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Author Question: The table shows the number of workers (L), the output of supplements (Q) each week, and the price of ... (Read 367 times)

jany123

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on: Nov 23, 2022

The table shows the number of workers (L), the output of supplements (Q) each week, and the price of supplements (P) for different output levels. The supplement supplier is a price taker in the labor market, but a price maker in the supplement market.

Number of Workers (L)Output of Supplements (Q)Product Price (P)
00$70
145​$60
289​$50
3121​$40
4149​$30
5163​$20
6173​$10
If the equilibrium wage is $2200, what is the profit-maximizing quantity of workers for this firm? How many supplements will the company produce?
◦ 2 workers, 89 supplements
◦ 2 workers, 44 supplements
◦ 3 workers 32 supplements
◦ 3 workers,121 supplements
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by jany123 on Nov 23, 2022

sadoniam

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Reply #1 on: Nov 23, 2022
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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jany123

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Reply 2 on: Nov 23, 2022
YES! Correct, THANKS for helping me on my review

Liddy

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Reply 3 on: Yesterday
:D TYSM

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