An assembly line can produce 60 units per hour. The line's hourly cost is $3600 on straight time (the first 8 hours). Workers are guaranteed a minimum of 6 hours. There is 50% premium for overtime and productivity for overtime drops by 5%. What are the average and marginal costs per unit for the following daily quantities? a) 300 b) 400 c) 500 d) 600

An assembly line can produce 60 units per hour. The line's hourly cost is $3600 on straight time (the first 8 hours). Workers are guaranteed a minimum of 6 hours. There is 50% premium for overtime and productivity for overtime drops by 5%. What are the average and marginal costs per unit for the following daily quantities? a) 300 b) 400 c) 500 d) 600

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter6: Proudction Costs

Section: Chapter Questions

Problem 9SQP

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