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 874 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?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Students in class Students in class
Herpes is a local contraindication during active phase. Herpes is a local contraindication during active phase.
How did you give birth? C section vs. Normal Delivery How did you give birth? C section vs. Normal Delivery
Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ... Let f be a real function with domain R. Suppose that for each ǫ > 0, there is a continuous ...
An example of continuous variation: biology students organized according to height. An example of continuous variation: biology students organized according to height.
Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ... Calculus help: Find a cubic function f (x) = ax3 +bx2 +cx+d that has a local maximum value of 3 ...
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library