In Problem 22-20, if the firm were to employ the 8th unit of labor and produce 380

Question:

In Problem 22-20, if the firm were to employ the 8th unit of labor and produce 380 units of output, what would be the average variable cost and the marginal cost?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Economics Today The Macro View

ISBN: 9780134478760

19th Edition

Authors: Roger LeRoy Miller

See More Books

Question Posted: Jun 23, 2017 08:39 AM

See More Questions

Charter Enterprises currently has $1 million in total assets and is totally equity financed. It is contemplating a change in its capital structure. Compute the amount of debt and equity that would be...
You have developed the following pro forma income statement for your corporation. It represents the most recent years operations, which ended yesterday. Sales ..............$45,750,000 Variable costs...
Harrison Printing has projected its sales for the first eight months of 2014 as follows: Harrison collects 20 percent of its sales in the month of the sale, 50 percent in the month following the...
The average annual salary for all U.S. teachers is $47,750. Assume that the distribution is normal and the standard deviation is $5680. Find the probability that a randomly selected teacher earns a....
Find Uave, Umax, and D if: (a) U(, ) = sin2 2, 0 < 0 < , 0 < 0 < 2 (b) U(, ) = 4 esc2 2, /3 < 0 < /2, 0 < < (c) U(, ) = 2 sin2 sin2 , 0 < < , 0 <
Jose purchased and placed in service a rental house in January 2009 for $110,000 which included $10,000 for the land. In August of the eighth year of renting the property,he decided to sell the...
To identify the different kinds of e-business models that have emerged. LO.1
A firm pays a $1.50 dividend at the end of year one (D1), has a stock price of $155 (P0), and a constant growth rate (g) of 10 percent. a. Compute the required rate of return (Ke). Indicate whether...
Calculate the net advantage to leasing for the Consumer Products Division. (8 marks) If the Consumer Products Division buys the equipment, it will borrow $8,000,000 at 10% interest. Annual...
Suppose f(3) = 2, f '(3) = 1/2 , and f'(x) > 0 and f''(x), < 0 for all x. (a) Sketch a possible graph for f. (b) How many solutions does the equation f (x) = 0 have? Why? (c) Is it possible that...
Consider Figure 22-3. If the firm were to employ an 8th unit of output, its total product would rise to 380 units of output. What would be the resulting values of the average product of labor and of...
Take a look at Figure 22-4. Suppose that the form boosts its scale of operations from a level consistent with short-run average cost curve SAC3 to short-run average cost curve SAC5. Explain what...
For the conditions of Exercise 12 and the data in Table 11.2, determine the value of R2, as defined by Eq. (11.5.26).
The employee.class.php file contains an abstract, base class named Employee . One of the attributes of the class is an object of Person . This demonstrates one of the three relationship types among...
A direct shear test is performed on a saturated specimen of loose sand. A normal stress equal to 100 kPa is applied and a maximum shear stress of 75 kPa is measured in the shear test. Determine the...
How does budgeting help managers? Budgeting helps managers determine if their goals are ethical and achievable. Budgeting helps managers determine if their goals are reasonable and achievable....
If the 230-lb block is released from rest when the spring is unstretched, determine the velocity of the block after it has descended 5ft . The drum has a weight of 70lb and a radius of gyration of...
A B C D E F 1 Frequency : Monthly 2 Loan Amount: 150000.00 3 Interest Rate: 7.25% 4 Term(years): 30.00 5 No. of payments in a year: 12 time(s) 6 Periodic Rate: 0.60% =C3/C5 7 Total number of payment:...
Define robo advisor.
Why do bars offer free peanuts?
What If the Facts Were Different? If Neely had admitted that he had committed all of the wrongful acts attributed to him by Cash, would the outcome of this case have been different? Why or why not?
The Legal Environment Dimension Why is discrimination presumed under the ADEA when a plaintiff establishes a prima facie case, unless the employer provides a nondiscriminatory explanation for the...
Would Lyles claim of racial discrimination be for intentional (disparate-treatment) or unintentional (disparate-impact) discrimination? Explain. Amaani Lyle, an African American woman, was hired by...
thumbs up if correct A stock paying no dividends is priced at $154. Over the next 3-months you expect the stock torpeither be up 10% or down 10%. The risk-free rate is 1% per annum compounded...
Question 17 2 pts Activities between affiliated entities, such as a company and its management, must be disclosed in the financial statements of a corporation as O significant relationships O segment...
Marchetti Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,000 cases of wine at a price of 200 euros per case. The total purchase price is 200,000...

In Problem 22-20, if the firm were to employ the 8th unit of labor and produce 380

Question:

Step by Step Answer:

To conclude we can say that avera...View the full answer

Economics Today The Macro View

Students also viewed these Economics questions