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Eddi Din [679]
3 years ago
8

A firm currently employs four workers in a sandwich shop, and produces sandwiches at a total cost per sandwich (ATC) of $3. The

sandwiches sell for $5. If the marginal cost of hiring another worker to produce sandwiches is $5.50 per sandwich, then:
A. it will cost $5.50 to make another sandwich, which can only be sold for $5.
B. the firm will lose $0.50 per sandwich if it hires another worker.
C. the firm should not hire a fifth worker.
Business
1 answer:
tatuchka [14]3 years ago
5 0

Answer:

all are correct A, B and C

Explanation:

The marginal cost hiring another worker and producing a sandwich = $5.50 per sandwich, which is higher than the marginal revenue.

If the selling price per sandwich is $5 and the marginal cost per sandwich is $5.50, the firm will lose $0.50 for every sandwich that it sells.

Therefore the firm would be losing money is they hire an extra worker.

In order to maximize the profit, the marginal cost = selling price.

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mrs_skeptik [129]
<span>Free trade refers to a situation where the government doesn't restrict what goods and services it's citizens can purchase or sell to another country. taxes are not imposed on goods that are produced and sold within a country goods and services are offered for free to the citizens by a government a government does not try to influence what its citizens can buy from global markets firms that function in a country are not taxed on the profits that they generate</span>
3 0
3 years ago
g An investor wants to be able to buy 4% more goods and services in the future in order to induce her to invest today. During th
Hitman42 [59]

Answer: a. I, II and III are true

Explanation:

From the question, the statements that are true are:

I. 4% is the desired real rate of interest. II. 6% is the approximate nominal rate of interest required.

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7 0
3 years ago
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iren2701 [21]

Answer:

A) primary research

Explanation:

Primary research is defined as a methodology used by researchers to collect data directly, rather than depending on data collected from previously done research. Technically, they “own” the data.

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7 0
4 years ago
An increase in government spending of $300 billion and a tax cut of $300 billion will have _____ effects on the budget balance a
worty [1.4K]
An increase in government spending of $300 billion and a tax cut of $300 billion will have equal effects on the budget balance and unequal effects on real Gross Domestic Product (GDP). Expansionary will be the effect of a government deficit.

 

 





4 0
3 years ago
Which of the following should be identified as pure goods? a. Abe has contracted a recycling company that collects his materials
mr_godi [17]

Answer:

b. Somaya just launched an online shoe company

d. A publishing company sells health-based curricula.

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Pure goods are goods that are not associated with any services.

Pure services are services not associated with any physical goods.

I hope my answer helps you.

3 0
3 years ago
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