Question

3. The following table provides the information of FunFriedChicken (FFC), perfectly competitive firm in the fried chicken market which produces buckets of fried chicken in a day.
No. of Labours No. of Buckets
1 80
2 150
3 200
4 240
5 250
6 230
7 200
a) FFC pays its workers Tk. 5000 and has a fixed cost of Tk. 50000. The buckets are sold for Tk. 450 each. Find the number of buckets FFC should produce and explain why they should produce that amount.

Answer 1

Answer:

Just for clarification how does the efficiency going down with increased work force. Kindly send either the image or reconsider typing the question correctly.