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Other Fields Homework Help Economics Topic started by: stars_and_moon on Jul 19, 2016



Title: A firm develops photographic film. The price they charge is $8 per roll. The firm is a price taker
Post by: stars_and_moon on Jul 19, 2016
A firm develops photographic film.  The price they charge is $8 per roll.  The firm is a price taker.  Each worker can develop 10 rolls of film per hour.  The wage rate is $12 per hour.  The firm is a wage taker.  What is the marginal cost of labor for the firm?
A) $12
B) $4
C) $10
D) $8


Title: Re: A firm develops photographic film. The price they charge is $8 per roll. The firm is a price ...
Post by: kingby on Aug 11, 2016
A


Title: Re: A firm develops photographic film. The price they charge is $8 per roll. The firm is a price taker
Post by: stars_and_moon on Aug 17, 2016
I compared your answer with a buddy, and it matches

Thanks


Title: Re: A firm develops photographic film. The price they charge is $8 per roll. The firm is a price taker
Post by: kingby on Aug 18, 2016
I instantly knew the answer when I read the question, happy to help