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.
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Answer:
-x + 1 > 3, and 4x + 6 < -2
Step-by-step explanation:
The inequality reads x < -2, so the arrow follows any values that are less than -2. So we need to simplify each inequality in the following options to see which match x < -2.
-4x+3> -5 simplifies to x < 2 so it's wrong
-2x + 4 > -4 simplifies to x < 4 so it's wrong
-x + 1 > 3 simplifies to x < -2, so it's right
2x + 5 < -3 simplifies to x < -4, so it's wrong
4x+ 6 < -2 simplifies to x < -2, so it's right
Answer:
(☞ﾟヮﾟ)☞
Step-by-step explanation:
First subtract the x variable on both sides so on the first equation youll have -6y=8x+60 then divide 6 on all variables which means youll have y=8/6x+10 and in the second equation you do the same thing and youll have y=-5/6x-11.5
In general, extraneous solutions arise<span> when we perform non-invertible operations on both sides of an </span>equation<span>. (That is, they sometimes </span>arise, but not always.) ... Solvingequations<span> involving square roots involves squaring both sides of an</span>equation<span>. I hope that this helps you out, Have a wonderful day!!</span>
