subject
Business, 13.08.2019 04:30 varonadestiny1109

Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. when the firm hires 6 workers the firm produces 90 units of output. fixed costs of production are $6 and the variable cost per unit of labor is $10. the marginal product of the seventh unit of labor is 4. given this information, what is the average variable cost of production when the firm hires 7 workers?
a; $12.67
b; $11
c; 81 cents
d; 75 cents

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 13:30
List five words to describe your dominant culture. list five words to describe a culture with which you are not a member, have little or no contact, or have limited knowledge. can someone give me a example on how to answer this?
Answers: 1
question
Business, 21.06.2019 19:30
How does knowing about supply and demand
Answers: 1
question
Business, 22.06.2019 14:30
The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≀ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.
Answers: 2
question
Business, 23.06.2019 00:50
On january 1 of the current year, jimmy's sandwich company reported owner's capital totaling $128,000. during the current year, total revenues were $106,000 while total expenses were $95,500. also, during the current year jimmy withdrew $30,000 from the company. no other changes in equity occurred during the year. if, on december 31 of the current year, total assets are $206,000, the change in owner's capital during the year was:
Answers: 3
You know the right answer?
Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero....
Questions
question
Health, 23.10.2020 15:40
Questions on the website: 13722363