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mash [69]
3 years ago
6

A firm is a competitive seller of output at amarket price of $3. The only resource itrequires to create its product is labor, wh

ich itpurchases competitively at a wage rate of $6per hour. The last worker it employs increasestotal output from 36 to 40 units per hour.What is the marginal revenue product for thisworker?(A) $3
(B) $6
(C) $12(D) $24
(E) $40
Business
1 answer:
bulgar [2K]3 years ago
4 0

Answer:

B. $6

Explanation:

Marginal revenue for the worker = change in wage ÷ change in quantity output

Change in wage = (40×$6) - (36×$6) = $240 - $216 = $24

Change in quantity output = 40 - 36 = 4

Marginal revenue for the worker = $24 ÷ 4 = $6

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total output.

Explanation:

for example, a company manufactures 10,000 units of A. Its total variable costs are $50,000, and its total fixed costs are $25,000.

The average variable cost = $50,000 / 10,000 = $5 per unit of A

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Answer:

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Quantitative management -

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