BUSI 620 help Making Decisions/uophelp.com BUSI 620 help Making Decisions/uophelp.com | Page 23

A firm that has total fixed costs of $40,000 sells its output for $250 per
unit and has an average variable cost of $150. If the firm's cost and
revenue curves are linear, how much output must the firm produce to
break even?
A firm currently produces 2,500 units of output per week. After an
additional worker is hired, output rises to 2,620 units per week. If the
weekly wage paid to a worker is $480, what is the firm's shortrun
marginal cost?
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BUSI 620 Week 5 Discussion Board 5
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2. Why are cartels unstable and why do they often fail?
5. Respond to the charge that immigrants flood the labor market and
drive down wages in the U.S.
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BUSI 620 Week 5 Questions for Critical Thinking 5
(SOLUTIONS)