Average variable cost of labour, Macroeconomics

+44 141 628 6080
[email protected]

Average variable cost of labour

Suppose that a firm's only variable input is labor. when 50 workers are used, the average product of lavor is 50, and the marginal product of the 50th worker is 75. the wage rate is $80, and the total cost of the fixed input is $500. what is average variable cost

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Average variable cost of labour

Reference No:- TGS069609

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Macroeconomics

Q : Confederate dollars per union dollar

We can use the asset approach to both make predictions about how the market will react to current events and understand how important these events are to investors. Consider the behavior of the Union/Confederate exchange rate during events affect

Q : Determining the market equilibrating process

Write a 350- to 500- word paper in which you relate the concepts in this week's readings to a prior real world experience. The experience does not necessarily have to be work experience. Discuss the market equilibrating process in relation to your

Q : Implicit costs of production

Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,000 and the implicit costs of production are $300,000. The firm has an accounting profit of:

Q : Long-run equilibrium and demand

Suppose a perfectly competitive, increasing-cost industry is initially in long-run equilibrium and demand suddenly increases. Explain how the demand change affects price and quantity and who benefits from the increased demand.

Q : Average variable cost of labour

Q : Unusual nature and comic undertone

The idea is to improve the love life of these citizens and enhance their quality of life. Present an economic reasoning why this action, despite is unusual nature and comic undertone, might be beneficial to the society.

Q : Labor supply and demand

Since the September 11th attack there has been an increase in the demand for security personnel-police, air marshals, airport security, etc. How do you think the higher demand has affected the equilibrium wage? In which direction do you think the

Q : Neoclassical economists and the new dissidents

What would the neoclassical economists and the new dissidents have to say about the former Bush Administration's efforts to push forth a Free Trade of the Americas with our South American, Central American and North American neighbors?

Q : Draw demand-marginal reveue and marginal cost curves

Draw the demand, marginal reveue and marginal cost curves for each market. Estimate the profit maximizing prices and quantities graphically and/or determining the solutions algebraically. What are the firms total profits?

1941873

Questions
Asked

3,689

Active Tutors

1437523

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Average variable cost of labour

Reference No:- TGS069609

Have a Question? (oR Write a Review)

Recent Questions Asked Macroeconomics

Q : Confederate dollars per union dollar

Q : Determining the market equilibrating process

Q : Implicit costs of production

Q : Long-run equilibrium and demand

Q : Average variable cost of labour

Q : Unusual nature and comic undertone

Q : Labor supply and demand

Q : Neoclassical economists and the new dissidents

Q : Draw demand-marginal reveue and marginal cost curves

What factors contributed to the division of israel

How does that characters story relate to a personal struggle

How will your work impact creation

Illustrate what corduan says about witnessing to buddhists

Providing care that respects others spiritual and religious

Construct a response to a new religious movement

Explain the meaning of the sacrificial lamb

Request for Solution File

Ask an Expert for Answer!!

Macroeconomics: Average variable cost of labour

Reference No:- TGS069609

Recent Questions Asked Macroeconomics

Q : Confederate dollars per union dollar

Q : Determining the market equilibrating process

Q : Implicit costs of production

Q : Long-run equilibrium and demand

Q : Average variable cost of labour

Q : Unusual nature and comic undertone

Q : Labor supply and demand

Q : Neoclassical economists and the new dissidents

Q : Draw demand-marginal reveue and marginal cost curves

Asked Questions