Area of diminishing marginal returns

Assignment Help Business Economics
Reference no: EM132255587

Frosty Cola's chief operating officer is very interested in finding out about the average productivity of the company's workers. Institutional research has given you the following information: 

Labor                          Output (bottles)

============================

0                                            0

1                                  20,000

2                                  50,000

3                                  95,000

4                                 150,000

5                                 210,000

6                                 250,000

7                                 280,000

8                                 300,000

9                                 305,000

10                               306,000

11                               303,000

Specifically, he's interested in knowing all of the per worker output for every employee that is operating in the area of diminishing marginal returns.

Reference no: EM132255587

Questions Cloud

Propose the value proposition of the product or service : Propose the value proposition of the product or service the business will offer and explain the rationale. Outline the competitive market and the industry.
What are some of the major differences between wacc : What are some of the major differences between WACC (weighted average cost of capital), and MCC (marginal cost of capital)?
Should the new staffing policy give the nurses authority : Should the new staffing policy give the nurses authority to refuse to admit patients when the staff is not sufficient to handle them?
Indifferent between accepting the investment and rejecting : At what rate would you be indifferent between accepting the investment and rejecting it?
Area of diminishing marginal returns : Specifically, he's interested in knowing all of the per worker output for every employee that is operating in the area of diminishing marginal returns.
Explain what insights you believe are being conveyed : Explain what insights you believe are being conveyed. What visualization techniques do you see in the infographic?
Operations systems elements in areas related to product-mix : How does Numi’s relationship with third parties address operations systems elements in areas related to product-mix, capacity, facilities, and layout?
Smart banking services : Define the terms 'virtual bank' and 'fintech' and describe four 'smart banking services' which virtual banks can offer to their customers.
Examine two potential risks that could adversely affect : Determine the key issues that you would discuss with the CEO regarding the company's international strategy before you make any recommendations.

Reviews

Write a Review

Business Economics Questions & Answers

  What are the prospects of NAFTA becoming a customs union

What are the prospects of NAFTA becoming a customs union? Identify the policy changes that would be necessary and the likely political and economic obstacles to those changes taking place. What would be the major benefits and the major costs to deepe..

  Production possibilities frontier is described as tradeoff

Explain why a movement from a point inside a production possibilities frontier to the production possibilities frontier can be described as a free lunch and a movement along a production possibilities frontier is described as a tradeoff.

  Brief description of the chosen company

Provide an overview consisting of a brief description of the chosen company, your chosen product or service, and annual sales.

  What value of price elasticity of demand for electricity

What value of price elasticity of demand for electricity is assumed by people who draw the vertical demand curve? What evidence from the new York experiment is consistent with this hypothesis? What evidence is inconsistent?

  Acts as single- price monopolist

The demand for diamonds is given by PZ = 680 - 2QZ where QZ is the number of diamonds demanded if the price is PZ per diamond. The total cost (TCZ) of the De Beers Company (a monopolist) is given by TCZ = 100 + 50QZ + 0.5Q2Z where QZ is the number of..

  If an economist refers to a lemons market what you infer

If an economist refers to a ‘lemons market,' what should you infer. A. She is referring to a market for fruit. B. She is referring to any market with asymmetric or hidden information.

  Most new residential real estate agents are salaried

Which of the following careers in real estate would involve primarily working with local governments and civic groups for the purpose of anticipating future growth and land use changes? Property owners who deal only with their own property are not re..

  Make social user costs different from private user costs

What are some of the factors that could make social user costs different from private user costs in the case of mineral extraction?

  Does coach steroid have transitive preferences

Jerry Jacuzzi weighs 150 pounds, runs at average speed, and is extremely obedient. Does Coach Steroid have transitive preferences?

  Notions of moral hazard and adverse selection

1) What are the notions of Moral Hazard and Adverse Selection?

  Market price of cheeseburgers in college town decreased

The market price of cheeseburgers in a college town decreased recently, and the students in an economics class are debating the cause of the price decrease. Some students suggest that the price decreased because a new type of grill allows restaurants..

  The traditional mortgage loan structure

Many years ago, the traditional mortgage loan structure specified:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd