1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
natta225 [31]
3 years ago
7

Item 6Item 6 Suppose that the firm's only variable input is labor. When 50 workers are used, the average product of labor is 50

and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is the marginal cost
Business
1 answer:
Kipish [7]3 years ago
3 0

Answer:

$1.07

Explanation:

The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:

MC=\frac{80}{75}\\MC=\$1.07

The marginal cost is $1.07.

You might be interested in
As societies become larger humans devised new cultural systems to ____
Aloiza [94]
<span>Group Cohesion This can be termed as a bond that pulls individuals toward enrollment in a specific gathering and opposes separation from that gathering.</span>
3 0
3 years ago
Aside from advertising, how can monopolistically
kobusy [5.1K]
<span>This type of marketing is known as imperfect competition as many companies are selling similar products, but the products aren’t similar enough to compete with each other in the market. One way that a company in this type of market can get the most for their money is by producing goods that have a marginal revenue that equals the marginal cost. The company also can continue to develop new products in order to keep us with the demands of its customers. In order to increase the demand for their product, the company may improve its quality and design in order to make it more useful for its customers.</span>
6 0
3 years ago
The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
gavmur [86]

Answer:

The answer should be 600

Explanation:

30x20=600

6 0
3 years ago
Beyond-the-Sea Corporation and Homeport Company make a deal for Homeport's products, via e-records. Under the UETA, an e-record
Gelneren [198K]

Answer: d. leaves the sender's control.

Explanation:

Under the Uniform Electronic Transaction Act(UETA), there are three conditions that must be met for an e-record to be considered sent and the relevant one here is that the e-record leaves the control of the sender.

It does this by entering into an information processing system that the sender does not control of.

The other requirements demand that the e-record be properly addressed to a system specified by the recipient and this system must be able to process said e-record.

4 0
3 years ago
The price that a company charged for a basketball hoop is given by the equation where x is the number of hoops that are produced
icang [17]

Answer: 1.3 million

because i know

4 0
3 years ago
Read 2 more answers
Other questions:
  • 2. What is Amazon’s core business? Is AWS related to Amazon’s core business? Why or why not? Some investors are pressuring Jeff
    12·1 answer
  • Which factors can help you to judge the credibility of a website? Check all that apply
    6·2 answers
  • Once you’ve graduated college how should you update your resume
    11·2 answers
  • Frank, a marketing manager, has often noticed that his team members do not communicate with each other and are rarely present fo
    13·1 answer
  • Jesse launched a cheaper variant of her high-performing dishwashing liquid, anticipating similar success. Which strategy has Jes
    12·1 answer
  • With regard to how people use time and their expectations of how it should be managed, members of which type of culture value ef
    15·1 answer
  • The matching principle:
    9·1 answer
  • The distribution of the amount of a customer’s purchase at a convenience store is approximately normal, with mean $15.50 and sta
    9·1 answer
  • Today is date 0. In 10 years, you plan to retire and buy a house in Norman, OK. In terms of a time line, you will retire at the
    8·1 answer
  • A basic idea underlying __________________ is that a manager should be held responsible only for those items that the manager ca
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!