A moving company has $20 in fixed costs per day and pays an hourly wage of $10 per worker.The moving company is paid $80 for each room of furniture it moves.The daily production function of the firm is as follows: 
(A)Calculate marginal cost and average total cost for this typical firm.
(B)How many rooms of furniture will this firm move in the short run? What are the profits or losses of the firm?
(C)What will be the long-run adjustment in this industry? What will be the long-run price and output for a typical firm in this industry?
Definitions:
Direct Channel
A distribution method where a company sells its products or services directly to its customers without the use of intermediaries or third parties.
High-School Glee Club
A musical group within a high school that performs a variety of songs, often including dance or theatrical elements.
Informal Channel
Unofficial, non-structured communication pathways used for the distribution of goods or information, often relying on personal connections.
Indirect Channels
These are pathways of distribution wherein goods or services move from the manufacturer to the consumer through intermediary agents or merchants.
Q9: A competitive firm's long-run equilibrium exists where
Q79: In 2010,the debt to GDP ratio was
Q84: Current price and wage behavior is dependent
Q88: Fill in the table below for a
Q92: Early each year,the president of the United
Q107: Less than 20 percent of the U.S.budget
Q110: When an industry is in decline,firms do
Q118: Suppose there is a sharp decline in
Q134: An ad valorem tax<br>A)is proportionate to the
Q143: The inflation rate the central bank tries