Explain how the values for marginal physical product

Assignment Help Econometrics
Reference no: EM13191327

explain how the values (how to calculate them) for Marginal Physical Product and Marginal Revenue Product?

First Column: Number of workers
Second Column: Total output
Third Column: Marginal Physical Product
Fourth Column: Marginal Revenue Product


0 0 --- ---
1 10 10 $80
2 25 15 $120
3 35 10 $80
4 43 8 $64
5 49 6 $48
6 52 3 $24
7 53 1 $8
8 50 -3 -$24

Reference no: EM13191327

Questions Cloud

How much was invested : an investment club invested part of 10,000 at 8% annual interest and the rest at 9%.if the annual income from this investment is 860, how much was invested at 8%.
What is the probability of drawing two kings : A game consists of drawing 2 cards, one at a time, with replacement, from a standard deck of 52 cards. What is the probability of drawing two kings?
State urea were used to creat this tempreature difference : How many moles of Urea were used to creat this tempreature difference? given the molecules weight (60.0551g/mol), how money grams of urea was used to give this change temperature value?
What does the graph look like for the two parabolas : What does the graph look like for the two parabolas y=x^2 and y= -x^2 + 2x - 5 in the same coordinate plane? Find equations of the two lines simultaneously tangent to both parabolas.
Explain how the values for marginal physical product : explain how the values (how to calculate them) for Marginal Physical Product and Marginal Revenue Product First Column: Number of workers Second Column: Total output Third Column: Marginal Physical Product Fourth Column: Marginal Revenue Product
The maximum amount of revenue : Calculate the maximum amount of revenue that the government can raise using a per-unit sales tax on consumers?
How high is the cliff : from a boat on the lake, the angle of evelvation to the top of a cliff is 29 degrees and 26 minutes. if the base of the cliff is 1878 feet from the boat, how high is the cliff?
Define why the distillate may have been obtained in higher : You performed this fractional distillation using an air condenser as the "fractionating" column. Explain why the distillate may have been obtained in higher purity if you would have used a fractionating column packed with glass beads.
Write an expression to name the tempertaure : the temperature at the pool was 65 degrees F at 6:00 a.m. write an expression to name the tempertaure at 5:00 p.m. after it rose 7 degrees.

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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