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the firm currently uses 50,00 workers to produce 200,000 units of output per day. the daily wage per worker is 480, and the price of the firms output...

the firm currently uses 50,00 workers to produce 200,000 units of output per day. the daily wage per worker is 480, and the price of the firms output is 425. The cost of other variables inputs is 400,000 per day. although you do not know the firms fixed cost, you know that it is high enough that the firms fixed total fixed costs exceed its total revenue.assume that the total fixed costs equals 1,000,000.calculate the values for the following formulas:
.total variable cost=(number of wage workers*workers daily wage) = other variable cost
. average variable cost= total variable cost/ units of output per day
.avarage total cost=(total variable cost+ total fixed cost)/units of output per day
.worker productivity= units of output per day/ number of workers
Then assume that the total fixed cost equals $3,000,000, and recalcuate the values of the other four variables listed above.
for both cases, calculate the firms profit or loss.

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