Ask a New Question

In the short run a firm needs six units of labor to produce eight units of output and ten units of labor to produce nine units of output. If the price of labor is $2 per unit, what is the marginal cost of the ninth unit of output?

Ask a New Question or answer this question.

Similar Questions

Suppose that the firm decided to consider employing a 12th unit of labor, which it has determined would result in a decrease
1. 1 answer
Suppose that the firm with the costs and revenues shown in the figure to the right is contemplating whether or not to produce 12
1. 1 answer
A profit-maximizing monopolist hires workers in a perfectly competitive labor market. Employing the last worker
1. 1 answer
At what output level should a perfectly competitive firm choose to produce at?(1 point) • The firm should choose to produce
1. 1 answer

more similar questions