Cascade Enterprises enjoys a substantial amount of market power in this market. Cascade has fixed costs of $2,000. Currently Cascade Enterprise employs eight workers to produce 430 units of output and, the last unit of worker contribute 40 units of output. If Cascade Enterprises pay a monthly wage rate of $2,000 and charge $50 per units for its product, what is the amount of profit made? A. B. C. D. $3,500 $5,500 $ 60 $1,680

Cascade Enterprises enjoys a substantial amount of market power in this market. Cascade has fixed costs of $2,000. Currently Cascade Enterprise employs eight workers to produce 430 units of output and, the last unit of worker contribute 40 units of output. If Cascade Enterprises pay a monthly wage rate of $2,000 and charge $50 per units for its product, what is the amount of profit made? A. B. C. D. $3,500 $5,500 $ 60 $1,680

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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