Question : 31) Denise owns a plant that produces watch parts in : 1226134

 

 

31) Denise owns a plant that produces watch parts in Ohio. Denise noticed that when she hired the last worker, that worker’s marginal product exceeded the marginal product of the previous worker. As a result, when the last worker was hired, Denise’s average product of labor

A) decreased.

B) increased.

C) did not change.

D) perhaps changed, but there is not enough information to determine whether or not it did change.

E) equals the marginal product of labor.

 

 

 

32) Kenya owns a lawn mowing company. His total product schedule is in the above table. The marginal product of the fourth worker is ________ lawns mowed per week.

A) 80

B) 25

C) 20

D) 5

E) 320

 

33) Kenya owns a lawn mowing company. His total product schedule is in the above table. When 4 workers are employed, the average product is ________ lawns mowed per week.

A) 80

B) 25

C) 20

D) 5

E) 320

34) Kenya owns a lawn mowing company. His total product schedule is in the above table. Decreasing marginal returns first occur with the

A) first worker.

B) second worker.

C) third worker.

D) fourth worker.

E) fifth worker.

 

 

 

35) The above table shows the total product schedule for Hair Today, a hair styling salon. Based on the table, the marginal product for Hair Today

A) never reaches a maximum.

B) decreases after the 1st worker.

C) reaches a maximum with the 4th worker.

D) reaches a maximum with the 3rd worker.

E) reaches a maximum with the 5th worker.

 

36) The above table shows the total product schedule for Hair Today, a hair styling salon. The average product when four workers are hired is

A) 10 hair stylings.

B) 15 hair stylings.

C) 20 hair stylings.

D) 240 hair stylings.

E) the same as when five workers are hired.

37) Which of the following is correct about marginal and average products?

A) When the marginal product is increasing, the average product must be increasing.

B) When the marginal product exceeds the average product, the average product must be increasing.

C) When the average product is increasing, the marginal product must be decreasing.

D) When the marginal product is decreasing, the average product must be decreasing.

E) When the marginal product is increasing, the average product must be decreasing.

 

38) When the average product is at its maximum,

A) the marginal product is increasing as output increases.

B) the marginal product is negative.

C) it is equal to the marginal product.

D) total product is also at its maximum.

E) total product is at its minimum.

 

39) Under which of the following sets of circumstances is it definitely the case that the average product increases as more labor is hired?

A) Total product increases as more labor is hired.

B) The marginal product is equal to the average product.

C) The marginal product is positive.

D) The marginal product is greater than the average product.

E) The marginal product is less than the average product.

 

40) The average product is the greatest in the short run when the

A) total product is maximized.

B) marginal product is equal to zero.

C) marginal product is maximized.

D) marginal product is equal to the average product.

E) marginal product is greater than the average product.

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more