Hey! Im looking for some help with a second year economics homework question. Please let me know if it can be answered!
A company has 10 machines, each of which can produce one part per hour. A machine requires one worker to operate it and can run for at most 16 hours per day. Workers can work between 0-12 hours per day. Workers earn $10 per hour for the first 8 hours and $20 per hour thereafter. The firm can have one of two types of generators: A small generator which powers a machine at a cost of 5$ per hour; or a large generator which powers a machine at a cost of $2 per hour but has an additional daily usage cost of $180. In the short run the company cannot hire/fire workers or change its generator. In the medium run it can hire/fire workers. In the long run it can also change its generator.
a) Calculate the short run total cost function and marginal cost function for
i) A company with a small generator and 6 workers; ii) A company with a larger generator and 8 workers
This question was answered on: Sep 13, 2020Buy this answer for only: $15
This attachment is locked
Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
About this QuestionSTATUS
Sep 13, 2020EXPERT
GET INSTANT HELP/h4>
We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.
You can also use these solutions:
- As a reference for in-depth understanding of the subject.
- As a source of ideas / reasoning for your own research (if properly referenced)
- For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
NEW ASSIGNMENT HELP?
Order New Solution. Quick Turnaround
Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.
WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.