up of two sides, the demand side, and the supply side. The…

Q: Answer the question on the basis of the following output data for a firm. Assume that the amounts of…

A: Marginal Product is the addition made to the Total product as a result of employment of additional…

Q: The production function for good X in the table below exhibits increasing marginal returns to…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: d. Which worker(s) are in the region of diminishing marginal returns? e. Which worker(s) are in the…

A: marginal cost is the extra expense caused by the creation of another unit of a decent or…

Q: What you give up to obtain an item is called: Select one: O a. variable cost b. opportunity cost O…

A: Variable costs are the portion of total cost, which rise (fall) with a rise (fall) in output.…

Q: In the short run, when marginal product is positive and increasing O a. stage 1 production O b.…

A: Decreasing but still positive marginal returns characterise Stage II's short-run production. The…

Q: Productivity is O A. the value of profit divided by the number of production workers O B. the value…

A: Hello, thank you for the question. Since there are multiple questions asked here, only the first…

Q: The opportunity cost of a decision is measured in terms of O A. sunk cost. B. the price of a new…

A: The opportunity cost is related to utility.

Q: You own a nice landed house near Xiamen University Malaysia campus. In Jan 2021, you decide to lease…

A: Opportunity cost refers to foregone income that could have been earned if resources were invested…

Q: can produce 100 cookies per day, the cost of the average worker is $32 per day, and the price of a…

A: The profit maximizing condition is given as  MRP( marginal revenue product) = wage

Q: The earnings of workers O a. depend on the highest degree earned O b. do not depend on the college…

A: Marginal benefit(MB) is the extra benefit received from consuming 1 more unit of a good. It shows…

Q: Refer to Table 1-1. Using marginal analysis, how many hours should Eva extend her bakery's hours of…

A: Hours of operation depend on profit-maximizing situation. here we calculate the given by following…

Q: Using the value marginal product concept, what do you expect if the price of the product sold falls?…

A: Marginal Product The marginal product of an input is the additional output that results from adding…

Q: 15) Tanesha sells homemade candles over the Internet. Her annual revenue is S64,000 per year, the…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: As a part of their benefits program, Lonny's Grocery Store offers its employees a PTO package that…

A: Disclaimer: “Since you have asked multiple questions, we will solve the first question for you. If…

Q: From the above table, the diminishing marginal return begins with. employee. Select one: O A. Second…

A: The marginal product of labor denotes the additional output that a firm is able to produce by…

Q: Job search is the activity of looking for job. O A. a permanent full-time B. an acceptable vacant…

A: Job search is the process of looking job for the unemployed or under employed person in order to…

Q: 37. If Y = AKOSL°$ and A, K, and L are all 4, then the marginal product of capital is: а. 2. b. 4.…

A: A=4K=4L=4

Q: An Accountant would say that total costs equal out-of-pocket costs plus opportunity cost. O True O…

A: Economic cost is the sum of out of pocket expenses and opportunity cost  Accounting cost is out of…

Q: 31. Hannan's pizza shop currently produce 100 pizzas per day and sells them for a profit. She is…

A: Hannan's pizza shop is currently producing 100 pizzas per day and is selling them for a profit. She…

Q: The marginal product of labour curve intersects the average product of labour curve from above…

A: Here Answer is "Between 4 and 5"

Q: Marginal cost is the one more unit of a good and opportunity cost of producing increases as…

A: Marginal cost refers to additional cost that is incurred by pricing one more unit of a good.

Q: A firm can hire as much labor as it wants at $5 per hour. In return, each worker pro- duces 10 units…

A: a) The cost per labor is $5 and each labor produce 10 units of output that are sold at price = $2.…

Q: Capital (K) Q= 100 Labor (L) The firm's optimization problem is to minimize total cost for a given…

A: Cost of production is minimized at the point of tangency of isocost and isoquant curves.

Q: Use the following information to answer the question below: Study Hours Grade O1 2 O25 42 S57 69 4 6…

A: Marginal product is the change in total product due to additional unit of input. here two variables…

Q: et opened a candy store. He rented a building for $30,000 a year. During the first year of…

A: Total Revenue = $135,000Explicit Costs = Rent on building +Salary to employees + Utilities +…

Q: 69 O Completed 17 out of 20 Question 7 of 20 Because P> MR, which equation applies to the value of a…

A: please find the answer below.

Q: PPF is based on Select one: a. Indirect cost O b. Opportunity cost c. Variable cost O d. Fixed cost

A: The production possibility frontier (PPF) the combination of two goods and services which can be…

Q: The production function for good X in the table below exhibits increasing marginal returns to…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: If the firm is operating in a high wage country, where capital cost $150 per unit and labor cost…

A: Production cost is the cost associated with both labor and capital cost where labor cost is the wage…

Q: Use the following information to answer the question below: 2 3 5 7 Study Hours Grade 4 10 11 14 124…

A: We are going to calculate the Marginal product of 14th hour of study to answer this question. In…

Q: An example of an opportunity cost not measured in the accounting costs of a business firm is labor…

A: Opportunity cost is the implicit cost, that is foregone income that could have been earned if…

Q: When making a choice between factor inputs such as labor or equipment, or between two different…

A: In a market, firms have various alternatives input resources to choose.

Q: 3. Anlisoquant curve shows All the alternative combinations-of two inputs/that yield the same…

A: An isoquant is a curve that is a convex curve to the origin which shows all the different…

Q: if marginal product is given by 50Q - 5Q2 find the value of Q where marginal product is at its…

A: Answer to the question is as follows:

Q: What are the items that make opportunity cost differ from the accountant's measure of cost? A firm's…

A: A firm's opportunity cost is the cost foregone in terms of the next best alternative to pursue the…

Q: QUESTION 5 Timothy own a Subway franchise. He used flour, oil, seasoning and oven to bake the bread…

A: Factors of production: - The inputs that are used to produce goods and services are known as the…

Q: When Total Product of labors (TPL) is maximized then: OA. Marginal product (MPL) is maximized O B.…

A: The total product is the total units produced by a firm given the inputs and technology of…

Q: Assume that X is great at computer programming AND at cooking pizza. Which of the following is true?…

A: When a person has two options A and B and if one has to choose one of them(let's say option A), the…