Emily makes cartoons whioch she sells to her classmates

Assignment Help Macroeconomics
Reference no: EM1326419

Calculating the Marginal Product of Labor

Emily draws cartoons that she sells to her classmates. Her average product of labor is five cartoons per hour if she works for one hour, four per hour, if she works for two hours, three per hour if she works for 3 hours, and two and a half per hour if she works for four hours. What is her marginal product of labor at one, two, three, and four hours of work?

Reference no: EM1326419

Questions Cloud

Leaders change strategy if change in feedback : How should leaders change strategy if feedback indicates a change is in order?
What factors should weighed in the creation of a new ais : What factors should be weighed in the creation of a new AIS - Can a new system meet the needs of all users?
Evaluating the case : When the developer learns what Alice has done, he sues her for breach of contract. What result? Explain fully. How would your answer differ, if at all, had the developer paid Alice $5,000 at the time she agreed to hold the offer open? Why?
How standards are intended to create unity : standard issued by either the International Telecommunication Union.It was also stated that "Although standards are intended to create unity, they can have the opposite effect".
Emily makes cartoons whioch she sells to her classmates : Emily makes cartoons whioch she sells to her classmates. Her average product of labor is 5 cartoons every hour if she works for one hour, four per hour
Determining changing ethics : Pick two contemporary issues around which ethics have changed due to external and social elements. Discuss how they have changed, what was required to make the change and how the change has affected
Mmajor successes and challenges of ceo as a leader : A brief summary of major successes and challenges that have contributed to his knowledge and skill as a leader.
Coding standards and testing : Coding Standards and Testing - Is testing a distinct phase of the project, or does it come into play during other phases and Please describe. How can tools help the quality and effectiveness of testing?
Explain the difference between analog and digital : explain the difference between Transmission Control Protocol (TCP) and Internet Protocol (IP).

Reviews

Write a Review

Macroeconomics Questions & Answers

  Equilibrium price for given scenario

Allan Sports sells snowmobiles in a Northern Suburb of the Twin Cities. For the third year in a row sales have been dismal.

  Is energy efficiency the same as economic efficiency

Is energy efficiency the same as economic efficiency? Explain. Under what circumstances would the energy-efficiency automobile described her be economic efficient?

  Aggregate expenditure in united states

We have learnt that in a perfectly Competitive market, all cost savings from a technological advance are passed along to cnsumer in the form of lower prices

  Socially efficient output level

Construct a graph showing the outputs, and prices before and after the corrective taxes were imposed.

  Macroeconomics fourth canadian edition

Answer the following questions as these general questions pertain to the specific issue selected.The questions that you will cover with respect to your choice of broad social issue in the paper are given.

  Calculation of expected utility-maximum amount of insurance

Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?

  Multiple choice questions of economics

Which of the following is the result of competing through advertising for a monopolistically competitive firm? Which of the following is true about advertising?

  Factors shifting the aggregate demand curve

For each of the following events, state whether the aggregate demand curve would increase, decrease, or stay the same.

  Elucidate how he should use information on the marginal

Elucidate how he should use information on the marginal catch at each lake to accomplish this goal.  Illustrate what division on the 40 fishers would you recommend.

  Impact of tax and social optimum

Show that the government can achieve the social optimum by setting the correct tax prices a, b, and c. What prices should it set?

  Utility function and total wealth

What is the amount of the difference between the maximum premium and AFP, and what is this called?

  Factors shifting expenditure function

Discuss how the aggregate expenditure function shifts in response to changes in each of time following variables:

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