22-10-2022
Advanced Placement (AP)

Answered

!!!PLEASE HELP ASAP!!!!

Production Worksheet

The firm is in a perfectly competitive market. There are only 2 inputs: Labor (which costs you $150 per worker, labeled L in the graph) and Rent ($300, the fixed cost).

Fixed Cost= Rent = 300
Variable cost= Labor= 150 Price= 6

How many units of labor should the firm use to have an optimal level of production?:

Why? Explain your answer:

Should the firm stay open or shut down in the short run?:

Why? Explain your answer:

PLEASE HELP ASAP Production Worksheet The firm is in a perfectly competitive market There are only 2 inputs Labor which costs you 150 per worker labeled L in th class=

Answer :

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