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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So when you are trying to find the solution to the system of equations make sure that you have it where y= -4/5x-6 and y= -30 are written like this:
-30=-4/5x-6
And then solve for x:
Add 6 on both sides.
-24=-4/5x
Then multiply by the reciprocal of -4/5.
-5/4*-24=-5/4*-4/5x
x=30
But then you are gonna want to plug 30 in for x in y=-4/5x-6 to make sure that it is the same as y=-30.
Answer:
9.48
Step-by-step explanation:
Complete question
<em>A stainless steel patio heater is a square pyramid. The length of one side of the base is 89.6 The slant height of the pyramid 90.1. What is the height of the pyramid?</em>
To get the height of the pyramid, we will use pythagoras theorem.
slant height l is the hypotenuse
length of the base is the adjacent
height of the pyramid is the opposite
According to the theorem;
l² = h² + b²
90.1² = h² + 89.6²
8,118.01 = <em>h²+</em>8,028.16
h²= 8,118.01 - 8,028.16
h² = 89.85
h =√89.85
h = 9.48
Hence the height of the pyramid will be 9.48
<em>Note that the value of the slant height was assumed to solve the problem</em>.
Answer:
6x+21
Step-by-step explanation:
