Profits Maximizing Assignment | Homework For You
Suppose the marginal expense of hiring one other employee is $150, and the marginal expense of hiring present employees for an additional hour is $10. The added output related to an added employee, holding each capital and common hours per employee fixed, is 120. The added output generated by rising common hours per employee, holding capital and the variety of staff fixed, is 7. If the agency is occupied with maximizing earnings, what ought to it do? Economics homework assist