Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to answer this? A firm produces 8 000 units of output using 3 500 workers. Marginal cost is $75, the wage rate is $160,

How to answer this?

image text in transcribed
A firm produces 8 000 units of output using 3 500 workers. Marginal cost is $75, the wage rate is $160, and total fixed cost is $950,000. Average variable cost is $ X Not answered The correct answer is: 70 Mark 0.00 out of 1.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Austro-corporatism Past, Present, Future

Authors: Gunter Bischof

1st Edition

1000675858, 9781000675856

More Books

Students also viewed these Economics questions

Question

7. One or other combination of 16.

Answered: 1 week ago