Additional workers and observe that output rises

Assignment Help Business Economics
Reference no: EM131092359

You are hired to run a company that produces computers. Your first month on the job you hire 10 additional workers and observe that output rises by 100 computers. If you were to hire another 10 additional workers in your second month on the job would output increase by another 100 computers? Explain verbally and illustrate with an appropriate graph.

Reference no: EM131092359

Questions Cloud

Derive the iso-quant curve for firm : Derive the Iso-quant curve for this firm. Derive the Expansion path for the firm if w=1 and r=3. Derive the long run cost function if w=1 and r=3. What is the optimal capital and labor if you want to produce 500 units of output?
Derive the supply curve for this individual firm : Derive the supply curve for this individual firm. If market price is equal to p=40 what quantity would be supplied? What would be quantity supplied if p=20? With free entry and exit and identical firms what would be the long term supply curve for thi..
Econ disecon scale schools : The author of the news article titled "Econ Disecon Scale Schools" in the News folder notes that for years school districts have been consolidated to form fewer, bigger districts because people thought bigger districts would enable the production of ..
Pure competition-monopoly-monopolistic or oligopoly : Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your selection of market structure. Lastly, describe and ill..
Additional workers and observe that output rises : You are hired to run a company that produces computers. Your first month on the job you hire 10 additional workers and observe that output rises by 100 computers. If you were to hire another 10 additional workers in your second month on the job would..
Derive the supply curve for individual firm : Derive the supply curve for this individual firm. If market price is equal to p=50 what quantity would be supplied? There are only 10 firms in the market. Derive market supply curve. Assume demand is given by: P=100-Q. What would be the equilibrium p..
Example of expansionary-contractionary fiscal policy : Aspects of fiscal policy Suppose the economy had been producing at natural real GDP but is now experiencing a recession. Which of the following are discretionary fiscal policies that could bring the economy closer to natural real GDP?  In the precedi..
Makes the wings of the new boeing : Mitsubishi Heavy Industries makes the wings of the new Boeing 787 Dreamliner in Japan. Toyota assembles cars for the U.S. market in Kentucky. If any parts for the cars come from Japan, the parts are Japanese imports. When the wings are sent to the Un..
In two player game in which player has only two strategies : In a two player game in which each player has only two strategies,

Reviews

Write a Review

Business Economics Questions & Answers

  What are the major motives for undertaking FDI

What are the major motives for undertaking FDI for a small firm whose sales are dwindling in its home market? For firm what wants to enter a country with high trade barriers? For a firm with high manufacturing costs in its home market? For a hotel ch..

  What is this years rate of inflation

If the CPI was 110 last year and is 121 this year, what is this year’s rate of inflation? In contrast, suppose that the CPI was 110 last year and 108 this year. What is this year’s rate of inflation? What term do economics use to describe this second..

  Explain why the reduction in employment

Most industrial farms hire migrant workers, so the market for such workers is reasonably taken to be perfectly competitive. Suppose that all farms individually have a short-run elasticity of labor demand of 0.5. Explain why the reduction in employmen..

  Market demand and supply are represented

Let us suppose that market demand and supply are represented in the following equations: What is the equilibrium price and quantity? What is producer surplus? What is the consumer surplus?

  About the budget line

Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20% tax rate and pays $4 per hour in child care expenses for each hour he works. Tom receives $80 in child support paymen..

  Corporate welfare is a term used by

Supporters and opponents of partial privatization of Social Security agree that partial privatization plans would. Corporate welfare” is a term used by

  Create a plan for the client to transfer property

Imagine you are a CPA representing a client preparing for the formation of a foreign corporation. Create a plan for the client to transfer property into the foreign corporation that will generate the least tax consequences.

  Per capita disposable income is expected to decrease

Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.

  Determine if the firms mix of inputs is optimal

Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..

  Inflation and quantity theory of money

Inflation and Quantity theory of Money. Adapted from Jones Q3 Ch 8: What is the key endogenous variable in the quantity theory? (Read chapter 8 if this isn't clear) Explain the effect on this key variable of the following changes (holding everything ..

  Will price be lower or higher

Will price be lower or higher as such an agreement in long-run equilibrium than would be the case if firms didn't collude.

  Qhiro nakamura is ceo of the cola king bottling company a

q.hiro nakamura is ceo of the cola king bottling company a small regional producer operating in the pacific northwest.

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