Table 12.3 Hotspur Incorporated, a manufacturer of microwave ovens, is a price taker in its input and output markets.The firm hires labour at a constant wage rate of $800 per week and sells microwave ovens at a constant price of $80.Table 12.3 shows the relationship between the quantity of labour it hires and the quantity of microwave ovens it produces.
-Refer to Table 12.3.The amount of profit added as a result of hiring a fourth worker is

Question

Table 12.3  Hotspur Incorporated, a manufacturer of microwave ovens, is a price taker in its input and output markets.The firm hires labour at a constant wage rate of $800 per week and sells microwave ovens at a constant price of $80.Table 12.3 shows the relationship between the quantity of labour it hires and the quantity of microwave ovens it produces.
-Refer to Table 12.3.The amount of profit added as a result of hiring a fourth worker is

Quizplus · Accepted Answer

The Answer of Table 12.3  Hotspur Incorporated, a manufacturer of microwave ovens, is a price taker in its input and output markets.The firm hires labour at a constant wage rate of $800 per week and sells microwave ovens at a constant price of $80.Table 12.3 shows the relationship between the quantity of labour it hires and the quantity of microwave ovens it produces.
-Refer to Table 12.3.The amount of profit added as a result of hiring a fourth worker is

Table 123 Hotspur Incorporated, a Manufacturer of Microwave Ovens, Is