Advanced Placement (AP) College

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Production Worksheet


The firm is in a perfectly competitive market. There are only 2 inputs: Labor (which costs you $150 per worker, labeled L in the graph) and Rent ($300, the fixed cost).


Fixed Cost= Rent = 300 Variable cost= Labor= 150 Price= 6

!!!!PLEASE HELP ASAP!!!!Production WorksheetThe Firm Is In A Perfectly Competitive Market. There Are

Answers

Answer 1

It is to be noted that with regard to the Production Worksheet in a Competitive Market, the completed schedule is attached accordingly.

What is a production worksheet?

The Production Worksheet assists the production planner in determining the number of goods to make.

Production planning is crucial because it produces an efficient production process based on customer and organizational requirements. It improves both customer-dependent operations (like on-time delivery) and customer-independent processes (like production cycle time).

Here is how the above values are obtained:

Note that

Q = Quantity of Total Product

MPL = Marginal Product of Labor

FC = Fixed Cost

VC = Variable Cost

TC  = Total Cost

AFC  = Average Fixed Cost

AVC  = Average Variable Cost

ATC = Average Total Cost
MC = Marginal Cost

TR = Total Revenue
VMPL = Value of Marginal Product of Labor

The quantity of Total Product for each level is the addition of that level to the Marginal Product of Labor for the next level. For example:
For Level 3 is obtained by adding 115 (Q at Level 3) + 30 (MPL at level 4) = 145.

The MPL is obtained as follows:

Using level 2 as an example, MPL for 2 is obtained by subtracting the Q for level 2 from the Q of Level 1 which in this case is 70 -40 = 30.

Fixed Cost: This is given.

Variable Cost: This is given
Total Cost: This is given

Average Fixed Cost: = Fixed Cost/Quantity. Example Level 5 AFC = 300/145

= 2.068965517241379

[tex]\approx[/tex] 2.07

Average Variable Cost  = VC /Q

For level 2 this is: 150/30 = 5

ATC = TC/Q

For level 5 this is :

1050/170

= 6.17647058824

[tex]\approx[/tex] 6.18

MC  = Change in VC/Change in Q
For level 5 this is = 150/25
=6

TR = Q * P

Recall that P = 6 (as given)

For level 5, Q= 170

Hence TR = 170 * 6

= 1020

Profit = TR - TC

For level 5 that's

1020 - 1050

= -30 (Loss)

For VMPL = MPL * P

Recall Price is 6, hence
For level 5, VMPL = 25 *6

= 150

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!!!!PLEASE HELP ASAP!!!!Production WorksheetThe Firm Is In A Perfectly Competitive Market. There Are

Related Questions

In 2019 the growth rate was 0.6% with a total population of about 40 million. How many people will be added the following year?

Answers

Answer:

150 million

Explanation:

3 years past

For the following sentences please identify the signal phrases: The focus on critical-thinking skills - including analytic and quantitative reasoning, problem solving, and writing - is consistent with a shift in the way knowledge is now defined. It is more important today to be able to access, structure, and use information and apply what one knows to new problems than to remember mere facts.

The subject of this is under Communication 104 for Behavioral and Human Services

Answers

The signal phrases on the sentence include:

more important

focus

What are signal phrases?

Short words known as "signal phrases" are used to indicate to readers that a quote, paraphrase, or summary is being utilized. A signal phrase is a succinct preamble that foreshadows a quote or paraphrase to follow. When you begin a quotation or paraphrase with a signal phrase, you create a seamless transition between your ideas and the supporting data.

A change in how knowledge is now defined is congruent with the emphasis on critical-thinking abilities, including analytic and mathematical reasoning, problem solving, and writing. Today, it is crucial to be able to obtain, organize, and utilise knowledge as well as adapt what one understands to brand-new challenges. This was the message expressed in the excerpt.

The purpose of signal phrase verbs is to signify or imply that the writer is paraphrasing, quoting, or making reference to another source. The most typical verb, "says," is frequently misused. Signal words" hint at upcoming events in the text you're reading. The key to comprehending is to comprehend them.

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PLEASE HELP

Review the article "Was the Salem Witchcraft Hysteria a Product of Women’s Search for Power?”

a) Summarize each author’s position on the question "Was the Salem witchcraft hysteria a product of women’s search for power?” Describe each author’s main arguments, and discuss the supporting evidence used.

b) Evaluate which author’s argument is stronger and why.

Answers

The position that the two authors had on the Salem witchcraft was of differing views. In the views of Lyle Koehler the Salem Witchcraft hysteria was due to the fact that patriarchal dominance was too much in the society, while Laurie was of the opinion that the Salem witch craft was the neurological responses to the changes that the victims had experienced at the time.

Laurie's argument is stronger because she gave a reason that can be said to be more factual

What was the Salem Witchcraft?

The Salem Witch craft was the period of hysteria that existed in the days of the American colonies due to the fact that several women in  Massachusetts were being accused of being witches and the result was that they were prosecuted based on the belief.

Those found to be guilty of being witches were killed at the time. The trial was based on the belief that the accused were practicing the magic of the devil in the colonies.

The person that has the stronger argument in the question here would be the person of Laurie. We can see this based on the fact that she said the reasons that may actually have been the cause of the actions of the women. Her argument can be backed by science. She called it neurological disorder , which is a better reasoning.

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What part of editing is least important in fine-tuning a speech?
Punctuation
Verb tense
Vocabulary usage
Grammar

Answers

Punctuation is the part of editing is the least important in fine-tuning a speech. Hence, option A is correct.

What is meant by fine-tuning?

A radio or television receiver can be tuned by turning a control knob or bar to get the greatest reception for the desired station or channel.

An wonderful illustration of how anything can be tweaked is technology. Variables that characterize the order, composition, and material properties of their elements, such as conductivity, elasticity, and thermal expansion coefficient, have a significant impact on whether they function as intended.

In theoretical physics, fine-tuning refers to the act of changing a model's parameters with extreme precision to make it fit with specific observations.

Thus, option A is correct.

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