Total product divided by the total quantity of labor employed equals the اختر أحد الخيارات .a. marginal product of labor, O b. average product of labor O .C. average variable cost O .d. average total cost O
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- Marginal product is: a. the change in total product divided by the change in the quantity of labor. b. total product divided by the quantity of labor. c. always positive. d. unrelated to total product.When marginal product is occurs between points A and average product is decreasing. average product, we know average product is increasing. This . When marginal product is average product, we know above below Output A B C MP Units of labor, L AP DFill in the missing values for a, b and c. Units of labour N Total product (TP) Average product (AP) Marginal product (MP) 1 8 2 18 a. Answer 3 b. Answer 8 4 c. Answer 4
- In a short-run production process, a diminishing marginal product of labor explains why marginal cos is? 1.A negative and falling 2.zero 3.positive but falling D. positive and rising(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.Explain the relationship between total product, marginal product, and average product.How does the different combination of TP, MP and AP helps in knowing decreasing,constant and increasing marginal products? Draw suitable diagrams
- 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.Q2. 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.Given the number of labor and the total product in the following table, 1- find the average product (APL) and marginal product (MPL) of labor. 2- Draw Total product (TP), average product (AP) and marginal product (MP) of labor curves
- What is total product at 4th unit of laborDream Line manufacturing has a fixed scale of plant with the levels of total product given in the table below for different levels of labor. Complete the table by calculating the average product and marginal product. Quantity of labor (workers) Total product Average product Marginal product 0 0 1 29 2 54 3 77 4 954 . When the average output reaches its highest level, the average output is .A. is greater than marginal product B. less than marginal productC. is equal to the marginal product D. equal to the total product