7(7a-9)>84
first multiple out to get rid of the parentheses
49a - 63 > 84
add 63 to both sides
49a > 147
Divide by 49 and flip the sign because when you divide a inequality you have to flip the sign
a < 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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Answer:
29 = 6 + k
k = 23
Step-by-step explanation:
The equation for that would be:
29 = 6 + k
and the answer would be:
29 = 6 + k
-6 -6
23 = k
k = 23
Answer:
Ratio = 1 : 4
Step-by-step explanation:
Total marbles = 10
Given 1/5 is red, that is 1/5 of the total marbles are red
Therefore , 10 - 2 = 8 marbles are blue.
Ratio of red marbles to blue marbles
