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Author Question: Suppose the local newspaper hires students to fold and bag newspapers for delivery and pays them $20 ... (Read 450 times)

geodog55

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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
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Marked as best answer by geodog55 on May 24, 2019

abctaiwan

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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.
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Paolo Nav

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Reply #2 on: Oct 16, 2022
Arigato


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