Please answers the questions ASAP Identify the choice that best completes the st
ID: 1195701 • Letter: P
Question
Please answers the questions ASAP
Identify the choice that best completes the statements or answer the question Refer to Exhibit 22-1. The numbers that go in blanks (E) and (F) are, respectively, 22 and 20. 25 and 20, 15 and 10. 20 and 22. none of the above Refer to Exhibit 22-1. The numbers that go in blanks (A) and (B) are, respectively, 20 and 30. 0 and 21. 20 and 21. 1 and 2. 20 and 25 Refer to Exhibit 22-1. The numbers that go in blanks (C) and (D) are, respectively, 25 and 20. 20 and 22. 25 and 24. 22 and 20. none of the above Refer to Exhibit 22-1. Diminishing marginal returns set in with the addition of which unit of the variable input the fifth the fourth the sixth the third the secondExplanation / Answer
MPP of variable input formula = change in quantity / change in variable input
This formula has been used to calculate value in the fourth column
1)
c. 15 and 10 as shown in the above table
2)
a. 20 and 30 as shown in the above table
3)
a. 25 and 20 as shown above
4)
d. the third because the MPP declined to 25 with the addition of third unit
as compared to the addition of second unit where MPP was 30 as shown above.
Variable input Fixed input Quantity of output MPP of variable input 0 1 0 1 1 20 20 2 1 50 30 3 1 75 25 4 1 95 20 5 1 110 15 6 1 120 10