Cascade Enterprises enjoys a substantial amount of market power in this market. Cascade has fixed costs of $2,000. Curre
Posted: Wed Jul 06, 2022 6:19 am
Cascade Enterprises enjoys a substantial amount of market powerin this market. Cascade has fixed costs of $2,000. CurrentlyCascade Enterprise employs eight workers to produce 430 units ofoutput and, the last unit of worker contribute 40 units ofoutput. If Cascade Enterprises pay a monthly wage rate of$2,000 and charge $50 per units for its product, what is the amountof profit made?
$3,500
$5,500
$ 60
$1,680
$3,500
$5,500
$ 60
$1,680