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Afirm currently produces 3,500 units of output per week. after an additional worker is hired, output rises to 3,750 units per week. if the weekly wage paid to a worker is $500, what is the firm's short-run marginal cost? a. $500 b. $250 c. $2 d. none of the above is correct.
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Business, 22.06.2019 12:50, trintrin227
Afirm’s production function is represented by q(m, r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false
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Afirm currently produces 3,500 units of output per week. after an additional worker is hired, output...
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