Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Macroeconomics Expert

Problem:

The yacht Builder uses capital and labour to produce yachts as stated by the following production function Q = f (K

In the short run, the firm’s capital is fixed at k=10 units.

a) Find out the firm’s total product of labour curve?

b) Find out the firm’s average product of labour curve?

c) Find out the firm’s marginal product of labour curve?

d) At what level of labour employ do diminishing returns sets in for yacht builder?

e) At what level of labour employ is average product of labour is maximized?

f)  At what level of labour employ is yacht producer’s output maximized in short run?

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M910609

Have any Question? 


Related Questions in Macroeconomics

Suppose a big mac costs 500 in the united states and 25

Suppose a Big Mac costs $5.00 in the United States and 25 Chinese yuan in China. If the exchange rate is 6.9 Chinese yuan per dollar, purchasing power parity predicts A. the yuan is undervalued. B. the dollar is underval ...

This question basically asks you to compare the net present

This question basically asks you to compare the Net Present Value (NPV) to the Internal Rate of return (IRR) on the time length of an investment project. a. Draw a "growth curve" for a investment project on a log P V t s ...

Suppose the government increases expenditures by 70 billion

Suppose the government increases expenditures by $70 billion and the marginal propensity to consume is 0.660. By how will equilibrium GDP change?The change in equilibrium GDPis:$__billion.(Round your solution to one deci ...

Writenbspa java program non-gui preferred to demonstrate

Write  a Java program (non-GUI preferred) to demonstrate the use of JDBC. The program should allow a user to do the following: Write a list of animal and its characteristics to a database using JDBC Display the character ...

The affordable care act is expected to help increase access

The Affordable Care Act is expected to help increase access to health care. Health insurance exchanges will be an important part of that. Most people get health insurance through their employers. But people without this ...

Assignment the federal reservethe federal reserve offers to

Assignment: The Federal Reserve The Federal Reserve offers to the general public numerous publications available at the Website of the Federal Reserve Board here. The Federal Reserve Board testimonies, press releases, mo ...

Respond to t he following questions in one essay at least

Respond to t he following questions in one essay. At least three to four paragraphs for each question with examples is expected. Describe the term performance booster(s) and how it relates to a Virtual Teams There are th ...

Douglas fur is a small manufacturer of fake-fur boots it is

Douglas fur is a small manufacturer of fake-fur boots. It is one of many firms selling fake-fur boots. The following table shows its total cost of production Quantity of boots (pairs per hour) Total cost (dollar per hour ...

Currency crisis cause and resolutiona number of currency

Currency Crisis: Cause and Resolution A number of currency crises have affected certain countries, which have also resulted in contagion in the sense that the crises affected neighboring countries. In a critical essay, s ...

Economicsentering a merger and organizational form please

Economics Entering a Merger and Organizational Form" Please respond to the following: • From the scenario for Katrina's Candies, examine the major implications for firms entering into a merger. Explain the criteria the U ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro