The answer will be 8,000.
SA 10.00 points average product crves for labor, the firm's only variable input. The monthly wage...
he following graph shows the marginal and average product curves for labor, the firm's only variable input. The monthly wage for laboris $2,000. Fixed cost is $120,00 pedictofon When the firm uses 100 units of labor, what is marginal cost at this level of output? O $25 O 533 33 $90 O $180 O $2000 References 1-ntre 2 exposure Starter Pack
Q9. A perfectly competitive firm operates in the short-run with labor as its only variable factor. Its production function is: Q = -L3 + 10L2 + 88L where Q is output per week measured in tons and L is the number of workers employed. The weekly wage is $324 and the product sells for $3.24 per ton. (a) At what weekly output is marginal cost equal to average variable cost? (b) What is the minimum product price...
Question 5 1 pts Case 1. Suppose a coffee shop's only variable input is labor. When 20 workers are hired, the average product of labor is 250 (cups/worker), and the marginal product of the 20th worker is 200 (cups/worker). The price of labor is $200 per worker. The cost of all fixed inputs is $1000. Refer to Case 1. When 20 workers are hired, the marginal cost of coffee is $_per cup. O2 O 0.5 O 0.8 01 Question 6...
Labor Quantity Price MPI Wage Per Unit Marginal Rate Product of Labor 0 $100 $50 5 $105 $50 12 $10 7 $50 30 $10 18 $50 43 $10 13 $50 52 $109 $50 60 $108 $50 64 $10 4 $50 OU UN-O TFC TVC TC M C AVC ATC Marginal Total Total Total Total Marginal Average Average Revenue Revenu Fixed Variable Cost Cost Variable Total Cost Cost Cost Cost 2000 200 - - - $100 200 50 250 10 10...
Question 9 1) Summarize the information for TrueBeat from Q9 & 10 of HW1.1 assuming they produce and sell 1,000 drum sets during the year. Remember to use 2 decimals for "per unit" values. Total Dollars True Beat - Summarized connect given data Average Cost per Unit Direct materials 19 Direct labor $ 90 Variable manufacturing overhead $ 35 Fixed manufacturing overhead $ Fixed selling & administrative expense $ Variable selling & administrative expenses 25 Sales price per unit 516...