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natta225 [31]
3 years ago
7

Item 6Item 6 Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50

and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is the marginal cost
Business
1 answer:
Kipish [7]3 years ago
3 0

Answer:

$1.07

Explanation:

The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:

MC=\frac{80}{75}\\MC=\$1.07

The marginal cost is $1.07.

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conservationists tend to believe that resources should be saved because they are important for a strong economic system.
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Conservationists tend to believe that resources should be saved because they are important for a strong economic system and <u>used by all living things</u>

<h3>Who is a Conservationist?</h3>
  • The conservation movement also referred to as nature conservation, is a political, environmental, and social movement that works to manage and safeguard natural resources, including animal, plant, and fungal species as well as their habitat, for the benefit of present and future generations.
  • Environmental conservationists strive to leave the environment in better shape than when they found it.
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To learn more about Conservationists with the given link

brainly.com/question/28299995

#SPJ4

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1 year ago
What is the answer to this question ?<br> Can someone please help !
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SMART is an acronym that means specific, measurable, achievable, relevant. The answer is D.
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Hope it helps you

Explanation:

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