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

Author Question: Suppose the local newspaper hires students to fold and bag newspapers for delivery and pays them $20 ... (Read 356 times)

geodog55

  • Hero Member
  • *****
  • Posts: 530
on: May 24, 2019
Suppose the local newspaper hires students to fold and bag newspapers for delivery and pays them $20 per shift. Five students can fold and bag 300 newspapers per shift. The fourth student added 50 newspapers to total output. The cost of the capital the firm uses is fixed at $50 per shift.
a.   Is the newspaper operating in the long run or short run? Why?
b.   What is the average product of 5 students?
c.   Calculate the total fixed cost, total variable cost, and total costs of folding and bagging 300 newspapers.
d.   Calculate the average fixed cost, average variable cost, and average total costs of folding and bagging 300 newspapers.
e.   What is the marginal cost of one of the 50 newspapers folded and bagged by the fourth student?
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by geodog55 on May 24, 2019

abctaiwan

  • Sr. Member
  • ****
  • Posts: 355
Reply #1 on: May 24, 2019
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 50% of students answer this correctly


Paolo Nav

  • Newbie
  • *
  • Posts: 21
Reply #2 on: Oct 16, 2022
Arigato


« previous next »
 

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?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

(c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found (c) snow in Nunavut, alter the local albedo, causing altered microclimates. High albedos are found
Students in class Students in class
A Scatterplot of the Test Scores and Average Grades of 10 Students A Scatterplot of the Test Scores and Average Grades of 10 Students
Other countries are “Americanizing” their local culture’s diet Other countries are “Americanizing” their local culture’s diet
The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being The Impact of Cross-Ethnic Friendships on Minority Students’ Well-Being
The gas division of Power-U-Up plans to introduce a new gas delivery system based on the ... The gas division of Power-U-Up plans to introduce a new gas delivery system based on the ...
Video: Double Stranded DNA Molecule Animation

For a complete list of videos, visit our video library