Business, 05.05.2020 17:17, patienxel

Suppose that a firm's only variable input is labor, and the constant hourly wage rate is $20 per hour. The last unit (hour) of labor hired enabled the firm to increase its hourly production from 250 units to 251 units. What was the marginal cost of the 251st unit of output?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 21:10, elijahedgar876

Which statement or statements are implied by equilibrium conditions of the loanable funds market? a firm borrowing in the loanable funds market invests those funds with a higher expected return than any firm that is not borrowing. investment projects which use borrowed funds are guaranteed to be profitable even after paying interest expenses. the quantity of savings is maximized, thus the quantity of investment is maximized. a loan is made at the minimum interest rate of all current borrowing.

Answers: 3

continue

Business, 23.06.2019 06:00, acontrevas1010

If a society decides to produce consumer goods from its available resources, it is answering the economic question

Answers: 1

continue

Business, 23.06.2019 12:50, deedee363

In a "dutch auction" for new stock, individual investors place bids for shares directly. each potential bidder indicates the price he or she is willing to pay and how many shares he or she will purchase at that price. the highest price that permits the company to sell all the shares it wants to sell is determined, and this is the "market clearing price." all bidders who specified this price or higher are allowed to purchase their shares at the market clearing price. true false

Answers: 2

continue

Business, 23.06.2019 14:00, isaicruz2018

Max has set some financial goals and created a budget. what else does max need to have a complete financial plan? a. loan information, insurance plan, and a saving and investing plan b. net worth statement, risk management plan, and investment principals c. net worth statement, insurance plan, and a saving and investing plan d. net worth statement, spreadsheet, and risk management plan

Answers: 1

continue

Do you know the correct answer?

Suppose that a firm's only variable input is labor, and the constant hourly wage rate is $20 per hou...