Multiple Choice
Assume that a price taker uses 13 employee-hours and an office to produce 100 units of output.The price of output is $5,the wage rate is $10,and rent is $200.The firm will earn a _____ of _____.
A) profit;$500
B) loss;$200
C) profit;$370
D) loss;$170
E) profit;$170
Correct Answer:
Verified
Related Questions
Q85: Q86: Q87: The marginal cost curve is a price Q88: In order for a price taker to Q89: Suppose that a price taker confronts a Q91: If a price taker spends $200 to Q92: If the price of output for a Q93: As the price increases,price takers find that Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()