Solved: If the firms product sells for a constant 200 per unit what, Business Management

+44 141 628 6080
[email protected]

If the firms product sells for a constant 200 per unit what

The following table shows productivity for different units of labor:

Labor Units Total Product

1 12

2 21

3 27

4 32

5 36

(A) If the firm's product sells for a constant $2.00 per unit, what is the marginal revenue product of the third unit of labor?

(B) If the firm's product sells for a constant $2.00 per unit and the wage rate is $8, how many units of labor will this firm hire?

(C) If the firm can sell 12 units of its product at $1.00 per unit and and 21 units at $0.80 per unit, what is the marginal revenue product of the second unit of labor?

View Complete Question

Solution Preview :

Prepared by a verified Expert

Business Management: If the firms product sells for a constant 200 per unit what

Reference No:- TGS02764333

Now Priced at $15 (50% Discount)

Recommended (91%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Why you feel unpleasantly hot and sweaty

Working in the yard, you feel unpleasantly hot and sweaty when you come in the house, so you take a shower and begin to feel better.

How ensure that the youth understand what study involves

What is another way to say ". It is important to ensure that the youth understand what the study involves, what their participation entails

Problem regarding the america youth and social media

Think about where you were the most and least engaged when reading a classmate's draft. Think about what captured your attention

What is a behavioral indicator related to family

Which of the following is a behavioral indicator related to Family? A) Developing school readiness and transition strategies B) Developing collaborative

Discuss children diagnosed with developmental disabilities

When Min decided to begin his supervised field experience, he applied at a company in his hometown that provided applied behavior analysis

Problem on journal articles and non-journal materials

Amanda said? Excellent post, Chrystal. You provided great insight into the helpful resource ERIC digital library is. I appreciate how it states the information

Discussion about the nature versus nurture

In our readings, we learn more about the nature versus nurture argument. For this discussion, I want you to go in depth a bit more and debate the importance

Solution Preview :

Prepared by a verified Expert

Business Management: If the firms product sells for a constant 200 per unit what

Reference No:- TGS02764333

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : Critical evaluation is done by applying a specific lens or

Q : Discusas the pharmacy health promotion and mental health

Q : Bigbox and cheapstore are the only two firms in a market

Q : Identify and discuss two important leaders or events that

Q : If the firms product sells for a constant 200 per unit what

Q : Do you agree with the ideas presented in the article why or

Q : What is monetary policy as implemented by the federal

Q : If the company has 5 million per day in collections and 3

Q : The y axis measures the percentage of the total income