65 696
Assignments Done
99,2%
Successfully Done
In October 2018

Answer to Question #70397 in Macroeconomics for priyanka

Question #70397
acme can get $5 for each widget it produces. how many workers it will hire if the nominal wage is $38?
Expert's answer
W=$38.
Acme can hire 1 worker, since MRPN ($40) is greater than W ($38) at N = 1. It is not recommended to hire 2 workers, since MRPN ($35) < W ($38) at N = 2.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions