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Perfectly competitive and rocket components

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Reference no: EM131961928

Acme, Inc., supplies rocket ships to the retail market and hires workers to assemble the components. A rocket ship sells for $30,000, and Acme can buy the components for each rocket ship for $25,000. Willey and Sam are two workers for Acme. Sam can assemble1 / 5 of a rocket ship per month and Wiley can assemble 1/ 10. If the labor market is perfectly competitive and rocket components are Acme's only other cost, how much will Sam and Wiley be paid?

Reference no: EM131961928

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