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

Assignment Help:

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?

Related Discussions:- how many wokers should the firm hire(need help now!!plzz)

Supply , assignment

assignment

Consumer and producer surplus, Evaluating the Gains and Losses from the P...

Evaluating the Gains and Losses from the Policies of Government: Consumer and Producer Surplus * Review - Consumer surplus is total benefit or value which consumers rece

Help, A firm is currently operating where the MC of the last unit produced ...

A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?

Different pricing practices, What are the different pricing practices?

What are the different pricing practices?

Describe the income and cross elasticity of demand, Problem: a. With th...

Problem: a. With the help of diagrams, describe how the price and quantity of potatoes will change under the different circumstances: (i) A severe drought affecting its pro

Economics, meaning, scope, nature

meaning, scope, nature

Laws of economic theory, meaning of economics laws

meaning of economics laws

Rational expectations and economic theory , RATIONAL EXPECTATIONS AND ECONO...

RATIONAL EXPECTATIONS AND ECONOMIC THEORY : We assumed above that the role of economic theory is not to provide quantitative predictions about the future. Suppose we assume ins

Pareto optimacy, what are criteria and conditions for pareto optimacy

what are criteria and conditions for pareto optimacy

Market structures, Ask question #Minimum 1 00 words accepted#

Ask question #Minimum 1 00 words accepted#

Write Your Message!

Name

Email id

Message

Verfication Code

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages