Which is concerning the marginal-physical-product curve

Assignment Help Macroeconomics
Reference no: EM13180591

1. Which of the following statements concerning the marginal-physical-product curve above is true?

A)Total physical product reaches a maximum between 7 and 8 workers.

B)The total physical product of the first unit of labor is 100.

C)The marginal physical product of the first unit of labor is 100.

D)The average physical product of the first unit of labor is 100.

E)All of the above.

2. It can be determined from the marginal-physical-product curve shown above that

A)marginal physical product reaches a minimum with the first worker.

B)total physical product reaches a maximum with the eighth worker.

C)marginal physical product reaches a maximum with the eighth worker.

D)total physical product reaches a maximum between seven and eight workers.

E)total physical product reaches a maximum with the second worker.

3. In the marginal-physical-product curve shown above, the firm experiences diminishing marginal product after the quantity of labor reaches

A)8.

B)7.

C)2.

D)1.

E)4.

Reference no: EM13180591

Previous Q& A

  Find an equation for the parabola

Highway engineers design a parabolic curve for an entrance ramp from a straight street to an interstate highway . The vertex of the curve passes through (0, 0) and the parabola passes through (1000, + 800). Find an equation for the parabola.

  Which statement is correct

Which statement is correct?

  Do the firms have an incentive to reduce their pollution

Do these firms have an incentive to reduce their pollution? Explain with diagram. d. Modern economists suggest 2 solutions to the pollution problem above. Explain how a pollution tax (use diagram) and an emission permit trading scheme can both "so..

  Find the maximum height of the object

Suppose that an object is projected in such a way that its height above the ground in feet after t seconds is given by s(t) = -16t2 +48t + 46. Find the maximum height of the object.

  Evaluate the integral by completing the square

Evaluate the integral by completing the square and using the following formula. (Remember to use ln |u| where appropriate.)

  Define aggregate production function with typical shape

Draw an aggregate production function with typical shape and label it "F". Make sure to label the axis of the graph. Now, add two more production functions based on the following scenarios.Efficient institutions are adopted in a country. Label this..

  Find the volume of the resulting solid

The region under the curve y = 3 tan2x from 0 to π/4 is rotated about the x-axis. Find the volume of the resulting solid. (in fraction form)

  What is the width of main st

Norht Ave. is 24 feet wide when it ends at Main st. A 40 ft. diagonal crosswalk allows people to cross main st. to or from either corner of Norht ave. What is the width of Main st?

  What would be the net change in real gdp

The "graying of America" will substantially increase the fraction of the population that is retired in the decades to come. To illustrate the implications for U.S. living standards, suppose that over the 49 years following 2009 the share of the p..

  Estimate how many in the game or preserve

To determine the number of deer in a game preserve, a forest ranger catches 230 deer, tags them,& release them. Later 146 deer are caught, and it is found that 21 are tagged. Estimate how many in the game or preserve.

Reviews

Write a Review

 

Similar Q& A

  Stock market price quotations

Suppose the economy is in the midst of a severe recession. Determine which of the following policies would be consistent with active fiscal policy?

  Charge on a marginal basis

If a fixed number of industrial polution permits are marketable; then we should just sell the right to smoke to highest bidders rather than ban smoking outright in many cities, restaurants, towns, business outlets, and bars.

  Computation of income elasticity

Compute the income elasticity of demand for product below, by using average values for quantities and incomes.

  Derive the demand for bonds

What happens to the interest rate if the money supply increases from 20 to 30? Illustrate your answer graphically.  What happens to the interest rate if nominal income increases by 10%? If the Federal Reserve Bank wants to increase the interest rate ..

  Explaining money multiplier and its impact

Write an equation that expresses the money supply multiplier (for M1) in terms of its three determinants.

  Describing the three theories

Mention and describe the three theories for why the short-run aggregate-supply curve is upward sloping.

  Calculate this manufacturer''s marginal cost for each output

For each level of output, calculate this manufacturer's marginal cost (MC) (For convenience, place the Marginal Cost between 0 and 1 boat on the second row, the Marginal Cost between 1 and 2 boats on the third row, and so on)

  Compute equivalent annual cost

An engineering student requires to replace the battery in her car so that she can drive home for a vacation after Spring Semester. She has located following possibilities:

  Explain what would happen to the demand for motorola

Explain what would happen to the demand for Motorola picture phones if the price of digital cameras rose

  It is impossible to select as bmw and laser printers

It is impossible to select as BMW's and laser printers are fundamentally different goods with different purposes.

  Should the company invest in new plants equipment

Should the company invest in new plants, equipment, or technologies. Should the firm consider a merger with another company. Explain your reasoning.

  Level and growth rate of per capita income

Draw a graph showing how output evolves over time, and explain what happens to the level and growth rate of per capita income and explain what happens to the economy over time and in the long run.

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