Answer Happy

MP per worker Comprehensive Exercises. The following table describes a daily production function for PINAS C which he workers to produce hollow Fill out the Note: Price of Hollow blocks=10, daily wage per worker - P400 No. of Total AP The marginal product of each of the 2nd set of woch Workers Product per worker A B C 0 0 O 0 20 15 10 SO 5.0 5.0 2 When fimm changes its labor from 40 to So workers, thu 20 150 A B C 30 350 10 30 20 40 500 The average product of 50 workers is SO 600 A B C 60 650 10 11 12 70 650 4 Diminishing (decreasing) returns to scale set in some 80 640 A B C 90 620 30 & 40 40 & 50 50 & 60 60 > Total Cost T2 Workers 10 SO Blocks 1500 18000 Revenue Labor Cost 15000 4000 Other Cost 5000 80000 Profit XXO SOXO Other Factor Unit of Meal Productivity Rev/Other Cost 3.00 PP PP T3 Labor Unit of Measure Productivity Workers Rev/Worker 10 1500 P/worker SO P/worker Blk/Worker 10 150 bik/worker 50 blk/worker Rev/Laborat 10 3.75 MP 50 P/P Total Productivity RevTorCost 1.67 PP PP C E S Profit at SO workers is A B 8000 800000 9000 90000 NOTC 6 Labor Productivity (block/worker) A R c D E 360 410 460 310 NOTC 7 Other Factors Productivity 50 workers (PP) A B C D E 8.25 9.25 10.25 11.25 NOTC 8 Total Productivity at 50 workers is (PP) C D E 6 8 9 NOTC 9 The law of diminishing returns holds that: A the total product of any input must eventually reach a maximum and fall as the employment of that input increases. B the average product of any input must eventually reach a minimum and rise as the employment of all inputs increase с the marginal product of any input should eventually begin to decline as the employment of that input increases. D the marginal product of any input should eventually begin to fall as the employment of all inputs increases proportio E the average product of any input should rise before it falls as the employment of that input increases. Note: NOTC - None of the Choices
per weeker per worker Comprehensive Exercises. The following table describes a daily production function for PINAS Co., which lines workers to produce hollow blocks. Full out the Note: Price of Hollow blocks -10, daily wage per worker - P400 No. of Total MP AP The marginal product of each of the 2nd set of workers is Workers Product A B D E 0 0 0 0 20 5 15 10 12 10 50 5.0 5.0 2 When firm changes its labor from 40 to 50 workers, the MP of 10 additional w 20 150 A B c D) E 30 350 10 30 20 15 5 40 500 3 The average product of 50 workers is: 50 600 A B р E 60 650 10 11 12 13 15 70 650 4 Diminishing (decreasing) retures to scale set in ometime between how many 80 640 B D E 90 620 30 & 40 40 & 50 50 & 60 60&70 70 & 80 T2 Workers 10 50 Blocks 1500 18000 Revenue 15000 Labor Cost 4000 Other Cost 5000 80XX00 Total Cost 9000 Profit 60KO Other Factor Unit of Meat Productivity Rev/OtherCost 3.00 P/P P/P T3 Labor Unit of Measure Productivity Workers Rev/Worker 10 1500 P/worker 50 P/worker BIK/Worker 10 150 blk/worker 50 blk/worker Rev/Laborat 10 3.75 P/P 50 P/P Total Productivity Rev/TotCost 1.67|P/P P/P D D D 5 Profit at 50 workers is A B с 8000 800000 9000 90XXXO NOTC 6 Labor Productivity (block/worker) A B c F 360 410 460 310 NOTC 7 Other Factors Productivity 50 workers is (PP) А c E 8.25 9.25 10.25 11.25 NOTC 8 Total Productivity at So workers is (PP) B D E 6 7 8 9 NOTC 9 The law of diminishing returns holds that: A the total product of any input must eventually reach a maximum and fall as the employment of that input increases B the average product of any input must eventually reach a minimum and rise as the employment of all inputs increases proportionately, с the marginal product of any input should eventually begin to decline as the employment of that input increases D the marginal product of any input should eventually begin to fall as the employment of all inputs increases proportionately E the average product of any input should rise before it falls as the employment of that input increases Note: NOTC - None of the Choices