Total amount of monthly payments $7722.00
total financial charge $444.44
finance amount $35.37
Answer:
(-3)^1+0
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:
26.25 min
Step-by-step explanation:
Since, it is not given how many coins did Erica buy at the coin show, so, we can suppose that Erica bought "n" coins from the coin show.
Now, we know that Erica already had 6 coins in her coin collection before she went to the coin show and bought the "n" coins.
Therefore, the total number of coins that Erica will have in her possession after buying "n" coins from the coin show will be 6+n.