Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Management Expert

You have been hired to manage the small producing facility whose cost and production data are given in table below.

Total Total
Workers Labor Cost Output Revenue
1 $300 50 $350
2 600 140 675
3 900 220 1120
4 1200 270 1570
5 1500 300 1865
6 1800 315 2070
7 2100 320 2170

(a.) Compute marginal product of second worker?

(b.) Determine the marginal revenue product of fourth worker?

(c.) find out the marginal cost of the first worker?

(d.) Based on knowledge of marginal analysis, how many workers must you hire?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M936370

Have any Question? 


Related Questions in Business Management

Assignment working ahead required assignment-workforce 2020

Assignment: Working Ahead: Required Assignment-Workforce 2020 Executive Report This assignment will help you prepare for the next module's assignment about Workforce 2020. Workforce 2020 refers to the type of workforce l ...

1 what are the most typical conflicts of interest in which

1. What are the most typical conflicts of interest in which corporate board members find themselves? 2. From an international perspective, while North American countries continue to focus on bottom-line economic performa ...

Imagine you are the universitys graduate support services

Imagine you are the University's Graduate Support Services Coordinator. Your responsibilities entail developing innovative programs, materials, and events that will enhance the academic growth and overall experience of g ...

What are symptoms of groupthink what problems and

What are symptoms of groupthink? What problems and shortcomings can arise in the decision-making process as a result of groupthink?

Strategic managementnbspwrite a paper about pearson

Strategic Management  Write a paper about Pearson education (http://www.pearsoned.com/) and please answer the following elements.  Strategic analysis, choices, impact, and measurement Product-positioning map Evaluation o ...

You are to complete a minimum 500-word essay in which you

You are to complete a minimum 500-word essay in which you describe resource pooling architecture and how you would apply these principles in a business environment. Provide details and examples to support your response f ...

Write an article on the cyber risk is not just an it issue

Write an article on the Cyber risk is not just an IT issue. The article should contain Title page, background, key issues, References. It should be in APA 6.0 format and unique.

In 400 words with referencesdiscuss the importance of

In 400 words with references: Discuss the importance of healthcare operations management. Explain how the healthcare industry differs from other industries with operations and how payers impact the revenues.

Humanitynbspplease answer the following questiondiscuss

Humanity:  Please answer the following question: Discuss your reaction to the character of Hamlet in the two (2) soliloquies from the text. Consider the extent to which you sympathize with him and / or think he is self-a ...

Since rupert murdoch took over the archrival new york post

Since Rupert Murdoch took over the archrival New York Post, a series of price cuts and retaliatory moves have taken place.  These events have severely affected industry profits.  Leonard N. Stern, formerly owner of The V ...

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen