Use the data below to compute the marginal product of labor in Larry’s Lawnmower Company.  Larry’s Lawn mowing Quantity of Labor (workers) Total Product (lawns mowed per day) Marginal Product of Labor (MPL) 0 0 — 1 3 2 8 3 15 4 20 5 21 Write down your answers, you will need them for the next question.

The figure represents a restaurant operating in monopolistic competition. Alt Text: meals at a restaurant The firm’s efficient scale occurs at meals per day. Therefore the firm have excess capacity of meals per day.   

Tom pays a daily fee of $300 to occupy a pretzel stand in the mall. He pays his workers $100 per day to make and sell pretzels.  What are Tom’s fixed costs? Explain why these costs are fixed.

The market for Las Vegas hotel rooms Show on a supply and demand graph the impact of the following events on the equilibrium price and quantity. Hotels cut their prices, offering deep discounts on hotel rooms.  What will be the impact on the market for Las Vegas hotel rooms? Select all that apply. 

The figure shows the market for sports drinks. Consider this statement:  “If the price falls from $3 to $1 per bottle, quantity demanded changes from 10 to 25 bottles.” Which of the following states the same idea? Alt Text: sport drink

The figure shows the market for sports drinks. Which of the statements are true? Alt Text: sport drink i. A change in demand is shown as a movement from C to A. ii. A change from point C to point B represents a change in the quantity demanded. iii. If the price increases from $1 to $3, quantity demanded will decrease from 25 to 10 bottles. 

The intensity of the US beam is proportional to what?

Rectification is ____________

A pulse travels through a large mass at a speed of 1.25 mm/us, where will the distal tissues’ echoes be placed?

Reflectors that are closer together than the width of the beam create what artifact?