Question and answer
According to economist Colin Camerer of the California Institute of Technology, many New York taxi drivers decide when to finish work by setting an income goal for themselves. If this is true, then
on busy days when the effective hourly wage is higher, taxi drivers will A. work the same number of hours as they will on slower days B. work fewer hours than they will on slower days C. work more hours than they will on slower days D. not work any hours
D. average variable cost must riise
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Original conversation
User: Other things being equal, when average productivity falls, A. average fixed cost must rise B. marginal cost must rise C. average total cost must rise D. average variable cost must rise

User: According to economist Colin Camerer of the California Institute of Technology, many New York taxi drivers decide when to finish work by setting an income goal for themselves. If this is true, then on busy days when the effective hourly wage is higher, taxi drivers will A. work the same number of hours as they will on slower days B. work fewer hours than they will on slower days C. work more hours than they will on slower days D. not work any hours

Weegy: D. average variable cost must riise
Expert answered|KaylonSolo|Points 10|

User: According to economist Colin Camerer of the California Institute of Technology, many New York taxi drivers decide when to finish work by setting an income goal for themselves. If this is true, then on busy days when the effective hourly wage is higher, taxi drivers will A. work the same number of hours as they will on slower days B. work fewer hours than they will on slower days C. work more hours than they will on slower days D. not work any hours

Weegy: B. work fewer hours than they will on slower days
Expert answered|KaylonSolo|Points 10|

User: A firm's demand for labor is derived from the A. opportunity costs associated with labor and leisure B. desires and needs of the entrepreneur C. cost of labor inputs D. demand for its output

Weegy: A. opportunity costs associated with labor and leisure
Expert answered|KaylonSolo|Points 10|

User: Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver, he can schedule breaks and lunch hours so all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. This will cost an additional $75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day

Weegy: The marginal cost per delivery of increasing output beyond 60 deliveries per day
Expert answered|KaylonSolo|Points 10|

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Asked 5/13/2012 4:29:22 PM
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Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries, but he is considering hiring a fourth driver. If he hires a fourth driver, he can schedule breaks and lunch hours so all three vans are in constant use, allowing him to increase deliveries per day from 60 to 75. This will cost an additional $75 per day to hire the fourth driver. The marginal cost per delivery of increasing output beyond 60 deliveries per day A. is $0 ...
Weegy: The marginal cost per delivery of increasing output beyond 60 deliveries per day is $5. User: Expected economic profit per unit is equal to A. expected price B. expected average total cost C. the difference between expected average price and expected average total cost D. the difference between expected total revenue and expected total cost Weegy: Expected economic profit per unit is equal to C. the difference between expected average price and expected average total cost User: If a firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually B. other firms would find out about it immediately C. other firms would not find out about it D. some firms would find out about it, but others would not (More)
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Asked 5/13/2012 4:47:00 PM
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