Table with given information of output and cost

Assignment Help Macroeconomics
Reference no: EM1315443

Consider a firm that has just built a plant, which cost $20,000. Each worker costs $5.00 per hour. Based on this information, fill in the table below:

Number of worker Hours

Output

Marginal Product

Fixed cost

Variable cost

Total cost

Marginal cost

Average Variable cost

Average total cost

0

0

 

 

 

20,000

 

 

 

50

400

 

 

 

20,250

 

 

 

100

900

 

 

 

20,500

 

 

 

150

1300

 

 

 

20,750

 

 

 

200

1600

 

 

 

21,000

 

 

 

250

1800

 

 

 

21,250

 

 

 

300

1900

 

 

 

21,500

 

 

 

350

1950

 

 

 

21,750

 

 

 

Reference no: EM1315443

Calculate unemployment rate with okuns law theory

Calculate the approximate unemployment rate with Okun's Law Theory that is not in your textbook. To calculate the unemployment rate with Okun's Law - Prosperity and full emp

How much per vehicle should the toll be to cover the cost of

A city engineer knows that she will need 25 million in 3 years to replace toll booths on a toll road in the city. Traffic on the road is estimated to be 20 million vehicles pe

Ensuring the confidentiality of privacy data

Describe what applications, tools, and methods you would use to assess the Systems/Applications Domain's compliance for ensuring the confidentiality of privacy data (HIPAA,

Establish a plan to mitigate risks

After the productive team meeting, Dr. Sallkind, from Valley Healthcare, wants to engage you in further analysis to establish a plan to mitigate risks, threats, and vulnerab

What is the effect of shorter commute on ninas work time

Nina is able to select her weekly work hours. When a new bridge opens up, it cuts one hour off Nina's total daily commute to work. If both leisure and income are normal good

Countries one with a high gdp per capita

Choose two countries one with a high GDP per capita and one with a low GDP per capita. Then choose one of the development indicators we discussed in class and find data on t

Economic profitability within the industry

In this regard the basic approach of this project is for each team to choose a company and provide a medium and long term strategy that could increase its economic profitabi

Very generous employee stock purchase program

You work for a technology firm that offers a very generous employee stock purchase program as a benefit; you can but as much stock as you want and your employer will pay hal

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd