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pshichka [43]
3 years ago
14

Austin's total fixed cost is $4,200. austin employs 30 workers and pays each worker $160. the average product of labor is 2, and

the marginal product of the last worker hired is 8. what is the marginal cost of the last unit produced by the last worker austin hired?
Business
1 answer:
3241004551 [841]3 years ago
5 0

Answer:

$20

Explanation:

Given that,

Total fixed cost = $4,200

Number of workers employs = 30

Wages = $160 per worker

Average product of labor = 2

Marginal product of last labor hired = 8

Marginal cost refers to the additional cost that has occurred to produce the additional unit of a commodity.

Here, from the given information, we can calculate the marginal cost of the last unit produced by the last worker is as follows:

= Wages per worker ÷ Marginal product of last labor hired

= $160 ÷ 8

= $20

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1-When would high Do you think making employees happier at work is a good way of motivating people? When would high satisfaction
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Answer:

DAYTON, Ohio -- For decades, employees and employers alike have followed the motto that job satisfaction determines job performance. Not so, according to a new study by Wright State University.

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7 0
3 years ago
Dahlia can earn​ $60,000 a year working at a relatively safe​ job, or​ $65,000 a year working at a riskier job. The probability
guajiro [1.7K]

Answer:

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5 0
3 years ago
In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazine
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Answer:

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