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- 2013-8-19
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Schweser Mock Exam 2 AM question
Q: The zaxon co produces one product and labor is the only variable resource in the production process. In the short run Zaxon faces a horizontal demand curve at $20/unit. The average product of labor in the short run is given in the following table:
Resource units Avg product of labor
1 25
2 22.5
3 20
4 17.5
If the price of each unit of labor (workerdays) is $350, an only whole units can be employed, how many units of labor will Zaxon employ?
The correct answer is 2, but I’m not sure how to calculate it. |
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发表于 2013-4-17 19:33
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