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Upon opening a printing and copy shop, a firm budgets a $40,000 for copy machines and labor. If the price of labor is $15 per hr, how many hours of labor can the firm hire if it spends nothing on machinery?

1) 2, 667 hrs
2) 300,000 hrs
3) 3/4 hr
4) 75 hrs
5) 20,000 hrs

is the answer a

2007-08-13 14:24:36 · 2 answers · asked by Anonymous in Social Science Economics

2 answers

40k divide 15

it is 2667 hrs which means the answer is 1

2007-08-13 16:08:44 · answer #1 · answered by Anonymous · 0 0

Yes. 1)

If there is only the price of labor and nothing else, and they spend all their money.

2007-08-13 21:31:07 · answer #2 · answered by JuanB 7 · 0 0

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