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

Planning realizing strategywrite in one page with reference

Planning :Realizing Strategy Write in ONE PAGE. WITH REFERENCE APA - NO SIMILARITY. Identify a strategy consulting group or company that advertises its services on the internet. To prepare for your original post: 1. Stud ...

Assignment developing communications policyin this

Assignment: Developing Communications Policy In this assignment, you will prepare a communications policy for a company that you are familiar with or a fictitious company you create. The communications policy will map th ...

This is a discussionnbspi need a 200 word response to this

This is a Discussion. I need a 200 word response to this statement with one in-texted citation in APA format. "I believe that anyone working for any company should be able to exercise their first amendment rights, but it ...

Discuss the potential benefits and challenges of using

Discuss the potential benefits and challenges of using benchmarking within healthcare. Pick one specific challenge or benefit and answer the following questions: What do you think is the greatest challenge/benefit of usi ...

In review of the billy beane changing the game case

In review of the Billy Beane: Changing the Game" case analysis, what, if any, are the potential problems with the HR strategies adopted by the Oakland A's?

Q 1 which of the following is a process improvement

Q 1: Which of the following is a process improvement approach that provides organizations with the essential elements for effective process improvement and guides process improvement across a project, a division, or an e ...

Tell the class about an organization you have been involved

Tell the class about an organization you have been involved with that stands out, whether you found the culture to be very good or very bad.  What specific elements caused you to feel the way you did?  Looking back at it ...

Assignment amazoncom business combinations and financial

Assignment: Amazon.com Business Combinations and Financial Results Analysis Search the Internet for acquisitions and equity investments made by Amazon.com during the last five (5) years. Review the 10-K of Amazon.com loc ...

What are the advantages and disadvantages of outsourcing to

What are the advantages and disadvantages of outsourcing to Low Cost Countries (LCCS)? How can the risks of outsourcing be mitigated?

Based on own experiences working in teams write two page

Based on own experiences working in teams, write two page papers on the advantages and disadvantages of working in teams. paper respond to the following: a. Discuss how work groups of the future, including management, wi ...

  • 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