Calculate the value of marginal product of labor and draw the value of marginal product curve. Wandas
Question:
Calculate the value of marginal product of labor and draw the value of marginal product curve.
Wanda’s is a fish store that hires students to pack the fish. Students can pack the following amounts of fish:
Transcribed Image Text:
Number of students 1234 IOGT 00. 2 3 5 6 7 8 Quantity of fish packed (pounds) 20 50 90 120 145 165 180 190
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
1 Calculate Marginal Product of Labor MPL MPL refers to the additional output fish packed produced by hiring one additional worker student We can calc...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Calculate the value of marginal product of labor and draw the value of marginal product curve. Wanda owns a fish store. She employs students to sort and pack the fish. Students can pack the amounts...
-
At Wandas fish store, packers wages increase to $17.50 an hour, but the price of fish remains at $1 a pound. a. What happens to the value of marginal product of labor? b. What happens to Wandas...
-
How does the students marginal product change? How does the value of marginal product of labor change? The market price of fish falls to 66 a pound, but the packers wage rate remains at $12.50 an...
-
Which of these is not a feature of the AES encryption cipher? Question 4 1 4 1 Answer a . . Its fast execution time. b . . Its use of Feistal networks. c . . Its ease of use in common programming...
-
(a) Prove that the equation has at least one real root. (b) Use your graphing device to find the root correct to three decimal places. 53. x - x? - 4 =0 54. Vx - 5-
-
Body World, Inc., produces two basic types of weight-lifting equipment, Model 9 and Model 14. Pertinent data are as follows: (Click the icon to view the data.) The weight-lifting craze suggests that...
-
a. Estimate the Fickian diffusivity of a binary mixture of benzene and air at \(298.2 \mathrm{~K}\) and \(1.0 \mathrm{~atm}\) pressure using Chapman-Enskog theory and Table 15-2. b. Compare your...
-
A parallel-plate air capacitor is made by using two plates 16 cm square, spaced 4.7 mm apart. It is connected to a 12-V battery. (a) What is the capacitance? (b) What is the charge on each plate? (c)...
-
Every two weeks, Betty makes a $ 2 6 8 payment toward a car loan whose annual rate is 2 . 2 % . If she will be debt - free in 7 - years, how much interest will she pay on this loan? Round your answer...
-
a. Find Wandas demand for labor curve. b. How many students does Wandas employ? Wandas is a fish store that hires students to pack the fish. Students can pack the following amounts of fish: The fish...
-
Tim is opening a new online store. He plans to hire two workers at $10 an hour. Tim is also considering buying or leasing some new computers. The purchase price of a computer is $900 and after three...
-
Determine the values of the given trigonometric functions directly on a calculator. The angles are approximate. Express answers to four significant digits. 23 tan- 12
-
In Almond country, farmers are experimenting with new genetically modified franken-bees' that are highly effectively at pollinating their nut trees. However, the bees also produce a corrosive form of...
-
How did we get 9.38% and why are we using this for cost of capital. Is there a calculation or formula? Why are we using this as the discount rate? WACC = 9.38% for the target D/V of 20.99
-
An eagle is flying horizontally at a speed of 2.9 m/s when the fish in her talons wiggles loose and falls into the lake 4.4 m below. Part (a) Calculate the magnitude of the velocity of the fish...
-
Generally, the higher the risk involved in investing, the more investors tilt their preferences toward preferred equity and the higher is the cost of common/ordinary shares compared to preference...
-
7. In the year 2003, Frank Thomas had 4 years remaining on his Major League contract with the Chicago White Sox. Consistent with his contract, the Chicago 3 White Sox invoked the minimum skills...
-
Last year, Panacea Laboratories, Inc., researched and perfected a cure for the common cold. Called Cold-Gone, the product sells for $28.00 per package, each of which contains five tablets. Standard...
-
a. Determine the domain and range of the following functions.b. Graph each function using a graphing utility. Be sure to experiment with the window and orientation to give the best perspective of the...
-
What is the role of the long-term interest rate in the monetary policy transmission process? Perhaps Ben Bernanke didnt learn in school that long-term interest rates are set by the market but he is...
-
a. Is it the long-term nominal interest rate or the long-term real interest rate that influences spending decisions? Explain why. b. How does the market determine the long-term nominal interest rate...
-
How does a lower Canadian dollar exchange rate influence monetary policy transmission?
-
Crenshaw Enterprises has gathered projected cash flows for two projects. Year 0 1 2 3 4 Project I -$ 264,000 Project J -$ 264,000 113,600 93,400 100,400 102,400 109,400 105,800 89,800 78,800 a. At...
-
10. The company recorded the insurance expense for the year. 11. The interest on the note payable was recorded. 12. 13. || The equipment was estimated to have a useful life of five years and a...
-
"Caleb Love" Company is considering the following project. Cost of depreciable machinery for project. Earning Before Depreciation and Taxes (EBDT) Life in years Tax rate Cost of Capital Gain or...
Study smarter with the SolutionInn App