Suppose that a firms only variable input is labor the firm
Suppose that a firm's only variable input is labor. The firm increases the number of employees from four to five, thereby causing weekly output to rise by two units and total costs to increase from $3,000 per week to $3,300 per week.
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a watch manufacturer finds that at 1000 units of output its marginal costs are below average total costs if it produces
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suppose that a firms only variable input is labor the firm increases the number of employees from four to five thereby
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