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.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91676397

Have any Question?Write your Review or question?

Related Questions in Business Economics

Assuming interest and dividends are paid annually calculate

Assuming interest and dividends are paid annually, calculate the annual holding period return on each security. Round answer to 1 decimal place. Stock 1: beginning of year price 44.00, end of year price 48.25, interest/d ...

The dow jones industrial average has had a mean gain of 432

The dow jones industrial average has had a mean gain of 432 per year with a standard deviation of 72. a random sample of 40 years is selected. What is the probability that the mean gain for the sample was between 200 and ...

A research a research institute conduct the clinical trials

A research a research institute conduct the clinical trials of a method designed to increase the probability of conceiving a boy. Amount 170 to babies born to parents using the method. 146 for boys. Identity identify the ...

Jen and barry perform a survey of consumers about home meal

Jen and Barry perform a survey of consumers about home meal salad preferences ("fresh" or "fast"). 395 consumers said they prefer to make fresh salad. 426 said they prefer to make salad fast (out of a bag). 331 said they ...

What are the implications of outsourcing key public

What are the implications of outsourcing key public responsibilities to global corporations for the Australian state and society?

With smaller companies saving thousands and larger

With smaller companies saving thousands and larger companies saving billions through flexible manufacturing, if you are a discrete parts manufacturer seeking to be more lean, it is important to consider whether this migh ...

The mean distance commuters drove to work each day was

The mean distance commuters drove to work each day was estimated to be 40.8 miles from a sample of 45 commuters. The sample standard deviation was 5.8 miles. Assume that the distance commuters drive to work each day are ...

Once you have the total product curve plotted with the

Once you have the total product curve plotted with the below data, how do you calculate the average product of labor at different units of labor? And the marginal products of labor? 1 unit of labor=2 outputs per week 2 u ...

Suppose that 1 of the employees of a certain company use

Suppose that 1% of the employees of a certain company use illegal drugs. This company performs random drug tests that return positive results 99% of the time if the person is a drug use. However, it also has a 2% false p ...

Regional blocs like the eu are straining the british have

Regional blocs like the EU are straining. The British have voted to Brexit! What has caused the tension and what does the future hold - for Brexit and beyond?

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert