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Oxana [17]
2 years ago
13

The following chart represents the schedule of workers and wages for an ice cream shop. Considering that this is a perfect compe

titive business, what is the optimum number of workers the company should hire if each worker earns $25 per day and each ice cream cone costs $4?
#workers # ice cream cones MPL
0 0
1 10 10
2 18 8
3 24 6
4 28 4
5 30 2

a. 1 worker
b. 5 workers
c. 2 workers
d. 4 workers
e. 3 workers
Business
1 answer:
Ronch [10]2 years ago
4 0

Answer:

3 workers

Explanation:

At optimal point, wage = Price * Marginal Product of Labour (MPL)

When 3 workers are employed,

Since wage is given = 25

And price = 4

When 3 workers are hired, wage is close to price * MPL because wage = 25 and p*MPL = 24

                                OR

salary paid = $25*3 = $75

Revenue generated = 24*$4= $96

This combination provides the best profit margin which is 96 - 75 = $21.

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Dana writes a check to Becky on Dana’s account at Community Bank. The bank dishonors the check even though Dana has sufficient f
iren [92.7K]

Answer:

Dana

Explanation:

According to my research on different bank responsibilities, I can say that based on the information provided within the question the bank is completely liable to Dana. This is because the bank has a responsibility to Dana since she is the one who signed to open the account, which in term is her. They must now let her know why they dishonored the check and provide a solution.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
2 years ago
Rimary marketing research is more expensive than secondary market research
Pani-rosa [81]
Yes its true primary research is more expensive tha secondary market research
4 0
3 years ago
This is section 3.7 problem 60: a clothing manufacturer has the cost function c(x)=1200+30x+0.5x2 , (in dollars), 0≤ x≤ 250 , wh
viktelen [127]

Answer:

90 suits per week must be produced and sold to achieve the maximum profit of $2,850.

Explanation:

The profit function is given by the revenue function minus the cost function:

P(x) = R(x) - C(x)\\P(x)=120x -1200-30x-0.5x^2

The number of suits, x, for which the derivate of the profit funtion is zero, is the production volume that maximizes profit:

P'(x)=0=120-30-x\\x=90\ suits

The profit generated by producing 90 suits is:

P(90)=120*90 -1200-30*90-0.5*90^2\\P(90) = \$2,850

Therefore, 90 suits per week must be produced and sold to achieve the maximum profit of $2,850.

5 0
3 years ago
At the start of football season, the ticket office gets very busy the day before the first game. Customers arrive at the rate of
ipn [44]

Answer:

(a) 3.2

(b) 10 minutes

(c) 0.8

Explanation:

Mean number of customer in service:

= Arrival rate ÷ service rate

= 24 in 60 min ÷ 30 in 60 min

= 24 ÷ 30

= 0.8

a) Average number of people in line:

= (Mean number of customer in service × arrival rate) ÷ (Service rate - arrival rate)

= 0.8 × (24 ÷ 6 )

= 3.2

b) Average time spend at the ticket office is = 10 minutes

c) Proportion of time server is busy:

= Arrival rate ÷  service rate

= (24 in 60 min ÷  30 in 60 min)

= 24 ÷ 30

= 0.8

7 0
3 years ago
I need some help pls
katrin2010 [14]

Answer:

help with what?

Explanation:

6 0
2 years ago
Read 2 more answers
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