Question
need some help thank you.
Refer to Table 6-B. How much are total fixed costs (in dollars )? Refer to Table 6-B. How much are average fixed costs (in dollars) at 4 units of output? Refer to Figure 6-A. What is the marginal product of the second worker hired each week? Refer to Figure -A. Marginal product begins to diminish: Refer to Figure 6-A. What is the marginal product of the fifth worker hired each week? Refer to Figure 6-A. If the firm's goal is to maximize weekly output, bow many workers should the firm employ each week? Refer to Figure 6-C. The average fixed cost curve is the curve labeled:
Explanation / Answer
81.A 40
82.B 10
83.C 20 bicycles
84.A with the fourth worker hired
85.C -15 bicycles
86.D four workers
87.A