How much output is being produced

Assignment Help Business Economics

Reference no: EM1360966

Suppose that a firm is currently employing 10 workers, the only variable input, at a wage rate of $100. The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000

a. What is marginal cost?

b. What is average variable cost?

c. How much output is being produced?

d. What is the average total cost?

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

Reference no: EM1360966

Questions Cloud

Relationship between inventory turnover and purchasing needs : Discuss and explain to me the relationship between inventory turnover and purchasing needs and determine the advantage and disadvantage of level production schedules in firms with cyclical sales?

With what velocity does the wrench strike the ground : With what velocity does the wrench strike the ground. What is magnitude and direction of the boat's acceleration? Enter a positive answer for a direction due west, or a negative answer for a direction due east.

Compensable factors : which one do you think more adequately reinforce the organization's culture, values, business direction, and nature of the work?

Social stress and social networks affecting health : How can I prove or disprove the idea that social stress and social networks affect an individual's health?

How much output is being produced : The average physical product of labor is 25, the last worker added 10 units to total output, and total fixed cost is $5,000. How much output is being produced

Draw comparisons with software architecture : Draw comparisons with software architecture. How are the disciplines of classical architecture and the software architecture similar? How do they differ?

Non-profit organizations - board recruitment : Non-Profit Organizations: Board Recruitment - Expalin challenges to board recruitment, and reasons why they would be challenges and how they can be addressed.

Explain review your diagram to estimate probabilities : Explain review your diagram to estimate probabilities and impacts of each threat to getting your degree and Based on this analysis

User Account

All Pages