SophiaPretty

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About SophiaPretty

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Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
Last Sign in: 304 Weeks Ago, 5 Days Ago
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  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

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  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Business & Finance Posted 05 Sep 2017 My Price 7.00

Also show the equilibrium values in this problem.

Labor               Output                     Marginal Product

   0                          0                                      0

1,000                  700,000                            700

2,000                 1,200,000                          500

3,000                 1,500,000                          300

4,000                 1,600,000                          100

5,000                 1,600,000                            0

6,000                 1,500,000                          -100

 

a) Draw diagrams of the production function and labor market and label the appropriate curves. Also show the equilibrium values in this problem.

b) Show the effects of an increase in labor supply to 5,000.

c) Show the effects of a twenty percent upward shift in the production function.

By the way did i do marginal product correctly

 

Answers

SophiaPretty
(5)
Status NEW Posted 05 Sep 2017 11:09 AM My Price 7.00

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