Question
13.SupposeLincoln Electricopens a newplantinCanada.Lincolnhires214peoplein thisplantand payseach workeran average piece work wage of $1,014.19per week. SupposeLincoln'sworkerscombinedcanproduce817welding machinesper week. What is the average product of labor for
13.SupposeLincoln Electricopens a newplantinCanada.Lincolnhires214peoplein thisplantand payseach workeran average piece work wage of $1,014.19per week. SupposeLincoln'sworkerscombinedcanproduce817welding machinesper week. What is the average product of labor for thisplant? What is the total variable cost per week?
a. 817.15; $620.55
b. 3.817; $217,036.66
c. 16.119; $4.88 per machine
d. 5.004; cannot be determined with information provided
e. 817; $828,593.23
14.What is thisLincoln'sAVERAGE variable cost of labor?
- $217,036.66 per week
- $1,014.19 per week
- $265.65 per machine
- $612.47 per machine
15. What is the total product of labor, per week, at this plant?What is the average fixed cost?
- 817 machines per week; $1014.19
- 3.817 per worker; $217,036.66
- 214; Not enough information provided to make this calculation.
- 817 machines per week; cannot be determined with information provided.
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