CA Foundation Exam > CA Foundation Questions > Use this information :-Hours of labour : 0 , ...
Start Learning for Free
Use this information :- Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?
- a)80
- b)100
- c)180
- d)200
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Verified Answer
Use this information :-Hours of labour : 0 , Total Output : 0 , Margin...
Most Upvoted Answer
Use this information :-Hours of labour : 0 , Total Output : 0 , Margin...
Understanding Total Output and Marginal Product
When analyzing labor input and its effect on total output, it is essential to comprehend the relationship between hours of labor and the resultant output. The provided data illustrates how output varies with different labor inputs.
Data Breakdown
- Hours of Labour: 0
- Total Output: 0
- Marginal Product: 0
- Hours of Labour: 1
- Total Output: 100
- Marginal Product: 100
- Hours of Labour: 2
- Total Output: 0
- Marginal Product: 80
- Hours of Labour: 3
- Total Output: 240
- Marginal Product: 0
Analyzing the Output for 2 Hours of Labour
To determine the total output when 2 hours of labor are employed, we need to evaluate the total output associated with that specific labor input.
- At 1 hour of labor, the total output is 100.
- At 2 hours of labor, the total output is 0.
This means that when labor is increased from 1 hour to 2 hours, the output does not remain at 100; rather, it experiences a decline.
Calculating Total Output for 2 Hours
To find the total output at 2 hours of labor, we consider the marginal product of the second hour:
- Marginal Product at 2 hours: 80
Since the total output at 1 hour is 100, we can add the marginal product of the 2nd hour to the total output of the 1st hour:
- Total Output at 2 hours = Total Output at 1 hour + Marginal Product at 2 hours
- Total Output at 2 hours = 100 + 80 = 180
Thus, the correct output when 2 hours of labor are employed is:
Correct Answer: C) 180
When analyzing labor input and its effect on total output, it is essential to comprehend the relationship between hours of labor and the resultant output. The provided data illustrates how output varies with different labor inputs.
Data Breakdown
- Hours of Labour: 0
- Total Output: 0
- Marginal Product: 0
- Hours of Labour: 1
- Total Output: 100
- Marginal Product: 100
- Hours of Labour: 2
- Total Output: 0
- Marginal Product: 80
- Hours of Labour: 3
- Total Output: 240
- Marginal Product: 0
Analyzing the Output for 2 Hours of Labour
To determine the total output when 2 hours of labor are employed, we need to evaluate the total output associated with that specific labor input.
- At 1 hour of labor, the total output is 100.
- At 2 hours of labor, the total output is 0.
This means that when labor is increased from 1 hour to 2 hours, the output does not remain at 100; rather, it experiences a decline.
Calculating Total Output for 2 Hours
To find the total output at 2 hours of labor, we consider the marginal product of the second hour:
- Marginal Product at 2 hours: 80
Since the total output at 1 hour is 100, we can add the marginal product of the 2nd hour to the total output of the 1st hour:
- Total Output at 2 hours = Total Output at 1 hour + Marginal Product at 2 hours
- Total Output at 2 hours = 100 + 80 = 180
Thus, the correct output when 2 hours of labor are employed is:
Correct Answer: C) 180
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer?
Question Description
Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer?.
Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer?.
Solutions for Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Use this information :-Hours of labour : 0 , Total Output : 0 , Marginal Product : 0 ;, Hours of labour : 1 , Total Output : 100 , Marginal Product : 100 ;,Hours of labour : 2 , Total Output : 0 , Marginal Product : 80 ;,Hours of labour : 3 , Total Output : 240 , Marginal Product : 0 ;, What is the output when 2 hours of labour are employed ?a)80b)100c)180d)200Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup