A firm currently uses 100 workers to produce 200 units of, Ask an Expert

Economics

A firm currently uses 100 workers to produce 200 units of output per day. The daily wage (per worker) is $80, and the price of the firm's output is $50. The cost of other variable inputs is $600 per day. The firm’s fixed cost is 8,000. The marginal cost of the last unit is $50.

Given the information, what is the profit or loss?

Should the firm continue to operate? Carefully explain your answer.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91406288

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