Please help! The marginal revenue product of the second worker is
1 answer:
Answer:
The marginal revenue product of the second worker is $150.
Explanation:
- This is because when we change from 1 worker to 2 workers, the total product increases by 30 (from 20 when there were 1 worker to 50 when there wew 2 workers).
- The value of this extra product, considering that the price of every T-shirt is $5 (marginal revenue of this product) equals
.
- This is additional value in dollars that the company has because incuding an extra employee when it changes from oneto two employees.
You might be interested in
Answer:
The correct answer is:
(a) -7783
(b) 6800
(c) -983
Explanation:
According to the given values in the question:
(a)
The price variance will be:
=
=
= (Favorable)
(b)
The quantity variance will be:
=
=
=
= (Unfavorable)
(c)
The cost variance will be:
=
=
= (Favorable)