Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 08 Nov 2017 My Price 5.00

fish packing industry

The fish packing industry is competitive. Solander Fiji is a company in Fiji that owns a fish shop. They employ labors to sort and pack the fish. The market price of fish is 50 cents a kilogram. The labors can pack the following amounts of fish in an hour: Number of Labors Quantity of Fish (kg per hour) 1 20 2 50 3 90 4 120 5 145 6 165 7 180 8 190 a. Draw to scale Solander Fiji’s demand curve for labour. Label the axes, show the units and draw the demand curve as accurately as possible. b. If the wage rate for packers is $7.50 an hour, how many labors will Solander Fiji employ? Explain your answer.
 
 

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Maurice Tutor
(5)
Status NEW Posted 08 Nov 2017 10:11 PM My Price 5.00

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