The cookie company in the mall hires only labor to produce cookies. The workers are paid $75 per day, and the cost of renting the space in the mall is $400 per day. The daily fixed costs of production are Choose one: A. $75. B. $475. C. $150. D. $0. E. $400. The labor cost per day of hiring two workers is $. The total cost per day when three workers are hired is $. The marginal product per day of the fourth worker is cookies.

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Ray

12 March, 10:32

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Tatiana Carroll · Answer 1

I believe the initial answer is B. The labor cost per day of hiring two workers is $150. I'm not sure about the last question.