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2 years ago

Peter's Pans sells cooking pans for $30 each. The company

1 answer:

6 0

The value of the VMP are 600, 570, 540, 510, 480, 450. The total workers to be hired are 4 workers because MRL > wage.

<h3>How to solve for the VMP</h3>

= MP * selling price

20 * 30 = 600
19 * 30 = 570
18 * 30 = 540
17 * 30 = 510
16 * 30 = 480
15 * 30 = 450

This has been computed in the excel file that I have attached to the question.

2. A competitive firm is going to have to hire when the wage is equal to MRPL or MRPL is greater than the wage

based on this the labor of the firm would be at 4 units.

3. Four workers are going to be hired based on the fact that the marginal revenue of the added labor is more than the wage that was paid for the work done.

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Changes to anything in the higher up corporate areas

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3 years ago

Last year, you estimated you would earn $5 million in sales revenues from developing a new product. So far, you have spent $3 mi

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Answer:

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3 years ago

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Answer:

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3 years ago

Which of the following is the best way to prepare for a financial emergency?

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Explanation:

Should be A as your savings account will accrue interest and the stock market is volatile.

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3 years ago

Read 2 more answers

Freight car loadings over an 18-week period at a busy port are as follows: A- Determine a linear trend line for expected freight

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The linear equation that best fits the given data is
y = 19.19x + 213.53
after data processing

In week 20 and 21, the expected loading is
y = 19.19 (20) + 213.53 = 597.33
y = 19.19 (21) + 213. 53 = 616.52

The week when the load is 776 is
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x = 29.3 ~ 30 weeks

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3 years ago