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.
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Answer:
30% of 90
30% x 90
30/100 =3/10
3/10 x 90 = 270/10
270 = 27
90 - 27 = 63
Keisha has to read 63 more minutes to reach her goal.
Step-by-step explanation:
Substitute the y in the 1st equation with the 2nd equation.
7x + 10(2x + 9) = 36
7x + 20x + 90 = 36
27x + 90 = 36
3x + 10 = 4
3x = -6
x = -2
So now we can find y.
y = 2x + 9 = 2(-2) + 9 = (-4) + 9 = 5.
So x = -2, y = 5.
Answer:
$5.61
Step-by-step explanation:
Since David only has $9.39 but he needs $15.00 for his purchase. So, you would subtract the $9.39 from the $15.00 to see how much more money David needs to make this purchase.
15.00 - 9.39
When you carry out this problem, it equals $5.61.
Therefore, David needs $5.61 to be able to complete his purchase
