a. Using the information provided, compute all of the short-
run costs for this firm and complete the table. Remember
to record the marginal costs between the rows indicating
total cost.
b. Assuming that labour is only hired in increments of 10
units, what is this firm’s capacity level of output?
c. At what level of labour employed per day does the firm
encounter diminishing marginal productivity of labour?
rishikesh
(rishikesh)
#1