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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
9 years ago

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Steve
Assuming that all the variable cost is labor, that would make wages for

(50-30)/2 = 15 units
9 years ago

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