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 54 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
:D TYSM

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Drugs and their effect table Drugs and their effect table
Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19 Model of a longitudinal study in which 983 students were surveyed in 1984 and then again in 1985, 19
Dolores Huerta and Cesar Chavez, leaders of the United Farm Workers, discuss their 1968 strike of ... Dolores Huerta and Cesar Chavez, leaders of the United Farm Workers, discuss their 1968 strike of ...
AC ripple at the output terminal of the battery is more accurate than testing at the battery due ... AC ripple at the output terminal of the battery is more accurate than testing at the battery due ...
Finish with bilateral stroking to the entire back. Stand at head of the table with fingers pointing ... Finish with bilateral stroking to the entire back. Stand at head of the table with fingers pointing ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price. Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library