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MAVERICK [17]
2 years ago
13

Labor Input Total Product Marginal Product Average Product 1 8 8 8.0 2 17 9 8.5 3 27 10 9.0 4 36 9 9.0 5 44 8 8.8 6 51 7 8.5 7 5

7 6 8.1 ​1.) Using the​ 4-point curved line drawing tool​, draw the marginal product​ curve, and label this line​ 'MP'. ​2.) Using the​ 4-point curved line drawing tool​, draw the average product​ curve, and label this line​ 'AP'. ​(For your control​ points, use​ 1,3, 4, and 7 units of​ labor.) Carefully follow the instructions​ above, and only draw the required objects.   The marginal cost curve will intersect the average variable cost curve at its minimum maximum ​point, which occurs when total product equals nothing units.

Business
1 answer:
Yuki888 [10]2 years ago
8 0

Answer:

Check the explanation

Explanation:

Labor Input is an indicator the pointer characterizing the labor expressed expenditure in man-hours on a production of a particular consumer value or on a technical operation.

Total product is the total amount of output that a firm produces; it is usually stipulated in relation to a variable input.

Marginal Product is the physical efficiency or productive ability of an input in the change in output which results from employing one more unit of a particular input, presumptuous that the amounts of other inputs are kept constant.

Average Product is the amount of the overall output that was being produced per unit of a variable input, holding all other inputs at a constant rate.

The graphical solution to the question above can be seen in the attached image below.

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A manufacturer shipped units of a certain product to two locations. The equation above shows the total shipping cost TTT, in dol
andriy [413]

Answer: 2,200 units.

Explanation:

The complete exercise is:

T = 5c + 12 f

A manufacturer shipped units of a certain product to two locations. The equation above shows the total shipping cost T, in dollars, for shipping c units to the closer location and shipping f units to the farther location. If the total shipping cost was $47,000 and 3,000 units were shipped to the farther location, how many units were shipped to the closer location?

Given the following equation:

T = 5c + 12 f

You know that "T" is the total shipping cost (in dollars), "c" is the number of units shipped to the closer location and "f" is the number of units shipped to the farther location.

Based on the information given in the exercise, you can identify that, in this case:

T=47,000\\\\f=3,000

Then, knowing those values, you need to substitute them into the given equation:

47,000 = 5c + 12(3,000)

And finally, you must solve for "c" in order to calculate the number of units that  were shipped to the closer location.

You get that this is:

47,000 = 5c + 12(3,000)\\\\47,000-36,000 = 5c\\\\11,000=5c\\\\\frac{11,000}{5}\\\\c=2,200

3 0
2 years ago
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Keisha Hunter keeps track of day-to-day operational data to make sure her employer has enough cash to run the business and will
Pavel [41]

Answer:

Financial manager.

Explanation:

Financial managers have the responsibility of tendering to the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans as well as data analysis for the long-term financial goals of their organization. Keisha Hunter keeps track of day-to-day operational data to make sure her employer has enough cash to run the business and will determine if and when the company she works for should open a second distribution center.

6 0
2 years ago
A discontinuous innovation is a product that:___________
Tamiku [17]

Answer: e. requires consumers to learn entirely new patterns of behavior and product usage

Explanation: Innovation could be described as the introduction of something new to the market, this coid be marked by changes in the working principle or implementation or modification of new product features or even a complete overhaul of previoulsy existiing functions. A Discontinous innovation can be explained as a total change or complete overhaul in the type of product produce. It is marked by having a complete difference from the previously existing versions. As such, there is a shift or change in the usage of the product which is totally different from that which exists with the previously adopted versions.

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A Coverdell Education Savings Account may be preferred to a Sec. 529 Education Savings Account under all of the following circum
Tpy6a [65]

Answer:

A)The student beneficiary will use the money to pay for high school expenses.

Explanation:

A Coverdell Education Savings Account can be used for elementary, secondary, or higher education expenses (college). The money can be used to pay for public, private, or religious schools. On the other hand, 529 plans can only be used to pay for higher education expenses (college).

The maximum contribution to a Coverdell Education Savings Account is $2,000 per year per child and the contribution is not tax deductible. But when the distributions are taken to pay for the child's qualified education expenses, then they are not taxed.

6 0
2 years ago
Carla and John enter into a partnership and form a business. Under the partnership agreement, Carla is directly responsible for
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In the context of the legal forms of business, Carla and John have formed a Limited liability partnership.

A) Limited liability partnership

Explanation:

Under limited liability partnership unlike the Partnership deeds the partners do not have to bear the unlimited liability. In limited liability partnership, the deed shows the bearable limits of the partner who will be held liable and hence, Carla and John enter into a partnership and is directly responsible for the management of the firm its liability.

Whereas, John has limited liabilities in the company. Therefore, it can be said that the partners are in a limited liability partnership.

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2 years ago
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