Use the following two statements to answer this question:
i. the marginal product of labor is the slope of the line from the origin to the total product curve at that level of labor usage.
ii. the average product of labor is the slope of the line that is tangent to the total product curve at that level of labor usage.
a. i is true, and ii is false.
b. both i and ii are false.
c. i is false, and ii is true.
d. both i and ii are true.

Atoy manufacturer makes its own wind-up motors, which are then put into its toys. while the toy manufacturing process is continuous, the motors are intermittent flow. data on the manufacture of the motors appears below.annual demand (d) = 50,000 units daily subassembly production rate = 1,000setup cost (s) = $85 per batch daily subassembly usage rate = 200carrying cost = $.20 per unit per year(a) to minimize cost, how large should each batch of subassemblies be? (b) approximately how many days are required to produce a batch? (c) how long is a complete cycle? (d) what is the average inventory for this problem? (e) what is the total annual inventory cost (holding plus setup) of the optimal behavior in this problem?

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

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