Homework Help: Managerial ECON

Posted by Thomas on Saturday, April 5, 2008 at 9:34am.

Suppose that a firm is currently employing 20 workers, the only variable input, at a wage rate of $60. The average product of labor is 30, the last worker added 12 units to total output, and total fixed cost is $3,600.

a. What is marginal cost?

b. What is average variable cost?

c. How much output is been produced?

d. What is average total cost?

e. Is average variable cost increasing, constant, or decreasing? What about average total cost?

f. ABC publishing uses 400 printers and 200 printing presses to produce books. A printer’s wage rate is $20, and the price of a printing press is $5,000. The last printer added 20 books to total output, while the last press added 1,000 books to total output. Is this publisher making a rational decision? Explain

Managerial ECON - economyst, Monday, April 7, 2008 at 10:26am
What is your question??
- Managerial ECON - Anonymous, Wednesday, April 9, 2008 at 12:09pm
  a. What is marginal cost?
  
  b. What is average variable cost?
  
  c. How much output is been produced?
  
  d. What is average total cost?
  
  e. Is average variable cost increasing, constant, or decreasing? What about average total cost?
Managerial ECON - Anonymous, Thursday, May 2, 2013 at 4:07pm
9

Answer this Question

Related Questions

managerial eccon - Suppose that a firm is currently employing 30 workers, the ...
Managerial ECON - Suppose that a firm is currently employing 10 workers, the ...
Managerial Economics - Suppose that a firm is currently employing 10 workers, ...
Economics - Suppose that a firm is currently employing 30 workers, the only ...
Economics - Suppose that a firm is currently employing 30 workers, the only ...
Economics (attempted as suggested by economyst) - Posted by eStone on Sunday, ...
econ question - 2 questions that im stuck on!!! 1. Suppose a firm has a ...
Math/Economics - Suppose that a firm has only one variable input, labor, and ...
Math/Economics - Suppose that a firm has only one variable input, labor, and ...
Labor Econ - Can anyone get me started on this? A country has 2 regions, the ...

For Further Reading

First Name:
School Subject:
Answer: