Complete the table, Complete the table.

Complete the table

Reference no: EM13547882

Workers Output (boxes) Marginal Product of Labor Office Rent ($) Labor Cost ($) Total Cost ($) 0 0 -- 1 220 400 200 2 250 800 3 680 4 160 1,200 5 940 1,000 6 980 1,600
a. Complete the table.
b. In the last week of summer Suzette closes her business to go on a family vacation. What are her costs during that week?
c. In one week Suzette exactly breaks even. If her revenue for the week is $1,200, how many boxes of fruit and nuts did she produce?
d. Judging from the marginal product of labor data, would you say that Suzette had to settle for increasingly unproductive workers? Explain your answer.
e. Suzette has received an order for 1,500 boxes of nuts per week for the next 3 months. If she expects the trend in the marginal product of labor will continue in the same direction, what do you think she should do? Should she not commit until she can move to a larger space or should she just hire more workers? Explain your answer.

Reference no: EM13547882

Questions Cloud

Estimate at what point does the ball have maximum speed : A toy cannon uses a spring to project a 5.27 g soft rubber ball. The spring is originally compressed by 4.90 cm and has a force constant of 7.90 N/m. At what point does the ball have maximum speed

Prepare an unadjusted trial balance as of march : Prepare an unadjusted trial balance as of March 31, 2012, determine the amount of total revenue recorded in the ledger.

Define how many calories of heat are released : Assume that the kinetic energy of a 1600 car moving at 125 is converted entirely into heat. How many calories of heat are released. and What amount of water in liters could be heated from 20.0 to 58.0 by the car's energy

The insured''s death is due to natural causes : Is it true or false: Multiple indemnity policies should be ignored as a source of funds when determining insurance needs because it offers no protection if the insured's death is due to natural causes.

Complete the table : Complete the table.

The us economy and its business cycles : Explain why the Kondratiev cycle may no longer apply to the study of the US economy and its business cycles?

Consumers reduce autonomous consumption : Consumers reduce autonomous consumption.

Determine what work is done by air resistance : The outfielder throws a baseball with an initial speed of 10 m/s. An infielder catches the ball at the level 1 m lower, what work is done by air resistance

Brings exchange rate back to long run equilibrium in t2 : For uncovered parity interest the one year interest rate goes form 5%o 9%. The foreign interest rate is 5% and et0 =.80 what is et1 that brings exchange rate back to long run equilibrium in t2

User Account

All Pages