Answer:
The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.
In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).
MRP = output units per additional unit of labor x price per unit = U x $9
MC = $700
U x $9 = $700
U = $700 / $9 = 77.78, so we round up to 78 units
In order to maximize profit, each additional unit of labor must generate 78 additional units of output.
Explanation:
Refers to how well a product or service meets the customer's needs
Answer:
Explanation:
children or teens who see other people having vapes at there age they might want one too.
Answer:
The correct answer is letter "A": employed.
Explanation:
Employment is the state in which an individual works independently or for someone else and obtains compensation for the duties performed regardless of the number of hours or days by week that person works. Employment could be informal (usually when the employee does not have payroll benefits) or formal (when the company that person works for offers employees wage, health benefits and a specific number of working hours per week).
