Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on the firm's production function are (L = 5, Q = 125) and (L = 6, Q = 152). Then the marginal product of the 6th worker is:
Solved
Show answers
More tips
- G Goods and services How to Choose the Right High Chair for Your Baby?...
- S Style and Beauty Learn how to tie a keffiyeh on your head like a pro...
- S Style and Beauty How to braid friendship bracelets?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- C Computers and Internet How to Learn to Type Fast?...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- D Dating, Love, Relationships How to Overcome Jealousy: Tips and Tricks...
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- W Work and Career How to Start Your Own Business: Tips and Recommendations...
- F Food and Cooking How to Make Delicious Cabbage Pies: The Best Recipes!...
Answers on questions: Business
- B Business Are Layoffs predictable. True or false...
- B Business Select the correct answer and then click DONE. When a straight or extension ladder is used to climb onto or off an upper surface, it must be extended at least how many...
- B Business A television production company wants to start a Web site to sell items and replicas of items from its popular shows. Items on the site are generally sorted by show....
- B Business Which of the following statements is using action words and phrases? A. Organized and coordinated fundraising for the chess club. B. I was a supervisor for the customer...
- B Business Laughlin, inc., uses a standard costing system. the predetermined overhead rates are calculated using practical capacity. practical capacity for a year is defined as...
- B Business Which one of the following statements is correct? a. the market fully anticipates the information contained in an earnings announcement prior to the actual announcement....
- B Business Au.s. citizen accrued $120,000 of creditable foreign taxes last year. the citizen s foreign tax credit limitation for last year is $90,000 (only a single limitation...
- B Business Using an existing brand name to introduce a product that is new to the company into a totally new, unfamiliar market seems like a good idea. several years ago, disposable...
- B Business Stewart beauf is a self-employed surfboard maker in 2016. his schedule c net income is $115,000 for the year. he also has a part-time job and earns $9,100 in wages subject...
- B Business Masterlink co., in applying the lower of cost or market method, reports its inventory at net realizable value. which of the following statements is correct? question...
Ответ:
Explanation:
Given:
(L1 = 5, Q1 = 125) (L2 = 6, Q2 = 152)So we can form the linear equation that model this situation:
The standard form of it is:
Q = mL + b
So the slope of it is:
m =(Q2 - Q1) / (L2 - L1)<=> m = (152 - 125) / (6 -5)
<=> m = 27
Then the marginal product of the 6th worker 27 units of output.
Ответ:
Which stands for Direct payments demonstration Projects
hope this helps