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- why is 1-l1 hours worked and not just l1 as it states in the questionThe information below shows the relationship between the number of workers and the amount of computer chips they can produce. Computer Chip Factory Labor and Production Levels Labor (number of workers) Total Product (computer chips) 0 1 2 3 4 O 100 250 450 550 What is the average product when there are two workers?Problem 1 Cefel Furniture is a small furniture shop that focuses on making kitchen chairs. The weekly wwww ww dollar value of its output, including finished goods and work in progress, is 14,280. The value of inputs,such as labor,materials, and capital, is approximately 16,528. Compute the total productivity measure for Cefel Furniture. wwww Problem 2 Cefel has just purchased a new sanding machine that processes 17 chairs in 8 hours. What is the www productivity of the sanding machine? Problem 3 Cefel has hired two new workers to paint chairs. They have painted 10 chairs in 4 hours. What is www their labor productivity? Note that all the problems are connected.
- efer to the table which shows the technology of production at the Matsuko's Mushroom Farm for the month of May. What is the average product of labor when the farm hires 5 workers? A. 4 pounds B. 54 pounds C. 38.2 pounds D. 10.8 pounds ..... Number of workers Mushrooms per day (pounds) 1 12 2 30 3 45 4 50 5 54 6 56PS3 (3) Question: (i) What does a MRTS = 4 mean? (ii) Explain the term "Marginal Rate of Technical Substitution"?Question 17 The average product of labour is the output per employee often in table 17.1 to answer the question below. Table 17.1 Output units 1000 2 500 6 000 7 000 8 000 C) d) Number of employees 10 20 30 50 As the number of employees increases from 10 to 50 the a) Is constant b) Falls then rises Rises Falls
- Tass ass Activity Number of Workers 1 2 3 4 5 6 https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%2 Last summer Daniel started the Custom Made Pot Company, which specializes in earthenware pots. The number of pots produced daily varies with the number of workers he employs as shown in Table A given below: 110 100 TP Table A 10 80 180 240 280 294 MP AP Saved 52Fnewconnect.mhe a) Fill in the marginal and the average product of labour columns in Table A given above. b) On Graph A given below, plot the average and the marginal product curves. Plot all the points of MP and AP using the tool MP and AP. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co-ordinates for your points as needed. E Graph A ToolsQuestion 4 Assume there are only 6 counties in a country, and there are only three industries (beer, bread and shirts) that employ people. The employment numbers are given in the Table below: Employment Beer Employment Bread Employment Shirts 200 County 1 County 2 County 3 County 4 County 5 County 6 4 45 10 6 12 120 10 10 60 10 16 10 20 12 2 60 12 Calculate the ELQS for the following county and industry combinations: (a) Beer in County 2 (b) Bread and County 6 (c) Shirts and County 2If labor productivity for the first quarter was 575.4 and then when we calculate it for the next quarter it is 547.5, which statement best describes what this might mean? (note the units for this are deliberately left off to make sure you understand the meaning of productivity) The productivity drop signifies a cost drop and more efficient use of resources and is positive news Our productivity dropped, perhaps through lower output and is not a good sign
- A company produces children's toys. The manager noticed the connection between the number of employed workers and the quantity of toys produced per month, which are presented in the table of following: a) In what period is this firm operating? Why? b) What is the average product when 5 workers are employed? c) What is the marginal product when 7 workers are employed? What does this value mean? d) Does the law of declining marginal income apply? If yes to which worker? e) In this production function do we have total declining revenues? If so, which worker happens? f) Graph the curves of total product (TP), marginal product (MP) and product average (AP).11. Exercise 7.11 Lobo Lighting Corporation currently employs 100 unskilled laborers, 80 factory technicians, 30 skilled machinists, and 40 skilled electricians. Lobo management believes that the marginal product of the last unskilled laborer is 480 lights per week, the marginal product of the last factory technician is 450 lights per week, the marginal product of the last skilled machinist 560 lights per week, and the marginal product of the last skilled electrician is 525 lights per week. Unskilled laborers earn $400 per week, factory technicians earn $500 per week, machinists earn $700 per week, and electricians earn $750 per week. Calculate the marginal product per dollar input cost for all worker types. Marginal Product per Dollar Input Cost Unskilled laborers Factory technicians Skilled machinists Skilled electricians Is Lobo using the lowest-cost combination of workers to produce its targeted output? No Yescan you please solve these. Thx