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Artyom0805 [142]
2 years ago
10

Joe Fixit has an appliance-repair business. He has more business than he can handle and wants to hire another repair person. Joe

estimates that three appliances can be repaired each hour by a qualified person. Joe bills out labor at $45 per hour, but he stipulates that the minimum charge for appliance-repair estimates is $30 plus parts. What is the marginal revenue product of a qualified repair person
Business
1 answer:
Pavlova-9 [17]2 years ago
3 0

Answer:

The marignal revenue that another worker would bring to Joe under these circumstances is $90.

If joe hires a new worker, the worker can repair 3 appliances per hour, and the mininum charge for appliance-repair is $30 plus parts. The marignal revenue is:

$30 x 3 appliances = $90

Because wages are equal to the marginal product of labor, the maximum amount that Joe would pay to a new person is $90.

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What commodities are grown for a purpose other than food?
SCORPION-xisa [38]
Hello there!

These are called Industrial Crops and an example is Cotton.

Hope This Helps You!
Good Luck :) 
4 0
3 years ago
Hugh buys a new calculator for $125 from the PaperMills stationery store. A week later, he sees an ad from another stationery st
tamaranim1 [39]

Answer:

Hugh's statement is an attempt to reduce his frustration about buying the product at a more expensive price.

Explanation:

Human beings always try to find a reason to justify their actions, even if that particular action was a bad one.

Hugh bought a calculator for $125 from one store and the next week, he saw the same calculator being advertised for a significantly lower amount. He felt cheated and he immediately blamed himself for being cheated when there was a better deal out there. As a way to make himself feel better about the ordeal, he tells himself that the product quality from the second store is always known to be of an inferior quality.

This is a defence mechanism to cover or try to hide our frustrations and anger at things not going our way so we invent something that will make us immediately feel better about ourselves and our decision.

8 0
2 years ago
The tennis club where you play tennis charges $50.00 per month and $10.00 per hour of court time. If your current month's bill i
leonid [27]

Answer:

5 hours

Explanation:

Data provided in the question

Per month tennis charges = $50

Court time per hour = $10

Current month bill = $100

By considering the above information we can find out the variable expense that is shown below:

= Current month bill - per month tennis charges

= $100 - $50

= $50

So, the number of court time hours usage is

= $50 ÷ $10

= 5 hours

7 0
3 years ago
A deposit of $1000 at 4% interest compounded continuously will grow to v(t) = 1000 e^0.04 dollars after t year. Find the average
elixir [45]

Answer: 20,816.215

Explanation:

Given that:

A deposit of $1000 at 4% interest compounding is defined by the growth function:

v(t) = 1000e^0.04t

Where t = number of years.

Find the average value during the first 40 years (that is, from time 0 to time 40.)

(That is t = 0,...,40)

For ease, we can use a python list comprehension to get our values.

v = [1000*2.7182818**0.04*t for t in range(41)]

V gives a list of the value of the deposit from year 0 till 40 years after the deposit.

Average = sum of compounding deposits / number of years

Sum of compounding deposits = sum(v) = $853464.8344

Number of years = len(v) = 41

Hence, average = $853464.8344 / 41

Average = $20,816.215

6 0
2 years ago
Name some cool crome book games
Lunna [17]
Is that really a question... I hope not.
7 0
3 years ago
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