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- The term productive efficiency means This is important because %3D The term allocative efficiency means This is important becauseThe Al-Maskri Company in Seeb makes flower pots and receives RO 10 for each finished pot. Mr. Al-Maskri’s only factors of production are flower pot machine operators (labor) and a small building where the laborers work from. The number of flower pots per day the company produces depends on the number of employee-hours per day as shown below. The wage is RO 15 per hour. Number of pots per day Number of employee-hours per day 0 0 5 1 10 2 15 4 20 7 25 11 30 16 35 22 Al-Maskri’s daily fixed cost for the flower pot making machine and building is RO 60. Complete the following Table showing total revenue, variable cost, total cost, and daily profit for various quantities of daily flower pot production. Quantity of Pots per day Total Revenue RO per day Variable Costs RO per day Total Costs RO per day Profit RO per day 0 0 0 60 -60 5 75 -25 10 15…1. PEDRO, a regular employee of a large Corporation, ABC, receives P1,000.00 per day. He worked for 8 hours - from 8 AM to 12 Noon, and 1 to 5 PM - on his Rest Day (a Wednesday), which was also declared a Special Day. . He was also required to work from 5 PM that Wednesday up to 1:00 AM the following day (Thursday). How much will the Total Wage that Pedro shall receive for the hours worked for those two days, Wednesday to Thursday?
- Siam Manufacturing has implemented several programs to improve its productivity. President and producer of Thai tea instant, has been able, with his current equipment, to produce 12,500 units this year and 10,500 units for last year. In this year, their product requires 13,200 labor hours, utilities of S8,250, and capital of $88,000 to process. For last year, their product requires 12,000 labor hours, utilities of $7,600, and capital of $83,000 to process. They have asked you to evaluate the firm's productivity by comparing this year's performance with last year's. Last year This YearOutput 10,500 units 12,500 unitsLabor hours 12,000 13,2000Utilities $7,600 $8,250Capital $83,000 $88,000what is the multi-factor percent change this year vs last yearLabor Total Product Marginal Product Average Product 0 1 2 3 4 5 6 7 8 0 Blank 1 25 Blank 5 Blank 7 Blank 9 80 Blank 13 Blnak 15 Blank 2 Fill in the missing values based on the above production schedule table (Blackboard "Ultra" currently cannot display table formatting, so the below text is not displaying correctly). For the Average Product responses only, round your answer to TWO-decimal places; you MUST enter the decimal values even if it is a '0' - ie: enter 18.00 NOT 18). Labor Total Product Marginal Product Average Product 0 0 N/A N/A 1 Blank 1 Blank 2 10.00 2 25 Blank 3 Blank 4 3 Blank 5 20 Blank 6 4 Blank 7 Blank 8 15.75 5 Blank 9 12 Blank 10 6 80 Blank 11 Blank 127 Blank 13 0 Blank 14 8 Blank 15 Blank 16 8.50 Blank 1 Add your answer Blank 3 Blank 4 Blank 5 Blank 6 Blank 7 Blank 8 Blank 9 Blank 10 Blank 11 Blank 12 Blank 13 N/A Blank 2 Blank 3 20 Blank 8 12 Blank 14 Blank 11 0 Blank 16 Blank 15 Blank 16 Add your answer Add your answer Add your answer Add your answer Add your…Mr. R is working from7:30 AM to 3:30PM including lunch break for 5 days every week in jewelry design shop. His main task is designing authentic men's jewelries. He agreed to be paid by piece rate of 15 OMR /design for 15 weeks. If his daily output is 10 designs, calculate total earnings. O ,050 OMR O 10,500 OMR O 750 OMR O 11,250 OMR Labor demand and supply of labor are external factors that impact compensation practices. If supply of labor is less than the labor demand, most employers offer to jobseekers. O Higher rate Going rate O Lower rate O Market rate
- 1. Suppose Firm A has a budget of P1.5 million pesos in outsourcinginputs, labor and machines, that would lend support in its 1 yearoperation. Suppose further that the cost of labor for 1 year is P150,000and for a machine is P200,000. If it decides to hire 6 laborers, howmany machines would it accept?JayZee is the new sensation in the fashion industry, his cloth line is being appreciated and liked by the masses. Due to increased demand he decided to hire more labour (variable factor) while it is not possible for him to extend his warehouse size. If he hires you as an expert to ensure maximum profits with following information, take the best decisions, solve all the parts and their subparts. Total Product Units of Capital Units of Labour 0 5 0 100 5 1 240 5 2 400 5 3 500 5 4 560 5 5 570 5 6 570 5 7 520 5 8 460 5 9 1. Find: AP, MP and TR (show calculation)2. Find: i. Identify the three stages of production. ii. Construct the curves of TP, MP and AP. iii. Suggest how many labour should JayZee hire and why.Quacion Last year, Jarod left a job that pays $80,000 to run his own bike-repair shop. Jarod's shop charges 365 for a repair, and last year the shop performed 4,000 repairs. Jarod's production costs for the year included rent, wages, and equipment, Jarod spent $60,000 on rent and $120.000 on wages for his employees. Jarod keops whatever preft the shop eams but does not pay himself an olle wage Jarod used $25,000 of his savings to buy a machine for the business. His savings a saming an annual interest rate of 6 percent. a. What is Jarod's annual accounting profi? ( b. What is Jarod's annual economic profit? c. Based on what you have found in parts a and b., should Jarod continue running his bike-repair shop or quilt to return to his former job?
- quantity of machines 100 90 80 70 60 50 40 30 20 10 O $3450 O $6000 O $3000 (10,84) O $4250 10 20,20) 20 (30,9) 40,5) 40 50 quantity of workers 30 A jewelry firm uses workers and machines to make bracelets. Workers cost $100 per day and machines cost $50 per day. The firm produces 200 bracelets per day. The lowest variable cost of producing 200 bracelets is _q=200 602500 2000 1500 Returns te scale: 0.33 1000 Price 2 10 15 20 25 30 Size dength in feet) 35 40 Rental price 100 The interactive above is from the loarning object, it will automatically find the profit maximizing length of the truck Adam should rent at given prices, rental rates, productivities, and returns to scale. It only the productivity of the truck Adam chooses to rent decreases, which of the following would be true at the new profit maximizing level of output and length of truck? Select the two that apply O A decrease in marginal cost O A decrease in total costs O A decrease in total revenuo O An incroase in the amount of labor Adam hires Revenueerslerim > 2020-2021 Güz Dönemi > SIYASAL BILGİLER FAKULTESİ > IKTISAT > 2021G-ECON211-1228167 > Genel > Fina Site ana sayfası Takvim Nişanlar Tüm dersler Course dashboard The marginal product of labor in the production of computer chips is 25 chips per hour The marginal rate of technical substitution of hours of labor for hours of machine capital is 1/2. What is the marginal product of capital? Yanıt A SONRAKİ SAYFA