if-a-firm-has-a-budget-of-50000-and-the-price-of-labor-is-5000-per-unit-what-is-

Question

If a firm has a budget of $50,000 and the price of labor is $5,000 per unit, what is the maximum number of labor units the firm can afford?

Accepted Answer

10 units

Answer

20 units

Answer

5 units

Answer

15 units

If a firm has a budget of \$50,000 and the price of labor is \$5,000 per unit, what is the maximum number of labor units the firm can afford?