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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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If only one airline serves a town, the <em>question </em>of whether a monopoly exists is:

  • Yes, a monopoly exists

Based on the given question, we are asked to state whether a monopoly exist in a situation where there is only one airline in a town, and the answer is, yes, that is a monopoly

It is important to note that a monopoly has to do with the domination of one company in a market system whereby there is little to no competition from other companies. In this situation, there is usually higher prices of products because there is a <em>lack of competition</em> for competitive prices.

Read more about monopoly here:

brainly.com/question/13113415

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2 years ago
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Answer:

option 1 and option 2

Explanation:

option 1 and option 2

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2) Accelerating:: because the individual is moving, force is positive, displacement is also in the same direction, so the work is positive.

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7 0
3 years ago
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Answer:

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Enter these in a financial calculator

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Explanation:

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A client reports foot pain and is diagnosed with arterial insufficiency. The nurse provides teaching about what the client can d
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Answer:

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Generally, there are different types of goals and these includes;

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2. Intrapersonal goal: a goal that is personal and fixed. This type of goal is peculiar to an individual and might include an action plan or desire to stop a behavior, start a task, improve on an aspect of your life, etc.

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