In an effort to reduce their total costs many companies are


In an effort to reduce their total costs, many companies are now replacing paychecks with payroll cards, which are stored-value cards onto which the companies can download employees' wages and salaries electronically. If the only factor of production that a company varies in the short run is the number of hours worked by people on its payroll, would shifting from paychecks to payroll cards reduce the firm's total fixed costs or its total variable costs?

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: In an effort to reduce their total costs many companies are
Reference No:- TGS0583828

Expected delivery within 24 Hours