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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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Vlad1618 [11]

Answer:

15%

Explanation:

If Miranda works 40 hours a week at a wage rate of ​$25. and she ​however calculates that on the last hour that she​ works, she pays ​$3.75. then her marginal tax rate is derived as follows

<em>The marginal tax rate is the incremental tax paid on incremental income.</em>

From the scenario, we are given the following:

Weekly wage rate is $25.

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3 years ago
What are the four requirement of valid contract
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Four requirements for a valid contract are an offer, acceptance by the other party of the offer, a mutual agreement or meeting of the minds of the contracting parties and a valid consideration.

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3 years ago
Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is increased with $140,000 of direct mate
DaniilM [7]
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8 0
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The total number of points of work a team can accomplish in each scrum period is called? ________.
sasho [114]
Hey there!

The correct answer to your question is "velocity."

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Velocity is basically the rate of points you can receive in each course of working.

I hope this helps you.

Have a great day! :)
3 0
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Answer and Explanation:

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12 Current asset

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8 0
3 years ago
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