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Ksenya-84 [330]
3 years ago
7

A firm is currently producing 100 widgets using 4 units of labor and 12 units of capital. The firm's production function exhibit

s constant returns to scale. How many units of labor and capital are needed to produce 350 widgets?
Business
1 answer:
alexgriva [62]3 years ago
3 0
Im sorry I tried to figure it out but I didn’t get it either I just wanted to let you now
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Response is “ why wages for females are lower than for males in a particular labor market” because there the micro-economist would focus on a particular market: the labor market, and tries to understand the wage gap between female and male workers.

The remaining options focus on large scale factors on a “macro” level and thus do not pertain to the study of “micro”economics .

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