Asked by George
Assume the total cost of production in a particular firm is #50000.00 while the fixed cost is #30000.00. The wages paid to each unit of labour is #2000.00. Calculate the unit of labour employed in this firm please what is the formula
Answers
Answered by
Steve
Assuming that all the variable cost is labor, that would make wages for
(50-30)/2 = 15 units
(50-30)/2 = 15 units
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