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Refer to the following table:
Number of Output Marginal Product Value of Marginal Wage Marginal Profit
workers of Labor Product of Labor
0 0 -- ____ $300 ------
1 300 300 $600 $300 $300
2 500 200 AA $300 $100
3 600 100 $200 $300 BB
4 650 CC DD $300 - $200
1. What is the value for the cell labeled AA?
A. $300
B. $600
C. $400
D. $500
E. $200
2. What is the value for the cell labeled BB?
A. $300
B. $-100
C. $0
D. $100
E. $200
3. What is the value for the cell labeled CC?
A. 650
B. 0
C. 600
D. 50
E. 100
4. What is the value for the cell labeled DD?
A. $0
B. $100
C. $50
D. -$100
E. $300

Respuesta :

jepessoa

Answer:

1. What is the value for the cell labeled AA?

  • C. $400

2. What is the value for the cell labeled BB?

  • B. -$100

3. What is the value for the cell labeled CC?

  • D. 50

4. What is the value for the cell labeled DD?

  • B. $100

Explanation:

# of           output     marginal       value of         wage       marginal

workers                    product        marginal                         profit

                                 of labor        prod. of L.

0                    0              --                 --                  $300           --

1                 300          300             $600              $300       $300

2                500          200               AA                $300       $100

3                600          100              $200              $300         BB

4                650          CC                 DD                $300      -$200

AA = 200 x $2 = $400

BB = $200 - $300 = -$100

CC = 650 - 600 = 50

DD = 50 x $2 = $100

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