This paper concentrates on the primary theme of Your firm hires 60 workers to produce 250 units of output per day. in which you have to explain and evaluate its intricate aspects in detail. In addition to this, this paper has been reviewed and purchased by most of the students hence; it has been rated 4.8 points on the scale of 5 points. Besides, the price of this paper starts from £ 79. For more details and full access to the paper, please refer to the site.
. Your firm hires 60 workers to produce 250 units of output per day. The price of the product produced by your firm is $25 and those hired employees receive $90 per person per day. The cost of other variable inputs is $450 per day. Unfortunately, you can not figure out the firm’s fixed cost, but you know that it is high enough that the firm’s total costs exceed its total revenue. You know that the marginal cost of the last unit is $25. Under above condition, should you continue to operate even if your firm is constantly making a loss. Explain your answer carefully.