This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The table shows the number of workers (L), the output of supplements (Q) each week, and the price of ... (Read 56 times)

jany123

  • Full Member
  • ***
  • Posts: 171
on: Nov 23, 2022

The table shows the number of workers (L), the output of supplements (Q) each week, and the price of supplements (P) for different output levels. The supplement supplier is a price taker in the labor market, but a price maker in the supplement market.

Number of Workers (L)Output of Supplements (Q)Product Price (P)
00$70
145​$60
289​$50
3121​$40
4149​$30
5163​$20
6173​$10
If the equilibrium wage is $2200, what is the profit-maximizing quantity of workers for this firm? How many supplements will the company produce?
◦ 2 workers, 89 supplements
◦ 2 workers, 44 supplements
◦ 3 workers 32 supplements
◦ 3 workers,121 supplements
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jany123 on Nov 23, 2022

sadoniam

  • Full Member
  • ***
  • Posts: 165
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


jany123

  • Member
  • Posts: 171
Reply 2 on: Nov 23, 2022
Gracias!

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

About 3.2 billion people, nearly half the world population, are at risk for malaria. In 2015, there are about 214 million malaria cases and an estimated 438,000 malaria deaths.

Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph Some of the fastest growing religions in America are non-Judeo-Christian religions. This photograph
Latest Periodic Table Latest Periodic Table
How to setup and solve a half-life problem using a table of values (Question 1) How to setup and solve a half-life problem using a table of values (Question 1)
Inferring Productivity from Data on Output and Factor Accumulation Inferring Productivity from Data on Output and Factor Accumulation
A karyotype shows this child has three copies of chromosome 21. A karyotype shows this child has three copies of chromosome 21.
APA Table - SPSS APA Table - SPSS
Video: How antibiotics works? 💊

For a complete list of videos, visit our video library