The marginal product of labor measured in units of output

Assignment Help Econometrics
Reference no: EM13378406

the Marginal product of labor (measured in units of output) for a firm is:MPN = A(100 - N)

Where A measures productivity and N is the number of labor hours used in production. The price of output is $2.00 per unit.

if A = 1, what will demand for labor be if the nominal wage is $10?

Reference no: EM13378406

Questions Cloud

The figures below indicate the number of mergers that took : the figures below indicate the number of mergers that took place in the savings and loan industry over a 12-year
Using the following equation for the demand for a good or : using the following equation for the demand for a good or service calculate the price elasticity of demandcross price
The marginal product of labor measured in units of output : the marginal product of labor measured in units of output for a certain firm is given by mpn 309 - 2n. n is the
1 a is a group of potential customers with similar needs : 1. a is a group of potential customers with similar needs who are willing to exchange something of value with sellers
The marginal product of labor measured in units of output : the marginal product of labor measured in units of output for a firm ismpn a100 - nwhere a measures productivity and n
In a local market the monthly price of internet access : in a local market the monthly price of internet access service decreases from 30 to 20 and the total quantity of
1 the presence of diminishing returns to capital doubling : 1. the presence of diminishing returns to capital doubling the amount of physical capital available for one worker to
Because of the great recession applications to the : because of the great recession applications to the supplemental nutritional assistance program snap soared.the program
Wooldridge using data from 1988 for houses sold in andover : wooldridge using data from 1988 for houses sold in andover massachusetts from kiel and mcclain 1995 the following

Reviews

Write a Review

Econometrics Questions & Answers

  Are gold and silver substitutes or complements

One of their new MBA financial wizards has estimated the following relationship for gold sales in the past year of trading (250 observations): Q = 4,000 - 0.01P + 1.5I - 1.25X + 2.0S R2 = .96 (857) (0.002) (0.65) (0.44) (0.48) where Q = daily sale..

  How much will timmy choose to spend on sunday

Timmy currently has $100 to last him a whole weekend. Let T represent his consumption on Saturday, and N represent his consumption on Sunday. His utility function is given by U(T,N)=min(T,3*N). How much of his $100 will Timmy choose to spend on Su..

  I need a specific paragraph long answer to this question

i need a specific paragraph long answer to this question full 750 awarded to whoever helps the most thanks what is the

  Determine what is manors tie ratio

The Manor Corporation has $800,000 of debt outstanding, and it pays an interest rate of 12 percent annually. Manor's annual sales are $2.4 million, its average tax rate is 35 percent, and its net profit margin on sales is 7 percent.

  How the exchange rate equal to the equilibrium exchange rate

Assume that the LM curve for a small open economy with a fixed exchange rate is given by Y = 200r - 200 + 2(M/P). This IS curve is given by Y = 400 + 3G - 2T + 3NX - 200r. The function for the net exports is NX = 200 - 100e, where e is the..

  What is thurstons optimal consumption choice

suppose thurston, a color blind consumer, has 80$ to spend on either lime green or pink sweater. Thurston does not care what color sweater her wears but deems it very important to buy as many sweater as possible with the 80 $. Pink sweater cost 20..

  Price that consumers pay and the quantity of cakes

The demand in the cake market is Qd =500 - 10p and unrestricted supply is Qs = 100 + 10p. Suppose the government imposes a baker's license that reduces cake supply to Q¢s =10p. Calculate the numerical values of the following:a. Price that cons..

  How large of sample would have to be taken to provide error

A university planner wants to determine the proportion of spring semester students who will attend summer school. She surveys 32 current students discovering that 12 will return for summer school. With a 0.95 probability

  What is the maximum amount that the money supply can change

Currently there are zero excess reserves in the U.S. banking system. If the required reserve ratio is 20 percent and the Fed sells 20 million in bonds, the maximum amount that the money supply can change is what

  Estimate the number of cups served per week

Supply and demand Joy's frozen yogurt shops have enjoyed rapid growth in northeastern states in recent years. From the analysis of joy's various outlets, it was found that the demand curve follows this pattern. Q=200-300P+120 I +65T-250Ac+400 Aj Q..

  Find the marginal probability density function

(a) Find the marginal probability density function of Y (b) Find the conditional probability density function of Y given that X=2 (c) Find the covariance of X and Y (d) Are X and Y independent 1 3 9 2 1/8 1/24 1/12 X 4 1/4 1/4 0 6 1/8 1/24 1/12

  Calculate the profit of each firm at the equilibrium

Suppose that two identical firms produce widgets and that they are the only firms in the market. Their costs are given by C1 = 60Q1 and C2 = 60Q2, where Q1 is the output of Firm 1 and Q2 the output of Firm 2.

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