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If the first 5 units of labour produce 3 units of output each, and the second 5 units of labour produce 11 units each, then
- If the first 5 units of labour produce 3 units of output each, and the second 5 units of labour produce 11 units each, then total product at 5 and 10 units of labour are Select one: (a) 15 and 70 units (b) 160 and 40 units (c) 15 and 55 units (d) 5 and 5 units
Consider the following revenue schedule.
P | Q | TR | AR | MR | |
a | 2 | 36 | 2 | - | |
b | 4 | 30 | 4 | 8 | |
c | 6 | 24 | 144 | 4 | |
d | 8 | 18 | 144 | 0 | |
e | 10 | 12 | 120 | 10 | |
f | 12 | 6 | 72 | 12 |
What is average revenue at points c and d?
Select one:
(a) 18 and 12
(b) 144 and 120
(c) 6 and 8
(d) 4 and 0
I just need the answers! no explanation needed thanks :)
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