Answer: it would be 100 business travlers who will pay 600$ for a ticket
Explanation: well if you do the math 600×100=60,00 and that would pay for the airline expenses and extra the other option wouldnt be enough because it would only add up to 15,000 300×50=15,00 so it would be enough
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
<em>For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5. </em>
Answer:
the maximum level of utility can be achieved by consuming:
1.75 pizzas x 6 beers = 10.5 utils, or
1.5 pizzas x 7 beers = 10.5 utils
Explanation:
Assuming that the utility function is U (P,B) = PB
If Joaquin wants to maximize his utility, he should he spend half his money in pizza and half his money in beer:
U = 1.5 x 5 = 7.5 utils
if the price of beer decreases from $2.50 to $2, it will result in an increase in the consumption of pizza and an increase in the consumption of beer:
If Joaquin consumes 1.75 pizzas and 6 beers, his total utility will be 1.75 x 6 = 10.5 utils
He can also obtain that level of utility by consuming 1.5 pizzas x 7 beers = 10.5 utils
All other consumption levels will result in a lower total utility:
- 2.25 pizzas x 3 beers = 6.75 utils
- 2 pizzas x 5 beers = 10 utils
- 1.25 pizzas x 8 beers = 10 utils
- 1 pizza x 10 beers = 10 utils
- 0.75 pizzas x 11 beers = 8.25 utils
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