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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It is a segment that connects two distinct points on a cicrcle.
Answer:
D
Step-by-step explanation:
EVerytime you do exponents its positive
1. Yes he would be able to but the back pack and he would actually have 18 to spare. Explanation- he saves $9 a week so if he saves for 7 weeks then he will have $63 but since he only needed 45 he will have 18 to spare
2. Since they have 65.50 but need to have 180 then u could just subtract 180 from 65.50 so they would 114.5 more dollars
3. Since lee scored 4 FEWER this tells us that micheal has more points so you would just add 4 to micheals total of points which would give you that micheal had 22 points
Answer: a) 15, b) 1.
Step-by-step explanation:
A researcher studying public opinion of proposed social security changes obtains a simple random sample of 35 adult Americans and asks them whether or not they support the proposed changes. To say that the distribution of the sample proportion of adults who respond yes, is approximately normal, how many more Americans does the researcher need to sample in the following cases?
(a) 10% of all adult Americans support the changes
Here, 
And , 
So, consider the equality, to find the value of 'n'.
So, there are 
more adult Americans needed.
(b) 15% of all adult Americans supports the changes
Here, 
So, again we get that
So, there are 
more adult Americans needed.
Hence, a) 15, b) 1.
