Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

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?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M923918

Have any Question? 


Related Questions in Business Economics

Question consider the following inventory problem you are

Question: Consider the following inventory problem. You are running a store that sells trucks. Letd i denote the number of trucks you expect to sell in monthi, i = 1, ... , n.Your store can only storeStrucks and it costs ...

Imagine that you have recently been called to an interview

Imagine that you have recently been called to an interview for a financial analyst role. The hiring manager wants you to discuss the process of business planning and budgeting to help her plan for the upcoming fiscal yea ...

1 which of the following is an ideal condition for a free

1. Which of the following is an ideal condition for a free market? Select one: a. There are no parties, institutions, or governmental units regulating the quantity of the goods being bought or sold in the market. b. Ther ...

Please answer the below question in 2 paragraphs at least

Please answer the below question in 2 paragraphs at least. Please provide references. Do not submit a copy pasted work from online. What are some socially undesirable effects of a monopoly industry (which means a single ...

The authors in 8 have suggested multiple electric engine

The authors in [8] have suggested multiple electric engine technique. Two generators are connected with the engine, on the high pressure the starter engine is connected whereas the generator at the low pressure shaft.  I ...

What is a macroeconomic analysis of the state of the us

What is a macroeconomic analysis of the state of the U.S. economy and impact that it may have on the demand of new project?, and What are the key management accounting practices that companies should put in place to supp ...

Consider each of the following scenarios and determine

Consider each of the following scenarios and determine whether it is an example of the income effect, the substitution effect, or diminishing marginal utility. a. Sasha likes to treat herself to a small latte each aftern ...

A producer of ballpoint pens has been purchasing ink from

A producer of ballpoint pens has been purchasing ink from an ink supplier and is considering acquiring the ink supplier. Would the pen company be more or less likely to vertically integrate by buying the ink manufacturer ...

Please answer the question ldquohow does monetary policy

Please answer the question “How does monetary policy affect the macroeconomy?” In your answer, include the following: Explain the fundamentals behind why changes in the money supply have real effects on the economy and t ...

A hospital in a town has one dialysis machine that can run

A hospital in a town has one dialysis machine that can run for 30 hours per week. As the boss of the hospital, you must decide who gets the treatment.   There are a number of patients who require treatment and their need ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate