The number of bows that Penny makes per hour and the price the firm sells at shows that the value of the marginal product is $24.95 per hour.
The highest wage the firm will pay is $24.95 per hour.
<h3>What is the value of Penny's marginal product?</h3>
This can be found by the formula:
= Price x Marginal product of Penny
= 4.99 x 5
= $24.95 per hour
The highest wage the firm can pay would be the wage amount that equals their marginal revenue as this is the only way they can maximize profit.
Their marginal revenue in this case is the $24.95 per hour that they pay to Penny so this will be their highest wage to her as well.
Find out more on profit maximization at brainly.com/question/13749309.
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First, set the coordinate points on a graph, and joint them to form a graph
By looking at the graph we can see that:
width : 3
length: 6
Area of a rectangle : Length x width : 6 x 3 = 18
Considering the graph of the cube root parent function, it is found that the correct statement is given by:
D. It is always increasing.
<h3>When a function is increasing?</h3>
A function is increasing when the vertical axis of the graph gets higher as we move the horizontal axis from left to right.
In this problem, the above statement is true for the entire function, hence option D is correct.
More can be learned about functions at brainly.com/question/25537936
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Answer:
( 11 -6)
( -5 6 )
Step-by-step explanation:
Multiply the first row of N by first column of M. This will give the first element in top row of the answer :-
-3*-2 + 1*5 = 11
Then multiply the first row in N by the second column of M to give the second element of the top row.
-3*0 + 1*-6 = -6
Then do a similar process with the second row in N.
