User Account

All Pages

What is the average product of the seventh worker

Assignment Help Microeconomics
Reference no: EM13838313

Assume that average product for six workers is fifteen. If the marginal product of the seventh worker is
eighteen, what is the average product of the seventh worker?

Reference no: EM13838313

Questions Cloud

How would you reposition microsoft : Was the decision to downplay the introduction of Windows 10 wise? What would you have recommended? How would you reposition Microsoft and Windows 10 for the future
How to go about resolving dispute with their former employee : In order to successfully recover the material brands pty need extremely complicated technical evidence from it experts in the area. they want to know how to go about resolving the dispute with their former employee.
Paper on walt disney international market : Write a minimum of two to three pages of research based paper on Walt Disney International & their strategies for penetrating global markets
What is the final temperature of the water : what is the final temperature of the water
What is the average product of the seventh worker : what is the average product of the seventh worker
Equation given: 4.5x + 7.7y = 12 solve for x and y : Equation given:  4.5X + 7.7Y = 12 solve for X and Y
Dollar amount of the property taxes to be unchanged : The assessed value on a property increased from $285,000 last year to $298,000 in the current year. Last year's property tax rate was $1.56324 per $100 of assessed value. a) What will be the change in the property tax from last year if the new tax ra..
What is the principal value of the cube root : The cosine of 60 degrees is 1/2. What is the principal value of the cube root of (-1)? 1. Cube your answer to the above question.  2. Find the sixth root of (-i). Find the other roots. Raise each to the sixth power. Submit the roots you found, in d..
What are some of the best things about growing older for you : What are some of the best things about growing older for you? What are some of the hardest things you have found in relation to growing older?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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