Answer:
1.80
Step-by-step explanation:
i think
Answer:
1 2/3
Step-by-step explanation:
convert to improper fraction:
13/3 - 8/3
then solve:
13/3 - 8/3 = 5/3
convert back to a mixed number (unless your not supposed to, if that is the case then "5/3" is your answer):
"1 2/3" is "5/3" as a mixed number.
so your answer (as a mixed number) is:
"1 2/3"
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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Because the 0.96 is less than 1, it means that the house loses value over the years.
Convert 0.96 to a percent: 0.96 = 96%
100% - 96% = 4%
The house loses 4% of it's value every year.
3 9
_ * _
15 6
Compare diagonally to see if they the 2 numbers simplify.
Ex:
3 and 6 Simplify to 1 and 2 because they are both multiples of 3.
9 and 15 Simplify to 3 and 5 because they are both multiples of 3 as well.
Now our fractions are
1 3
_ * _
5 2
Now multiply across to get your final fraction/answer
3
_
10
