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lisabon 2012 [21]
3 years ago
14

suppose the fimrs hires each unit of labor for $700 per week, and each unit of output sells for $9. How many workers will the fi

rm hire to maximize its profit?
Business
1 answer:
rusak2 [61]3 years ago
6 0

Answer:

The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.

In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).

MRP = output units per additional unit of labor x price per unit = U x $9

MC = $700

U x $9 = $700

U = $700 / $9 = 77.78, so we round up to 78 units

In order to maximize profit, each additional unit of labor must generate 78 additional units of output.

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6 0
1 year ago
If an organization is committed to ethical business conduct that commitment should remain constant
Volgvan
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8 0
3 years ago
Taxation of Business Entities, 2016 edition7-65.) Wolverine Corporation made a distribution of $500,000 to Jim Har Inc. in par-t
marusya05 [52]

Answer:

a. Dividend

b. $500,000

Explanation:

a. As in the given case, the character of any income or gain recognized is the dividend of $500,000 which eligible him to avail 100% deduction of the dividend amount

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3 years ago
Which of the following is an example of a basic requirement for a fulfilling career?
jekas [21]
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I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
6 0
3 years ago
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vovikov84 [41]

Answer:

12.64%

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= 10.438% + 2.2%

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7 0
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