The following is a table on the level of output by number of employees: 5 2 A number Working 82 79 70 50 25 Productivity Includes The price of the product is 25 NIS and the wage in the economy is 500 NIS. In addition, there are fixed expenses In the amount of 200 NIS In the long run, the firm has only two options - to produce with exactly the same fixed expenses or not to produce at all. The firm will employ 3 employees in the short and long term The firm employs 2 employees in the long run. The firm will not produce at all in the long run The firm will employ one employee in the short termO

The following is a table on the level of output by number of employees: 5 2 A number Working 82 79 70 50 25 Productivity Includes The price of the product is 25 NIS and the wage in the economy is 500 NIS. In addition, there are fixed expenses In the amount of 200 NIS In the long run, the firm has only two options - to produce with exactly the same fixed expenses or not to produce at all. The firm will employ 3 employees in the short and long term The firm employs 2 employees in the long run. The firm will not produce at all in the long run The firm will employ one employee in the short termO

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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