What is the marginal product of labor at few hours of work

Assignment Help Econometrics
Reference no: EM131161070

Emily draws cartoons that she sells to her classmates. Her average product of labor is five cartoons per hour if she works for one hour, four per hour if she works for two hours, three per hour if she works for three hours, and two-and-a-half per hour if she works for four hours. What is her marginal product of labor at one, two, three, and four hours of work?

Reference no: EM131161070

Questions Cloud

Develop a list of inputs along with their associated costs : Develop a list of inputs along with their associated costs, such as labor, materials, and overhead. You can research this information, make it up, or do a combination of both. Be specific as to costs.
Why the policy would yield an inefficient outcome : What could be responsible for this pattern - a rise in the price of flour or a rise in the price of milk? Illustrate and explain your answer with demand and supply diagram for bagel
Relationship between nursing science and the profession : Explain the historical development of nursing science by citing specific years, theories, theorists, and events in the history of nursing. Explain the relationship between nursing science and the profession.
How managerial accounting differ from financial accounting : How is managerial accounting different from financial accounting? Comment on the different needs and use of financial information for internal purposes.
What is the marginal product of labor at few hours of work : What is her marginal product of labor at one, two, three, and four hours of work?
What is its present portfolio of innovative activity : What is its present portfolio of innovative activity? Identify its strengths and weaknesses. - Based on the gaps, identify new targets for strategic innovation for that company.
Describe the differences between a live and dead vaccine : Describe the differences between a live and dead vaccine. What are the risks associated with both vaccines? What does herd immunity mean? Research the Centers for Diseases Control and Prevention (CDC) website for vaccine-preventable diseases and id..
What must be in place and functioning well to fully realize : When an ERP is used, it is assumed that there will be increases in efficiency and the effectiveness of the activities related to the revenue cycle. However, what must be in place and functioning well to fully realize these benefits?
How the organization addresses sustainability concepts : Identify a local, national, or international health care organization (local hospital, Centers for Disease Control and Prevention (CDC), World Health Organization (WHO), etc.) you want to focus on for the duration of this course.

Reviews

Write a Review

Econometrics Questions & Answers

  How are exhibit sources most relevant to researchers

A verbal, everyday argument enables academic readers to access summaries other viewpoints.

  Review the cash receipts journal for the month

Inspect the shipping records documenting the merchandise sold to the debtors.

  The crockett land winery must replace its present

the crockett land winery must replace its present grape-pressing equipment. the two alternatives are the quik-skwish

  Stephen zehnder an enterprising engineer wants to get into

stephen zehnder an enterprising engineer wants to get into business. he is looking at the following two alternatives.

  Who purchased the cheaper car willing to accept to save

Assume that a new car hits that market that has been shown to have a lower risk of fatal accident. In particular, 1/5000 cars is expected to result in fatal accident. The risk of fatal accident for the same car without the new safety features is 1..

  In the derivation of the solow growth model we assumed that

in the derivation of the solow growth model we assumed that government spending and taxes less transfers were both

  How much consumer surplus would obtain with each provider

A friend of yours is considering two cell phone service providers. Provider A charges $120 per month for the service regardless of the number of phone calls made. Provider B doe not have a fixed service fee but instead charges $1

  Calculate the value of the objective function over five-year

Consider three alternative policies, each with a different set of outcomes in terms of output and inflation, as shown in the following table: Output Policy A (1) 500.0, (2) 515.0, (3) 530.5, (4) 546.4, (5) 562.8. Output Policy B (1) 500.0, (2) 500..

  What happens to consumption and investment in the medium run

Knappland is at Y = Yn , ue = uen , and P = Pe. President Ewe is concerned about the upcoming election. He pushes tax cuts through the legislature. a. Use the AS-AD to illustrate the effects of the income tax cut

  What is the payback period for the software

An engineering department is considering purchase of an advanced computational fluid dynamics software system to enhance productivity. the initial cost of the software is $55,000 but is expected to result in efficiency savings of $25,000 the first..

  Explain triggers and stored procedures

Give an example of an EAM that could be used to audit accounts receivable transactions. How would it work, and what data would be important to collect?

  What range of payments will the farmer accept

What are the highest and lowest payments from the writer that the bookkeeper farmer team will accept for the 6th day Assume that the farmer can dispose of $7 from the writer as she wishes, what range of payments will the beekeeper accept

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