Logo
Home Study Material Contact Search
AI Chat FREE
  1. sciences
  2. biology
  3. 2 consider a firm with the following output and ma

2 Consider a firm with the following Output and Marginal Product Number of Output Value...

70.2K

Verified Solution

Question

Biology

image

2 Consider a firm with the following Output and Marginal Product Number of Output Value of worker Units employed 0 1 2 3 4 5 6 7 8 9 0 14 Marginal Products Units 21 25 24 22 20 18 14 Average Product Units Marginal Product GhC 60 Assuming the price of output is 5GHC a Fill in the blanks in the above table for the firm 4 Marks Value of Average Product GhC b What is the optimal level of employment when the wage rate for a worker is 100 GHC 3 Marks c Assuming the firm is a discriminatory firm with a positive discrimination coefficient d 0 5 against tribe A If the market wage is 100 GHC explain the condition under which the firm will hire a worker from tribe 4 Marks d If in January 2016 the wage rate for doctors was 4000 GHC and 1200 doctors were working in the public sector in Ghana and in November government reduces the wage of doctors to 3800 GHC and 400 doctors were remaining in the public sector Calculate the labour supply elasticity for doctors in the public sector Is labour supply for doctors elastic 4 Magira

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

Easy Talk phones have an electronic component that is produced by WiredUp Inc. Under normal operations...

Electrical Engineering
1.2K views

I need the path loss formula of two ray model for (urban,suburban,rural)

Biology
1.2K views

(Pierce worked problem) Suppose that a consensus sequence in the regulatory promoter of a eukaryotic...

Biology
1.2K views

Russian scientist named Balyaev was able to tame over the course of forty years and...

Basic Math
1.2K views

Choose the correct answer The economic phase characterized by most undeveloped nations is O agricultural...

Calculus
1.2K views

Find A f x B the partition numbers for f and C the critical numbers...

Accounting
1.2K views

History Bookmarks Window Help utrition Guide...

Accounting
1.2K views

C4-2 (Algo) From Recording Transactions (Including Adjusting Journal Entries) to Preparing Financial Statements and Closing...

Accounting
1.2K views

Calculate the account balence for each of the following: (If a box is not used...

Accounting
1.2K views

In 2023, Jack, age 12, has interest income of $7,140 on funds he inherited from...

Accounting
1.2K views

Northwest Fur Company started 2024 with $97,000 of inventory on hand. During 2024,$470,000 in inventory...

Finance
1.2K views

***Hand written*** Assume that you recently graduated and landed a job as a...