The average product of labour is: 1 point total product divided by the quantity of labour...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The average product of labour is: 1 point total product divided by the quantity of labour total product minus marginal product total product times the quantity of labour total product times the number of workers The average product of labour is: 1 point total product divided by the quantity of labour total product minus marginal product total product times the quantity of labour total product times the number of workers
Expert Answer:
Answer rating: 100% (QA)
Average product is also ealled tabor Average product of TOE... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
The average product of labor is given by the equation APL = 600+200LL2 a. What is the equation for the total product of labor (TPL)? b. What is the equation for the marginal product of labor (MPL)?...
-
The average product of the 10 employees of ABC is 1000 bags. The firm is considering employing a Chinese worker whose marginal product is 900 bags. Each bag is sold at K 10.00 a) What is the average...
-
A block on a frictionless surface starts at a height of 2 meters above the floor and slides down a ramp 6 meters long. What is the velocity of the block when it is 1.5 meters above floor level? a)...
-
For Problem 511, complete the design of a pair of helical gears to operate under the stated conditions. Specify the geometry of the gears and the material and its heat treatment. Assume that the...
-
The following information applies to the products of Kaiser Company. Required Identify the product that should be produced or sold under each of the following constraints. Consider each constraint...
-
What guidelines can you cite for preparing an ad in a foreign language?
-
On January 1, 2015, Tradiciones, Inc., established Tradiciones de Mexico, a wholly-owned, self-sustaining Mexican subsidiary with assets valued at 48 million pesos. The peso (P) is the functional...
-
Cupola Fan Corporation issued 10%, $400,000, 10-year bonds for $385,000 on June 30, 2011. Debt issue costs were $1,500. Interest is paid semiannually on December 31 and June 30. One year from the...
-
Suppose you purchase a 3 0 - year, zero - coupon bond with a yield to maturity of 1 0 % . You hold the bond for five years before selling it . a . If the bond's yield to maturity is 1 0 % when you...
-
Kenmare Architects Ltd. (KAL) was incorporated and commenced operations on January 1, 2014. Sheila Kenmare, the company's only employee, consults with various clients and uses expensive equipment to...
-
Question 1 (Consumer Choice - Cobb-Douglas Utility with two goods) Alice has the utility function u(1,2)=2x112, where 2 20 and 22 20 are the amounts of the two goods that she consumes. 1/3 a) In a...
-
On August 31st, 2021, you observe the prices of the US Treasury 5 year zero-coupon nominal of $961.50 and real (TIPS) bonds of $1092.338. Assuming par value $1000 and the liquidity premium, inflation...
-
A 6.95-g bullet is moving horizontally with a velocity of +355 m/s, where the sign + indicates that it is moving to the right (see part a of the drawing). The bullet is approaching two blocks resting...
-
A U.S. grocery store entity is looking to take delivery of a product such as apples from the country of Chile that are for sale to U.S. customers with payment and delivery in six months. How can the...
-
What is Compensation surveys and why Compensation surveys are important?
-
Reflected light by the moon is diffuse, meaning that we can best model it as the bright side of the moon first absorbing sunlight, and then \"emitting\" the reflected part again. The albedo of the...
-
(a) Exprese (r) (b) Calcule dr como serie de potencias utilizando el desarrollo en serie obtenido en el item anterior
-
Sportique Boutique reported the following financial data for 2012 and 2011. Instructions(a) Calculate the current ratio for Sportique Boutique for 2012 and 2011.(b) Suppose that at the end of 2012,...
-
Define marginal cost and calculate Brazils marginal cost of producing a ton of food when the quantity produced is 2.5 tons per day.
-
If a 5 percent rise in the price of sushi increases the quantity of soy sauce demanded by 2 percent and decreases the quantity of sushi demanded by 1 percent, calculate the a. Price elasticity of...
-
Every day 20 million tulips, roses, and other cut flowers are auctioned at the Dutch market called The Bloemenveiling. Each day 55,000 Dutch auctions take place, matching buyers and sellers. A Dutch...
-
For the simple linear regression model, show that the values for \(\widehat{\beta_{1}}\) and \(\widehat{\beta_{0}}\) that solve the equations (5.9) are: \[ \begin{gather*}...
-
The multiple linear regression model (5.6) can be viewed as a first-order approximation of the general model \[ \begin{equation*} Y=g(\boldsymbol{x})+\varepsilon \tag{5.42} \end{equation*} \] where...
-
Table 5. 6 shows data from an agricultural experiment where crop yield was measured for two levels of pesticide and three levels of fertilizer. There are three responses for each combination. (a)...
Study smarter with the SolutionInn App