If the 11th worker hired by a firm increases that firm's output from 80 units to 90 units; and, the firm can sell the units for

Question

alexgriva [62]

3 years ago

9

If the 11th worker hired by a firm increases that firm's output from 80 units to 90 units; and, the firm can sell the units for

$40 each. What is the highest wage that the 11th worker will receive?

Mathematics

1 answer:

Nat2105 [25] · Answer 1 · 2022-03-04T10:51:34+03:00

Title:

<h2>The worker's highest wage is $400.</h2>

Step-by-step explanation:

Due to the joining of the 11th worker, the firm's output increases 10 units.

The price of each unit is $40.

The price of 10 units are $40\times10 = 400$ .

The worker's wage will be highest if he will be paid all the amount which is the resultant of the output's increase, that is (90 - 80) = 10 units.