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
Give a critique of indifference curve

GOVERNMENT FINANCE: UNION  AND STATES: The fiscal position of the Governments - both Centre and States - has been under stress since the mid-1980s. The stress stems from the i

What are the factors that determine the volume of production?

Some Cost Considerations for Managers * Three guidelines for estimating the marginal cost(MC): 1) Average variable cost should not be used as substitute for the marginal cost(

1. Explain- a. Tragedy of commons b. Free rider problem c. Diminishing marginal utility d. Diseconomies of scale e. Tax incidence f.  Elasticity g. Gains from

Commodities A) It is well documented that commodity prices are very volatile when compared to other asset classes.  Discuss factors that cause volatility in the commod


The Hypothesis of Inflation-Unemployment Trade-off : This hypothesis about formation of expectations is therefore known as the hypothesis of adaptive expectations. The hypothes

Choosing Inputs  How to minimize cost for the given level of output. We can do so by combining Isocosts with Isoquants                              Producing a

Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele