The output level is total profit highest in the short run is 40 .
<h3>What is meant by short run ?</h3>
The idea of the short run states that some inputs will be constant while others will change over a specific period of time. It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so.
In the short run, certain production parameters are stable and some are flexible. Only by increasing the application of the variable factor can output be enhanced. The scale of manufacturing stays steady in the short term. The lengthy run is a time when all production factors are erratic.
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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
Answer:
I think it is getting fired and getijng sued
Explanation:
Answer:
It is more likely to be the balance sheet of a property and casualty insurance company.
Explanation:
