Is the marginal cost curve increasing or decreasing

Assignment Help Business Economics

Reference no: EM131083671

A firm is using 10 workers, and their average product is 200 units. Suppose the marginal product of labor is 250 units. In answering the questions below, explain your answers briefly.

1) How much output is the firm producing?

2) Is the marginal cost curve increasing or decreasing?

3) Is this firm in equilibrium?

Reference no: EM131083671

Questions Cloud

What were some of the essential theme of the truman doctrine : What were some of the essential themes of the Truman Doctrine, the Marshall Plan, and the policy of "containment?"

Diagram the game tree for this sequential game : Joanna has a credit card account with Card Bank. Card Bank’s available strategies are to raise Joanna’s credit card interest rate or do nothing. Joanna’s available strategies are to transfer her Card Bank account balance to another creditor or do not..

Firm short-term operating cycle : Estimate the average length of the firm's short-term operating cycle. How often would they cycle turn over in a year?

How did you arrive at that definition : How did you arrive at that definition? What factors contribute to how you are persuaded today?

Is the marginal cost curve increasing or decreasing : A firm is using 10 workers, and their average product is 200 units. Suppose the marginal product of labor is 250 units. In answering the questions below, explain your answers briefly. How much output is the firm producing? Is the marginal cost curve ..

Stationary stochastic process with autocorrelation function : X(t) is a wide sense stationary stochastic process with autocorrelation function RX (τ ) = 10 sin(2π1000t)/(2π1000t). The process Y(t) is a version of X(t) delayed by 50 microseconds: Y(t) = X(t - t0) where t0 = 5 × 10-5s.

Build minimum efficient scale production plant : A firm contemplating entering the market would need to invest $100 million to build a minimum efficient scale production plant (or about $10 million annually on an amortized basis). Such a plant could produce about 100 million pounds of cereal per ye..

Explain how these theories influence future of psychology : Demonstrate an understanding of relevant theories.Include examples to support major points.Explain which theories you like and why you like them.Explain which theories you dislike and why you dislike them.Explain how you arrived at your conclusion..

Expected growth rate of the company dividends : Arts and Crafts, Inc., will pay a dividend of $2 per share in 1 year. It sells at $40 a share, and firms in the same industry provide an expected rate of return of 13%. What must be the expected growth rate of the company's dividends?

User Account

All Pages