how many wokers should the firm hire(need help now!!plzz), Microeconomics

Labor Total Output
1 30
2 50
3 60
4 75
5 80

a) If the price of the firm’s output is $12 per unit and the wage rate is $100 per worker, how many workers should the firm choose to hire?
b) If the price of the firm’s output falls to $8 per unit,how many workers should the firm hire?
c) Below what price would this firm choose to hire zero workers?
Posted Date: 10/12/2012 2:12:15 AM | Location : United States







Related Discussions:- how many wokers should the firm hire(need help now!!plzz), Assignment Help, Ask Question on how many wokers should the firm hire(need help now!!plzz), Get Answer, Expert's Help, how many wokers should the firm hire(need help now!!plzz) Discussions

Write discussion on how many wokers should the firm hire(need help now!!plzz)
Your posts are moderated
Related Questions
Privatisation in the narrow sense can take several forms: a) Total Denationalisation: This implies complete transfer of ownership of apublic enterprise to private hands. Some

what happen when a supply shift to the right on a graph


why constant return to scale is important

The following are AC and TC functions for various firms (i). AC = 140/Q + 20 (ii) AC - a/Q = k (iii) TC - 10 =2Q + 0.1Q 2 (iv) TC - k - βQ = cQ 2 Where a, k, β and

All other things equivalent, the higher the proportion of income spent for the commodity more price elastic will be the demand.   Most home owners are recognizable with how this de

how does the charging the monoply a specific tax per unit affect the monopoly optmum and 5the welfare of consumer

Supply function given by equation QS = 3P - 50. Write an equation proposals if: a) Government introduces subsidies of 5 $ per unit; b) the government introduced subsidies of 15%

1. State of the art machines at the advanced Yamaha musical instrument plant tune the exact sound of high caliber musical instruments (vs a certain touch, and perhaps a degree of v

This is what this paper should be about 1) In the first paragraph analyze what you most learned from the course to reflect on the statement below. 2) In each separat