Suppose a firm’s short-run production function is given by 𝑄𝑄 = 16𝐿𝐿0.8. What is the marginal product ofthe fourth worker?a) 36b) 10c) 49d) 1.85

Use the data in the table below to answer questions 1 through 10.Input Total product0 01 42 83 154 225 256 277 288 24What is the marginal product for 4 units of input?Answer here

Let L represent the number of workers hired by a firm and let Q represent that firm’s quantity of output. Assume two points on the firm’s production function are (L = 12, Q = 122) and (L = 13, Q = 130). Then the marginal product of the 13th worker is

The units of variable input (let's use labor in this case) in a production process are 1, 2, 3, 4, and 5. The corresponding total outputs are 8, 16, 24, 31, and 37, respectively. The marginal product for the fourth unit is:A.4B.36C.8D.7E.6

The total output of a business divided by the number of labor units employed gives the _____ product of labor.Multiple choice question.marginalmedianaverage

Question 5 (HPW11.5, Problem 80, p. 527)A monopolist who employs m workers finds that they produce:𝑞 = 2𝑚(2𝑚 + 1) *&Units of product per day. The total revenue, r (in dollars), is given by:𝑟 = 50𝑞:1000 + 3𝑞a) What is the price per unit (to the nearest cent) when there are 12 workers?b) Determine the marginal revenue when there are 12 workersc) Determine the marginal-revenue product when m =12.Note: round your answers to 2 decimal places