22 Jul IN OTHER WORDS WHICH IS THE FIRST WORKER WHO ADDS LESS OUTPUT THAN THE PREVIOUS WORKER?
B) 8 sandwich Show more In Table B what is the marginal product of labor for the 3rd worker? A) 25 sandwiches B) 8 sandwiches C) 12 sandwiches D) 14 sandwiches 9. In Table B diminishing MPL begins with which worker? In other words which is the first worker who adds less output than the previous worker? A) first worker B) second worker C) third worker D) fourth worker E) fifth worker F) sixth worker G) seventh worker H) eighth worker I) we do not see diminishing MPL in the table yet. 10. In Table B assume all workers get paid the same wage rate of w = $80. Assume that there are no costs associated with capital (TFC = 0). Which of the following is true? A) The marginal cost of sandwiches made by the 6th worker is $4. B) The marginal cost of sandwiches increases when L increases from 3 to 4 C) The marginal cost of sandwiches increases when L increases from 6 to 7 D) The marginal cost of all sandwiches is the same. E) Both [A] and [D] are true. 11. In Table B assume all workers get paid the same wage rate of w = $60. Assume that there are no costs associated with capital (TFC = 0). The lowest marginal cost of output is associated with how many workers employed? A) 4 workers B) 5 workers C) 6 workers D) 7 workers Show less
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.