Use the information in the schedules above to draw this economy's production function. label it. draw a point to show equilibrium employment and potential gdp. at the full-employment quantity of labor, the real wage rate is $ an hour.

The information in the schedules can be found on this link:

https://www.google.ch/search?q=%22production+function+and+demand+for+labor+schedules%22&hl=en&tbm=isch&source=iu&ictx=1&fir=Q9NxFXsgg-TLAM%253A%252C3Ii2VLpJgT9QqM%252C_&vet=1&usg=AI4_-kT1RugPPWJXULztRybSitHwqJnmQg&sa=X&ved=2ahUKEwjV-vf__eXmAhUDvVkKHYsSDh8Q9QEwCHoECAoQDA#imgrc=_&vet=1

There is a federal agency in the legislative branch of the US Government that makes economic information available, that agency is "The Congressional Budget Office", which inspects and breaks down the distribution of income in the country and how it changes over time.

The GDP is the value of goods and services produced in a year; the production function is the relationship between GDP and labor, where labor supply is wage rate and labor hours at such wage rates and the combination of wage rates and labour hours determines the labor demand. With the info provided in the example, the real wage rate would be $2 an hour.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

answerpounds of plastic to purchase 200+60-20=(240);