The number of bows that Penny makes per hour and the price the firm sells at shows that the value of the marginal product is $24.95 per hour.
The highest wage the firm will pay is $24.95 per hour.
<h3>What is the value of Penny's marginal product?</h3>
This can be found by the formula:
= Price x Marginal product of Penny
= 4.99 x 5
= $24.95 per hour
The highest wage the firm can pay would be the wage amount that equals their marginal revenue as this is the only way they can maximize profit.
Their marginal revenue in this case is the $24.95 per hour that they pay to Penny so this will be their highest wage to her as well.
Find out more on profit maximization at brainly.com/question/13749309.
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Answer:
First choice
Step-by-step explanation:
The discontinuity is removable if by reducing the fraction that discontinuity doesn't continue to exist as a discontinuity.
Example of, (x-1)/(x-1) has a a discontinuity at x=1 and it's removable because the fraction reduces to 1 which doesn't have a discontinuity at x=1.
Example not of, (x-1)/(x-2) has a discontinuity at x=2 and it is not removable because we can't get rid of the x-2 factor in the denominator.
The first choice has a discontinuity at x=-1 and it is removable because x^2-x-2=(x-2)(x+1) and the x+1's will cancel on top and bottom making the point at x=-1 a removable discontinuity.
Answer:
C
Step-by-step explanation:
The answer would be -4.5/5. You would have to plot the number in between -2 and - 1 4/5. Hope this helps!
