Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2 a firm pays each worker (.e. each unit of labour

2 A firm pays each worker (.e. each unit of labour L\a wage w=4 and...

60.1K

Verified Solution

Question

Accounting

image
2 A firm pays each worker (.e. each unit of labour L\a wage w=4 and pays to each comotes leshd capital K)a cost of r=3. The firm has a production function Y = K+2 and needs to prodra Y=12. Which the following is correct? Select one answer The firm employs 6 workers and buys no computers. MO- The firm buys 12 computers and hires no workers. The firm buys 6 computers and hires no workers. The firm employs 12 workers and buys no computers. Reset

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students