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MSS is currently using 100 workers to produce 6,000 units of output per month (working 20 days / month). Their daily wages (per worker) are $70, and the price of the company’s output is $32. Their cost of other variable inputs is $2,000 per day. They have expressed that the company’s fixed cost are “high enough” so that the total costs exceed its total revenue. The marginal cost of the last unit is $30. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences managerial decisions. Be sure to show the calculations that helped you reach your conclusions.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9438042

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