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Author Question: Refer to Table 17-1. Suppose the output price is 3. If the wage rate is 90, what is the ... (Read 41 times)

anshika

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on: Jun 29, 2018
Refer to Table 17-1. Suppose the output price is 3. If the wage rate is 90, what is the profit-maximizing quantity of labor that the firm should hire?
 
  A) 7 units B) 5 units C) 4 units D) 3 units

Question 2

If the total cost of producing 20 units of output is 1,000 and the average variable cost is 35, what is the firm's average fixed cost at that level of output?
 
  A) 65
  B) 50
  C) 15
  D) It is impossible to determine without additional information.
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peter

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Reply #1 on: Jun 29, 2018
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.
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anshika

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Joy Chen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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