Advanced Placement (AP), 01.10.2021 21:10, flippinhailey
A firm’s short-run production function shows the relationship between the firm’s input and output. Assume the firm uses one variable input, labor, and one fixed input, capital. The following table shows short-run production function for a firm that produces widgets.
Quantity of Labor Total Product
0 0
1 6
2 14
3 24
4 32
5 39
6 42
(a) Calculate the marginal product of the sixth worker. Show your work.
(b) Does the production function exhibit diminishing returns to labor? Explain.
(c) When marginal product is falling, what happens to marginal cost?
(d) On a single correctly labeled graph, draw the firm’s short-run average total cost curve (ATC), average variable cost curve (AVC), and marginal cost curve (MC).
Answers: 2
Advanced Placement (AP), 22.06.2019 04:00, josephicarusmarrujo
Avery is using the experssion builder shown below. which steps will allow avery to add the expression “[ingitemordid]< 100” to the expression builder panel? a. select “qryordersandamoumt,” select “ingitemordid,” then click on its value property, drag it to the panel, and type “< 100” in the panel after the syntax for the field. b. select “qryordersandamoumt,” double-click on “ingitemordid,” drag it to the panel, and type “< 100” in the panel after the syntax for the field. c. select “qryordersandamoumt,” select “ingitemordid,” then click on its value property, drag both to the panel, and type “< 100” in the panel after the syntax for the field. d. select “qryordersandamoumt,” select “ingitemordid,” double-click on its value property, drag it to the panel, and type “< 100” in the panel after the syntax for the field.
Answers: 3
Advanced Placement (AP), 23.06.2019 16:30, tamiawilliams3pe55hs
During adolescence, most people develop a greater sense of independence a. true b. false
Answers: 2
A firm’s short-run production function shows the relationship between the firm’s input and output. A...
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