No explanation I just need answers plz I don't have time please

D Question 11 5 pts Consider the following Production Function Consider the following Production Function: Labor (workers) Machines Total Production Average Marginal Labor Capital (Machines) Total Production Production Production 16 10 2 15 6 20 10 6 40 4 24 15 100 16 70 20 120 8 86 25 130 10 98 30 120 12 96 What are the average production of labor and the marginal production of labor when the firm At which point does this firm experience the law of diminishing marginal returns? employs 30 workers? After 10 workers Average production at 30 wo production at 30 workers is -2 After 12 workers Average production at 30 0 workers is 10 After 2 workers workers is 2 After 6 workers Average production at 30 workers is 4 and the marginal production at 30 workers is -10 What is the explanation for a firm's diminishing marginal returns? Consider the following Production Function Labor (workers) Machines Total Production In the long run there are only variable inputs (for example, labor and machines), and the variable inputs are unlimited as to how much additional production they can produce. 5 1 5 3 In the short run there are variable inputs (for example, energy), and the fixed inputs (for exam fixed so they are not able to add any production to the total. 2 5 8 3 20 In the long run there are fixed inputs (for example, machines), and the variable inputs (for example, labor) 4 25 are able to increase total production indefinitely, but not marginal production, If each worker costs the company $500 per week and each machine costs the company $200 per In the short run there are fixed inputs (for example, machines), and the variable inputs (for example. labor) are limited as to how much additional production they can produce given these fixed inputs week. what are the total cost and average cost per product if the company hires 3 workers? Production Function Total cost equals $700 and average cost per product equals $35 Labor (workers) Machines Total Production Average Marginal Production Production Total cost equals $2.500 and se cost per product equals $500 Total cost equals $700 and roduct equals $233.33 1 2 Total cost equals $2.500 and average cost per product equals $125 2 16 AWN 2 30 Interest payments on a loan can be a significant cost for a business, What happens if in a free 44 market the demand for loans increases significantly? 5 50 6 58 The demand curve for loans shifts to the left and interest rates increase 52 The demand curve for loans shifts to the left and interest rates decrease What are the average production of labor and the marginal production of labor when the firm The demand curve for loans shifts to the right and in employs 4 workers? The demand curve for loans shifts to the right and interest rates decrease Average production at 4 workers is 22 and the marginal production of the 4th worker is ? A business invests $3 million in research for a new medical device. The device is expected to be Average production at 4 workers is 6 and the marginal production of the 4th worker is 10 ready for sale during year 2. The bu Average production at 4 workers is 10 and the marginal production of the 4th worker is 11 ness expects to earn $1 million after year 2, and the business expects to earn $3 million at the end of year 3. What is the total of the present values of the earnings after year 2 and year Average production at 4 workers is 11 and the marginal production of the ath worker is 14 3 if market interest rates are 5%. Is this a good investment for the business if there are no further earnings for this business? If the minimum wage is set above the free market wage in a particular area, which of the following will happen? The present value of the year 2 and year 3 ea illion, No. this is not a good inver this business. all of the listed choices are correct The present value of the year 2 this business. not a good vestment for labor costs for businesses who do not change their hired workers increase the number of full-time The present value of the year 2 this business. is $3.498 million, Yes, this is a good investment for the workers who are able to keep their job and work at least the same number of hours will see an increase in their pay The present value of the year 2 and this business, ings is $2.635 million. Yes, this is a good investment for invest $10,000 now, how much is this worth in 20 years if you can earn a yearly interest rate of 89%? According to our text, the key to raising real wages is _. and the key to raising that is to $46,610 $33,782 $18,000 productivity; create an e and smart work. $2145 productivity; stimulate econ fiscal policy netary policy