With the addition of the fourth unit of input, the marginal product is   Multiple Choice   10 and the average product is 42.   74 and the average product is 10.5.   10 and the average product is 10.5.   10.5 and the average product is 10.

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A: According to the question, te gives schedule represent a production function which is only the…

Q: Which of the following is not possible? When the total product is decreasing, marginal product is…

A: Total product is the summation of the all product produce with the help of factors of production.…

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Q: With the addition of the fourth unit of output, the marginal product is A 10 and the average product…

A: Answer to the question is as follows:

Q: The question is based on the following table, which provides information on the production of a…

A: It refers to the change in the total product when additional units of input are added. Marginal…

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A: Multifactor productivity is the measurement that compares the output with the total amount of inputs…

Q: Output Total Cost 0 24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The…

A: Fixed cost is the cost that does not vary with the output produced.

Q: A firm’s only variable factor is labour and it produces a single product, X. It also has fixed…

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Q: Adam operates a factory that produces beach towels. His current level of output equals 2000 towels…

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A: The office furniture manufacturing firm paid a competitive wage of $120 and the sells each chair…

Q: A firm has two plants that produce identical output. The costs functions are C,=10g-4q² + q³…

A: TC1 = 10q - 4q2 + q3  AC1 = TC1/q AC = 10 - 4q + q2 Average cost will be minimum when it's…

Q: Explain every point with graph. 1. Economic and business cost . 2. Short run production analysis /…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Input Total Product 20 32 42 50 55 58 8. 58 56 1. From the table given above, answer the following…

A: AP is the average product which is the ratio of total product and input.MP is the Marginal product…

Q: QUESTION 18 Use the data in the following table to answer the question. Output Total cost (Units)…

A: Question 18 TFC = TC at 0 level of output TVC = TC - TFC AVC = TVC/Output ATC = TC/Output Now,…

Q: The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential…

A: Answer: Normal profit: normal profit occurs when the value of economic profit is zero. Economic…

Q: A firm estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2.…

A: Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total cost is TC = $2.5*L + $2*K + $.75*F. w =…

Q: Calculate the following variables for the Scenario A given below: • Explicit (Accounting) Cost, •…

A: Given details:- Business Information( per annum ):- Company's revenue          = $ 95,000…

Q: Output Total Cost 0 24 1 33 2 41 3 48 4 54 5 61 6 69 Refer to the above data. The…

A: total cost measures the cost incurred in order to produce an output. TC=TFC+TVC

Q: Answer the question on the basis of the following cost data. Average Fixed Average Variable Output…

A: Average variable cost (AVC): - it is the average value of the cost incurred due to the employment of…

Q: When a firm experiences economies of scale in production, a. long-run average total cost declines as…

A: In the long run, firm can change its all factors of production and produce the output where the…

Q: When the quantity of a variable input is increased from 4 to 6 units, the total output increases…

A:

Q: Labor Output Fixed Cost Variable Cost (Number of workers) (Units) (Dollars) |(Dollars) 30 100 30 15…

A: Total cost is the sum of fixed cost and variable cost. Fixed cost is the cost that remains same at…

Q: Ouput Total Cost 0 $ 10 1 20 2 28 3 38 4 53 5 73 6 98   Refer to the provided table. The total…

A: Variable cost are the cost which is variable in nature by changing this factor we increases and…

Q: Minimum efficient scale occurs at an output of 10000 d. 35000 22000 e. 43000 c. 28000   At which…

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A: Average product refers to the labor contribution in the production process which is the outcome of…

Q: Consider this production function. Study hours 1 4 5. 10 11 12 13 14 15 or more Grade 20 33 42 50 57…

A: [1] Lets discuss options one by one:-a. UK workers have more free time than Greek workers.Ans. UK's…

Q: B. SHORT-RUN PRODUCTION FUNCTION WITH Y=2 Units of Variable Average Total Product Marginal Product…

A: Formula to calculate AP and MP:- Average product:-                           AP=TPQ Marginal…

Q: 1a) Suppose a firm’s TC = 50Q.75. What is Marginal Cost for the 100th unit of production? Use a…

A: Note:- Since we can only answer one question at a time, we'll answer the first one. Please repost…

Q: (1) (2) (3) (4) (5) Variable Input Price per Marginal Cost Total Fixed Variable Input Cost Output 1…

A: Marginal cost is the change in total cost due to change in output produced. Marginal cost = (change…

Q: m estimates its production function as Q = 2.4 + 30*L -.5*L2 + 30*K -1.00*K2 + 15*F -.3*F2. Total…

A: Q= -2.4 + 20L - 0.5L2 + 30 K - K2 + 15F - 0.3F2 TC = 2L + 2.5K + 1.75F w = 2, r = 2.5, f=1.75 (the…

Q: Suppose that the following statement is true: "when L increases from 20 to 21, average product of L…

A: Average product= OutputLabor Therefore, Output=Average Product×Labor As given: At L=20, Average…

Q: Which of the following statements is true? * If average product equals marginal product, average…

A: Average product is regarded as per unit product of variable factor, for example, labor. When the…

Q: How do you solve this and can you show me step by step?

A: The cost function of two plants can be expressed as follows.

Q: Answer the next question(s) on the basis of the following cost data. Notice that fixed cost is $24.…

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

Q: Emco Company has an assembly line of fixed size A. Total output is a function of the number of…

A: MPL = Change in Q / Change in L APL = Q / L L Q MPL APL 0 0     1 10 10 10 2 35 25 17.5…

Q: Complete the following table: Marginal Quantity Of Average Product of Product of Variable Total…

A: Output =Output of last input + MP of this input Output (2)=50+30=80 and so on Or Output =AP* Number…

Q: From your knowledge of the relationships among the various production functions, complete the…

A: Total Product =Average product x Variable Input  Average Product = Total Product/Variable Input…

Q: Units of Total Average Marginal Labor Product Product Product 1 100 2 125 3 300 4 20 5 290 the table…

A: Law of Variable proportion shows that as we increase labour the production initially start to rise…

Q: The Yorkshire Cricket Company makes cricket bats out of lumber supplied to it by Acme Sporting…

A: It is the ability of a business or company to earn maximum profit with low cost which is considered…

Q: Using the data in the above table, the average fixed cost of producing 16 units is

A:

Q: Product Costs Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: 7. The unit price of production input K is 8 euros and the unit price of production input L is 10…

A: Answer: Given, Price of K = 8 euros Price of L = 10 euros Production function: Y=K/4+L To find:…

Q: Answer the question on the basis of the following cost data. Output Total Cost $ 24 1 33 2 41 3 48…

A: Variable cost is the cost that moves directly with respect to business activity. That is, one pays…

Q: You are a manager at Glass Inc.—a mirror and window supplier. Recently, you conducted a study of the…

A: Marginal product of labor refers to change in the total production due to change in the one unit of…