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Kindly find attached image file below for the questions. Thanks The following information is related to Q). #2 and Q). #3 A farmer grows avocados
Kindly find attached image file below for the questions. Thanks
The following information is related to Q). #2 and Q). #3 A farmer grows avocados in ten plantations, five type-A and five-type B fields. In addition, there are 27 workers that have been employed. The production function of a type-A plantation is: Labor 1 2 3 4 5 6 Total Product (kg) 18 33 43 51 57 61 The production function of a type-B plantation is: Labor 1 2 3 4 5 6 Total Product (kg) 20 38 50 56 60 62Q. #2 What is the marginal product of the working team? a. 6 kg b. 10 kg c. 12 kg 2 d. 8 kg c. All other answers are incorrect Q. #3 What is the maximum total product? a. 435 kg b. 390 kg c. 460 kg d. 290 kg c. All other answers are incorrect Q. #4 The table below describes the production function of orange in one orchard L TP (kg) 0 0 1 200 2 250 3 280 4 290 5 295 Assume that the orchard owner has 6 workers and two orchards (fields). hence: a. The maximum total product is 560, the marginal output per employee is 30, and the average output per employee is 83.3. b. The maximum total product is 580, the marginal output per employee is 30, and the average output per employee is 93.3. C. The maximum total product is 580, the marginal output per employee is 30, and the average output per employee is 83.3. d. The maximum total product is 560, the marginal output per employee is 30, and the average output per employee is 93.3. c. All other answers are incorrectStep by Step Solution
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