Order ID:89JHGSJE83839 | Style:APA/MLA/Harvard/Chicago | Pages:5-10 |
Instructions:
This worksheet is intended to help you develop the information you will use to complete your Unit IV Essay. You are expected to include the completed tables in your Unit IV Essay. The additional questions after the tables are intended to help you formulate your ideas concerning what you will write in your essay.
NOTE: Just completing this worksheet does not constitute completing the Unit IV Assignment. The information from the worksheet must be incorporated into your essay submission. Follow the instructions below.
Instructions:
Complete all parts of this Unit IV Assignment Worksheet.
Answer the questions listed after the tables; these will help you formulate your ideas for writing the essay part of this units assignment. You are expected to expand on these questions in your writing.
Include the tables and your question responses from this worksheet as an appendix at the end of your essay.
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On the following pages, you will be provided with tables showing the different levels of output that are possible as the number of workers used per day changes. Using the information, you learned from this units textbook readings for this class as well as the information in the Unit IV Lesson, include the following:
Complete the two tables below; one is for production of concession stand item sales while the other is for production of movie ticket sales.
Answer all of the questions listed below each table; as mentioned, these answers will help you when formulating your thoughts for the essay part of your Unit IV Assignment.
Questions: Use these questions to help you formulate your ideas for writing the Unit IV Essay.
Using the information from the table you completed, answer the following questions:
At what number of workers used per day does the law of diminishing marginal returns begin? How did you determine this number?
At what number of workers used per day does negative marginal returns begin? How did you determine this number?
What similarities do you see between the shape of the Average Product curve and the Average Value Product Curve?
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What similarities do you see between the Marginal Product curve and the Marginal Value Product curve?
What is the optimal number of workers per day to use at the theatres concession stand to produce concession stand item sales? How did you determine this optimal number?
Questions: Use these questions to help you formulate your ideas for writing the Unit IV Essay.
Using the information from the table you completed, answer the following questions:
At what number of workers used per day does the law of diminishing marginal returns begin? How did you determine this number?
At what number of workers used per day do negative marginal returns begin? How did you determine this number?
What is the optimal number of workers per day to produce movie ticket sales? How did you determine this optimal level?
Instructions
Ruby Red Movie Theatre has experimented with using different numbers of workers in the concession area of the theatre as well as at the ticket counter. In these experiments, Tracy, the manager of the theatre, collected data on total number of buckets of popcorn as well as movie ticket sales produced per day.
Tracy would like for you to analyse the data and tell her how many workers she should use each day in the concession stand area for producing popcorn and in the ticket area for producing movie ticket sales. She would also like to know how many buckets of popcorn and movie tickets will be produced/sold by those workers per day.
Access the Unit IV Assignment Worksheet in Blackboard. You will complete the following in this worksheet:
Part 1
Complete the tables calculating the average product, marginal product, total value product, average value product, and marginal value product.
Part 2
Answer the five questions after each table as a guide to use when writing your essay.
Part 3
Write an essay of at least 750 words in which you address the following:
Describe your calculations in the table.
Indicate the number of workers used per day where the law of diminishing marginal returns begins for producing buckets of popcorn.
Indicate the number of workers used per day where the law of diminishing marginal returns begins for movie ticket sales production.
Describe the shapes of both the average product and marginal product curves, and include how they compare to the average value product and marginal value product curves for both buckets of popcorn and movie tickets.
Indicate the optimal number of workers per day to use and the corresponding total number of buckets of popcorn to produce. Make sure you indicate how you found this optimal number of workers and total number of buckets of popcorn.
Indicate the optimal number of workers per day to use and the corresponding total number of movie tickets to sell (produce). Make sure you indicate how you determined this optimal number of workers and total number of movie tickets.
Include a copy of the completed tables and your question answers from the worksheet after your essay (e.g., on the page following your reference page, if you have one). The minimum word count will not include the information from the worksheet (tables and answers).
Any sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations. All references and citations used must be in APA Style.
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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