Consider the information given below. 345,000 units Output Sales price $1,315.00/unit Inputs 6,800 labor hours @ $14.00 per hour Material cost $40,750,000 Utilities cost $4,200 Calculate the single factor productivities and the total productivity. Do not round intermediate calculations. Round your answers to two decimal places. Labor productivity. $/labor$ Material productivity Utilities productivity Total productivity $/material$ $/utilitys $/input$
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- pols Add-ons Help Last edit was seconds ago xt I UA Calibri 11 + 三 2 | 3 II | I 4 II| II6 4. Thanks to years of consistent contracts and an outstanding administration, Crestwood High School has formed one of the best teaching staffs in the State of Michigan. This staff has learned how to work seamlessly with each other and students. They are now able to effectively teach more students in every class than before. *Name the determinant: Automakers have introduced new heating lamps to their paint shops that allow them to dry layers of paint faster than ever before. These newly invented heaters use less energy and have greatly increased output. 5. *Name the determinant: 27°C Rain II 近William is the owner of a small pizza shop and is thinking of increasing products and lowering costs. William’s pizza shop owns four ovens and the cost of the four ovens is $1,000. Each worker is paid $500 per week. Workers employed Qty of pizzas produced per week 0 1 2 3 4 5 6 7 8 0 75 180 360 600 900 1140 1260 1360 Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary. Which inputs are fixed and which are variable in the production function of William’s pizza shop? Over what ranges do there appear to be increasing, constant, and/or diminishing returns to the number of workers employed? What number of workers appears to be most efficient in terms of pizza product per worker? What number of workers appears to minimize the marginal cost of pizza production assuming that each pizza worker is paid $500 per week? Why would marginal productivity decline when you hire more…Hamza is a young and energetic production manager of a software production firm. With his hard work, he maximized the monthly profit to Rs 750000 while carefully keeping the price of software as Rs 2250. He utilized the resources in such a dynamic way that firm achieved total product of 225 softwares per month. What total cost was incurred on this production?
- The teohnically efficient combination of two products a business oän produco in the current period given its existing resources and teohnology is: LA) The produotion possibilities frontier (b) The marginał rate of product transformation-- (c). The least cost.combination of two products (d) The marginal physical productThe accompanying table shows the total daily output for a firm producing specialty cakes and operating with a fixed amount of capital. The cost of labour is $200 per unit per day and the fixed cost of the capital is $1500 per day. Click the icon to view the table. 24 28 8 12 16 20 Complete the last four columns of the table. Units of Labour Total Output (per day) (per day) 4 200 24 2450 28 2510 500 1200 1950 2330 2450 $ 1500 2510 $ 4800 $ 1500 $ 5600 TFC TVC $6300 $ 7100 TC MC $ 2.67 $ 1.14 $ 1.07 $ 2.11 $6.67 $ 13.33 AFC $7.5 $3 $ 1.25 $ 0.77 $ 0.64 $ 0.61 AVC $4 $3.2 $2 $ 1.64 $ 1.72 $ 1.96 ATC $ 11.5 $6.2 $ 3.25 $ 2.41 $ 2.36 $ 2.57 $ 2.23 $0.6 (Round your responses to the nearest cent.) b. Assuming that labour is only hired in increments of 4 units, what is this firm's capacity level of output? per day $ 2.83Practice Question 1 If the price of the product is GH¢2.00 and cost per unit of labour is GH¢10.00, Complete the table below. Labour unit Marginal Marginal Revenue Tetal Total Average Product Total TRP-TLC MRP-MLC Marginal Labour Cost Labour Cost Product Product Revenue Product Product 10 10 20 25 30 45 40 60 50 70 60 75 70 78 80 80 00:15 1 2 3 4 56 70
- > Read Battle Through the Heave X O ONE OK ROCK - Wasted Ni x O Homework: Production and Cc x * MindTap - Cengage Learning C 12. Shifts In Cost Curves The F x + A ng.cengage.com/static/nb/ui/evo/index.html?deploymentid=581353222158121530708104710&elSBN=9781337621410&id=D1134714870&snapshotld=2322079& Joseph v CENGAGE | MINDTAP Q Search this course A My Home Homework: Production and Costs (Ch 21) FiW In the remalning cells of the table. Courses Quantity (Pairs) Total Cost Marginal Cost (Dollars) Average Variable Cost (Dollars per pair) Average Total Cost (Dollars per pair) Fixed Cost Variable Cost (Dollars) (Dollars) (Dollars) O Catalog and Study Tools 120 A-Z 1 200 * Partner Offers 2 240 285 E Rental Options 4 340 425 E college Success Tips 6 540 A Career Success Tips RECOMMENDED FOR YOU On the following graph, plot Douglas Fur's average total cost curve (ATC) using the green points (triangle symbol). Next, plot its average varlable cost curve (AVC) using the purple points (diamond…Name Time Started Time Finished Variable input (Labor) 0 10 20 1. Define the following terms: production function, average product, marginal product, law of diminishing marginal returns, constant returns to scale, increasing returns to scale and decreasing returns to scale. 2. Complete the table below: 30 40 50 60 THEORY OF PRODUCTION Activity No. 6 70 80 90 100 110 120 130 140 Total Product 0 250 600 1200 1900 2700 3600 4400 5000 5425 5700 5825 5900 Course & Year Date Performed 5925 5875 Average Product Marginal Product With the values in the above table, plot Total Product (TP), Average Product (AP) and Marginal Product (MP) in a single graph with units of product at the vertical axis and labor units at the horizontal axis. You can also use two (2)graphs (TP above AP and MP curves) Label your graphs properly. Use graphing paper for your curves if you do not have computer/laptop access but insert graph is recommended. 3. Describe the shapes of the curves drawn. What relationship can…Use the following table to calculate AVC - use previous calculations and keep your calculation for follow up questions: Total Output Total Cost TFC TVC AFC AVC ATC MC 0 $20 10 $40 20 $60 30 $90 40 $120 50 $180 60 $280 a. Total Output Total Cost AVC 0 $20 $20 10 $40 $2 20 $60 $2 30 $90 $2.33 40 $120 $2.5 50 $180 $3.20 60 $280 $4.33 b. Total Output Total Cost AVC 0 $20 $10 10 $40 $20 20 $60 $20 30 $90 $23.33 40 $120 $25.5 50 $180 $32 60 $280 $43.33 c. Total Output Total Cost AVC 0 $20 $2 10 $40 $2 20 $60 $2.33 30 $90 $2.5 40 $120 $3.20 50 $180…
- what is the main difference between average physical and marginal physical product? describe the concepts of fixed and variable cost and provide an example for each. describe purchasing power while also providing an example of decreased purchaing powerDefine marginal physical product of labor (MPP) and marginal cost of product (MC). How are these two related? Why is MC called the mirror image of MPP? Explain. Answer must correct. Describe it step by step. Don,t copy from anywhere. Use word file for answer. Use graph. word limit minimum 350 .Please show proper computation and explanation for me to understand it better. Thank youuuuu
