what info needs to be added ????

11:26 . X Chapter 6 Worksheet.docx Name: Chapter 6 Assignment 1. Given the following SR production function, what is the total output per hour, marginal product of labor, and average product of labor when 1.2.3 units of laborare employed? Is the Marginal product of labor decreasing? 2. In Peru, every Cruz del Sol bus must have two drivers. Draw three isoquants that show Cruz del Sol's production function. Hint: Read pages 212-214 in the text. 3. Suppose that w-10 and r-20. Write an equation for the isocost line. Second, draw the isocost line on a graph if C 400, labeling the two intercepts and the slope. 5 Open With Print 11:26 X Chapter 6 Worksheet.docx 4. Given a firm that observes w=10 and 20, that has of 25 and of 5. is that firm minimizing costs? If not, what should they do? 5. The following production functions exhibit constant, decreasing, or increasing RTS? 6. During the middle ages, some technological inventions of the Romans were lost. Depict how a decrease of technology would change the optimal amount of Capital and Labor to produce the same output. 5 Open With Print 11:26 . X Chapter 6 Worksheet.docx Name: Chapter 6 Assignment 1. Given the following SR production function, what is the total output per hour, marginal product of labor, and average product of labor when 1.2.3 units of laborare employed? Is the Marginal product of labor decreasing? 2. In Peru, every Cruz del Sol bus must have two drivers. Draw three isoquants that show Cruz del Sol's production function. Hint: Read pages 212-214 in the text. 3. Suppose that w-10 and r-20. Write an equation for the isocost line. Second, draw the isocost line on a graph if C 400, labeling the two intercepts and the slope. 5 Open With Print 11:26 X Chapter 6 Worksheet.docx 4. Given a firm that observes w=10 and 20, that has of 25 and of 5. is that firm minimizing costs? If not, what should they do? 5. The following production functions exhibit constant, decreasing, or increasing RTS? 6. During the middle ages, some technological inventions of the Romans were lost. Depict how a decrease of technology would change the optimal amount of Capital and Labor to produce the same output. 5 Open With Print