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Goryan [66]
4 years ago
9

Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when

no workers are hired. In addition, suppose that when the firm hires 4 workers, the firm produces 50 units of output. If the fixed cost of production is $4, the variable cost per unit of labor is $20, and the marginal product of labor for the fifth unit of labor is 2, what is the marginal cost of production when the firm hires 5 workers
Business
1 answer:
andrezito [222]4 years ago
8 0

Answer:

$20

Explanation:

Marginal cost is the extra cost incurred in order to produce and additional unit of a product.

Marginal product is an additional unit obtained from an extra unit of input.

From the question;

Variable cost per unit of labor = Marginal cost of labor = $20

Marginal product of labor = $2

Therefore, the marginal cost of production when the firm hires 5 workers is variable cost per unit of labor which is $20.

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4 0
3 years ago
Scenario: Denise is 24 and living on her own. She has a job cleaning hotel rooms. She makes about $485 a week. Her monthly rent
Vlad1618 [11]

The monthly income of Denise after she decides to go back to school to become an LPN will be $3880.

<h3>What is monthly income?</h3>

The amount of money earned or made by an individual under employment or engaged in business activities is known as the total monthly income of such individual.

Using the given information, it can be said that the salary of Denise will become $970 a week after she becomes an LPN. So, her monthly income will be 970 × 4 = $3880.

Hence, the monthly income of Denise after she becomes an LPN is aforementioned.

Learn more about monthly income here:

brainly.com/question/19378306

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6 0
2 years ago
_______________ involves you imagining yourself achieving your final goal.
otez555 [7]
I’d say Outcome visualization since it involves seeing yourself achieving your goal.
3 0
3 years ago
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Who is the watchdog over spending of funds?
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6 0
3 years ago
Exercise: A lot consists of 20 defective and 80 non-defective items from which two items are chosen without replacement. Events
Inessa05 [86]

The probability that both item is defective are  3.84%

The probability that the second is defective is  20%

<h3> What is the probability that both items are defective?</h3>

a) Remember that the question says they are drawn without replacement

hence

(20/100)*(19/99)

= 19/495

= 0.03838383

= 3.84%

b. What is the probability that the second item is defective?

(20/100)*(19/99) + (80/100)*(20/99)

= 0.03838383 + 0.1616

= 0.199999

= 0.2

= 20 percent

Read more on probability here: brainly.com/question/24756209

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5 0
2 years ago
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