Answer:
2,100 sec
Step-by-step explanation:
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.
#SPJ1
Answer: Your answer is 3.77
Step-by-step explanation:
Answer:
15
Step-by-step explanation:
If you divide 32 by 2 you will get 16, therefore if you take the number before 16 and the number after 16 and add them together they will still equal 32. 15 + 17 = 32. The smaller number is 15.
Answer:
Its option B -4
Step-by-step explanation:
