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
Oliga [24]
4 years ago
14

Lee's company of nine workers produces 150 units of a product with a marginal cost of $10 for the last unit. The product sells f

or $12 per unit. If Lee adds one additional worker, the marginal cost would be $13. In this case, Lee should
A) keep the number of workers at nine.

B) increase the number of workers to ten.

C) decrease the number of workers to eight.

D) increase the marginal cost per unit to $12.
Social Studies
2 answers:
lianna [129]4 years ago
8 0

The correct answer is A.

A company that seeks profit maximization in a competitive market needs to fulfill the following condition:

<em>price  = marginal cost </em>

  • The marginal cost refers to the cost endured when producing one extra unit
  • In a competitive market firms are price takers, hence the price equals the average revenue and the marginal revenue as well.
  • When deciding the amount to be produced, firms need to use the equality : marginal revenue = marginal cost, which in a competitive environment is translated into: price = marginal cost

In the present example, the firm could only add an extra worker if the increased marginal cost (13) was not exceeding the price (12). As this increase in fact occurs, it is better that the company stays with nine employees.



serious [3.7K]4 years ago
7 0

Answer:A

Explanation:

The marginal cost refers to the cost endured when producing one extra unit

In a competitive market firms are price takers, hence the price equals the average revenue and the marginal revenue as well.

When deciding the amount to be produced, firms need to use the equality : marginal revenue = marginal cost, which in a competitive environment is translated into: price = marginal cost

In the present example, the firm could only add an extra worker if the increased marginal cost (13) was not exceeding the price (12). As this increase in fact occurs, it is better that the company stays with nine employees.

Read more on Brainly.com - brainly.com/question/11096804#readmore

You might be interested in
Negative externalities that might occur in south african economy due to russian-ukrine war
zheka24 [161]

One of the negative consequences in South Africa due to the war between Russia and Ukraine is the increase in airfares and the increase in some imported goods.

<h3>How does the war between Russia and Ukraine affect other countries?</h3>

The War between Russia and Ukraine is a conflict started in the year 2022 by different political and economic interests. This war has impacted not only the countries involved but also the majority of countries in the world.

This war has caused the cost of fuel to increase greatly due to the increased demand for oil and gas, so producers take advantage of this situation to increase their commercial value.

This causes many of the goods and services that depend on the use of fuels to have increases in their prices, such as air tickets or imports.

Learn more about South Africa in: brainly.com/question/18005052

#SPJ1

4 0
3 years ago
Payne entered into a written agreement to sell a parcel of land to Stevens. At the time the agreement was executed, Payne had co
erastovalidia [21]

Answer: Binding both parties in legal manner

Explanation: The contract is the set of legal agreement which states about the duties of the parties involved in the contract .Payne and Steven  are involved in the agreement because he wants to sell some portion of land and Steven is buying that land piece respectively.

Even though Payne is intoxication at the time of agreement execution and Steven is not believing in this act of Payne ,the agreement is still binding both the people into an agreement as they are involved in the act of selling and buying the land legally.

5 0
3 years ago
Which event spread Islam to India?
allochka39001 [22]
Arab traders were in contact with india so they had to visit india often.naturally they were Muslims so they carried their religion to the shores of india.
5 0
3 years ago
To be classified as a drugged driving fatality, a traffic fatality must test positive for ...
Romashka [77]

Answer: C

Explanation:

The effects of specific drugs on driving skills differ depending on how they act in the brain. For example, marijuana can slow reaction time, impair judgment of time and distance, and decrease coordination. Drivers who have used cocaine or methamphetamine can be aggressive and reckless when driving. Certain kinds of prescription medicines, including benzodiazepines and opioids, can cause drowsiness, dizziness, and impair cognitive functioning (thinking and judgment). All of these effects can lead to vehicle crashes.

Research studies have shown negative effects of marijuana on drivers, including an increase in lane weaving, poor reaction time, and altered attention to the road. Use of alcohol with marijuana makes drivers more impaired, causing even more lane weaving.1–3 Some studies report that opioids can cause drowsiness and impair thinking and judgment.4,5 Other studies have found that being under the influence opioids while driving can double your risk of having a crash.6

It is difficult to determine how specific drugs affect driving because people tend to mix various substances, including alcohol. But we do know that even small amounts of some drugs can have a measurable effect. As a result, some states have zero-tolerance laws for drugged driving. This means a person can face charges for driving under the influence (DUI) if there is any amount of drug in the blood or urine. Many states are waiting to develop laws until research can better define blood levels that indicate impairment, such as those they use with alcohol.

8 0
3 years ago
Read 2 more answers
Aria has been awake for two nights in a row and still feels highly energetic, and euphoric. the previous day, she quit her job o
Tasya [4]
The answer is mania.
I know because it happened to me.. The consequences really suck
3 0
3 years ago
Read 2 more answers
Other questions:
  • Court rulings have established that criminal defendants who are found not guilty by reason of insanity and committed to a mental
    9·1 answer
  • "​language has been defined as a system for communicating thoughts and feelings using ____.'
    8·1 answer
  • Which change led to a transtition from the first industrial revolution to the second revolution
    7·1 answer
  • How old is the religion of Catholicism?
    7·1 answer
  • What native american tribal recruits were used by the u.s. marines as radio operators
    12·1 answer
  • What country is 18*n 95*e in
    8·1 answer
  • ​Which of the following is true of entrepreneurial theory? This line of thought focuses on the importance of leaders who establi
    11·1 answer
  • A potential difficulty with experiments such as test markets is that outside factors, such as the actions of competitors, can di
    9·1 answer
  • What is the name of the manufacturing process first developed by car manufacturers in Japan?
    12·1 answer
  • which of the following is inappropriate/illegal to ask on an employment application? a. whether the applicant is over 18 years o
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!