Ecs2604 Assignment 1 Semester 1 2023

3/5/23, 10:03 PM Assessment 1: Attempt review




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Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS2604-23-S1 / Welcome Message / Assessment 1

Started on Sunday, 5 March 2023, 9:49 PM
State Finished
Completed on Sunday, 5 March 2023, 10:03 PM
Time taken 14 mins 10 secs
Marks 10.00/10.00
Grade 100.00 out of 100.00


Question 1
Correct

Mark 1.00 out of 1.00




Use the following table to answer question below:

Number of workers Total number of pizzas produced per hour

0 00

1 06

2 13

3 18

4 21

5 23

6 22


Law of diminishing marginal returns begins with the ________ employee.




First



Second



Third 

Fourth

Fifth




Your answer is correct.

The correct answer is:
Third




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, 3/5/23, 10:03 PM Assessment 1: Attempt review

Question 2

Correct

Mark 1.00 out of 1.00


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The value of the marginal product of labour is equal to the product of:
Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS2604-23-S1 / Welcome Message / Assessment 1


The marginal product of labour and marginal cost of production.



The marginal product of labour and price. 

The average product of labour and the average cost of production.

The average product of labour and price.

The marginal product of labour and average revenue.



Your answer is correct.




The correct answer is:
The marginal product of labour and price.




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