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Here is a schedule showing the amount of output of com firm X can produce using one fixed acre of land and different numbers of
Here is a schedule showing the amount of output of com firm X can produce using one fixed acre of land and different numbers of workers This firn call sell all the corm they want at a price of $10 per bushel. The land costs them $100 Use this information to answer (1115x Marginal product #ofworkers ofeach worker 50 100 60 20 10 (11) How much is TOTAL PRODUCT wiath 4 woekers (12) If the wage- S40, how many workers should this firm hire to maximiac profits? (13) If this firm hires the number of workers you answered (14) How much is TOTAL FIXED cost for this firm in the SHORT RUN (15) How much is it in the long run? (t5) Why does worker 2 have a LARGER marginal product than worker 1 even though they have the same levei of skill ? for question (11 ), how much profits would they make
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