N false false false en-us x-none x-none , Ask an Expert

Economics

A firm produces 4,000 units of output using 500 workers. Marginal cost is $10, the wage rate is $160, and total fixed cost is $100,000.

a. What is the marginal product of labor?

b. When output is 4,000 units what happens to the average variable cost and the average total cost?

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91231881

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question - let demand be given by qd 8 - 2p let supply be

Question - Let demand be given by QD = 8 - 2P; let supply be given by QS = 2P. A tax of $2 per unit is imposed on consumer, what is the new equilibrium price [the price paid by the consumer]?

Question - suppose there is a relationship between park

Question - Suppose there is a relationship between park land and timber extraction of the following sort: Park Land (00 acres) 20, 18, 14, 8, 0 Timber ($) (000) 0, 1, 2, 3, 4 Draw the PPC between park land and timber ext ...

Quesiton we went to the countertop shop on saturday it has

Quesiton: We went to the Countertop Shop on Saturday. It has a nice storefront along Airport Highway and a nice showroom, too. Better than you would think looking at its current web presence. Some helpful info we got fro ...

Question state a requires a unitization contract before oil

Question: State A requires a unitization contract before oil production begins from a field, while State B requires a contract only after production has begun. Do you expect that State A or State B will have a larger fra ...

Question suppose you are the manager of a chain of computer

Question: Suppose you are the manager of a chain of computer stores. For obvious reasons you have been closely following developments in the computer industry, you have just learned that the government has passed a two-p ...

Question most supermarkets today are staffed by employees

Question: Most supermarkets today are staffed by employees of a chain like Kroger. Piggly Wiggly and IGA, however, operate under franchise agreements with independent owners. Why are franchised supermarkets rare relative ...

Question using the data set macro find the least squares

Question: Using the data set macro, find the least squares estimate of the following two models: Model A: Inves = ßˆ0 +ßˆ1Interest and Model T: Inves = ßˆ0 +ßˆ1Interest +ßˆ3GNP a) What does "least squares estimates" mean ...

Question explain why if there is no formal or informal

Question: Explain why if there is no formal or informal collusion in an oligopoly market firms are more likely to match a price cut by an individual firm than they are to match a price increase? If firms in an oligopoly ...

Question project a requires less initial investment than

Question: Project A requires less initial investment than project B and both A and B have an IRR greater than MARR. If project A and B are mutually exclusive and the incremental IRR between A and B is more than the MARR, ...

Question the us economy did not have any increase in the

Question: The US economy did not have any increase in the core rate of inflation in 1999-2000 with the economy at full employment; instead, it had a stock market bubble. Many people subsequently held Alan Greenspan and t ...

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 Microeconomics Expert