标题: Schweser Mock Exam 2 AM question [打印本页] 作者: amqata 时间: 2013-4-17 19:33 标题: 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.作者: cchang 时间: 2013-4-17 19:34
This question is weird!作者: onelife1 时间: 2013-4-17 19:34
Calc your revenue ……….. Calc you profit
25*20=500 ………. 5001*350=150
22.5*2*20=900 ………… 9002*350=200
20*3*20=1200 ………… 12003*350=150
17.5*4*20=1400 …………. 14004*350=0
That’s how i did it
