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Microeconomics: If a company switches full-time workers to part-time involuntarily, how will that affect the company's...

Microeconomics:

If a company switches full-time workers to part-time involuntarily, how will that affect the company's marginal product of labor? How will it affect their total cost of production and marginal cost of production? How does this relate to Efficient Scale and Profit Maximization? Overall, do you think this would be a good policy for a company?

Also please clarify whether this question has anything to do with diminishing marginal productivity and are wages for part-time workers a fixed cost (short-run) or a variable cost (long-run)?

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Expert Solution

Rahul Sunny answered 2 years ago
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