HW chap 7

Emilysmarginalproductfromworkingonehouris18cartoonsfro

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Unformatted text preview: r unit of labor added. The average product of labor, denoted APL , equals the amount of output divided by the number of workers employed (so total output equals the average product of labor multiplied by the amount of labor). Emily's total product from working one hour is 18 cartoons (from one hour multiplied by 18). Emily's total product from working two hours is 30 cartoons (from two hours multiplied by 15). Emily's total product from working three hours is 36 cartoons (from three hours multiplied by 12). Emily's total product from working four hours is 36 cartoons (from four hours multiplied by 9). Emily's marginal product from working one hour is 18 cartoon(s) (from 18 cartoons from one hour minus 0 cartoons from zero hours). Emily's marginal product from working two hours is 12 cartoon(s) (from 30 cartoons from two hours minus 18 cartoons from one hour). Emily's marginal product from working three hours is 6 cartoon(s) (from 36 cartoons from three hours minus 30 cartoons from two hours). Emily's marginal product from working four hours is 0 cartoon(s) (from 36 cartoons from four hours minus 12 cartoons from three hours). 12. awar d: 5 out of 5.00 points Suppose that John, April, and Tristan have two production plants for producing orange juice. They have a total of 1000 crates of oranges. The marginal product of oranges in plant 1 is and in plant 2 is http://e z to.mhe c loud.mc gr a w- hill.c om/hm.tpx? todo= pr intvie w 2/7 1/21/2014 Assignme nt Pr int Vie w What is the best assignment of oranges between the two plants? Instructions: Enter your answers as whole numbers. Plant 1 should use 475 crates of oranges in production and plant 2 should use 525 crates of oranges. rev is ed jrl...
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