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Author Question: The output of a bakery is 250 loaves of bread, when 10 workers are employed. If one more worker is ... (Read 114 times)

captainjonesify

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on: Jun 29, 2018
The output of a bakery is 250 loaves of bread, when 10 workers are employed. If one more worker is hired, the total output increases to 275 loaves.
 
  Given that labor is the only variable input that the bakery uses, and the market wage rate is 10, calculate the marginal cost when employment is increased from 10 to 11 workers.

Question 2

Define opportunity cost. A student who has just graduated from college has three job offers: the first job pays him 35,000 a year, the second job pays him 23,000 a year, and the third one pays him 15,000 a year.
 
  What is the student's opportunity cost of taking the first job?
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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micaelaswann

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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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captainjonesify

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Reply #2 on: Jun 29, 2018
Correct answers!


micaelaswann

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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