1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
fiasKO [112]
3 years ago
13

Your enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $12 per hour, and a sandwich sells f

or $6. If your uncle is maximizing his profit, what is the value of the marginal product of the last worker he hired? What is that worker’s marginal product?
Business
1 answer:
laiz [17]3 years ago
8 0

Answer:

Value of Marginal Product= 2

Worker Marginal Product = 12

Explanation:

Calculation for what is the value of the marginal product of the last worker he hired

Using this formula

Wages= MP*P

Let plug in the formula

12 = MP*6

Marginal Product = 12/6

Marginal Product= 2

Therefore the value of the marginal product of the last worker he hired will be 2

Now let calculate the worker marginal Product

Worker Marginal Product = 2*6

Worker Marginal Product = 12

Therefore the Worker Marginal Product will be 12

You might be interested in
Suppose that the reserve requirement is 10% and that the Federal Reserve purchases $5 billion in bonds from a brokerage firm.Ini
Lyrx [107]

jdvduskaoekejrhdusismrjrisksmejejeka,wmehr

6 0
3 years ago
Read 2 more answers
Holt company purchased a computer for $8,000 on january 1, 2016. straight-line depreciation is used, based on a 5-year life and
lora16 [44]
<span>Given data shows that $1000 as salvage value and purchased computer for $8000 Depreciation was: (8,000 - 1,000) / 5 = 1,400 per year. Two year's depreciation = 2,800 Book value after two years = 8,000 - 2,800 = 5,200 After the estimates are revised, there are two more years remaining with a salvage value of 500. (5,200 - 500) / 2 = 2,350 depreciation for 2018</span>
4 0
3 years ago
Does geico provide roadside assistance even if you don't have coverage
iVinArrow [24]
No, Geico offers free towing for customers who have the company’s roadside assistance coverage
8 0
3 years ago
How is the idea of "strategic intent" different from models of strategy that emphasize achieving a fit between the firm’s strate
Irina18 [472]

Answer & Explanation:

In terms of completion of goals, the key difference between strategic aim and SWOT is the time-frame.  

In this case, the strategic goal is future-oriented and long-term (around 10-20 years). The strategic goal is simply to make sure that the whole enterprise, in order to meet potential business demand, works on forecasting consumer demand in the future, reinforcing and enhancing its core competences.

On the other side, in implementing the corporate goals and achieving success, SWOT has a short-term outlook. In this context, SWOT focuses on current data and knowledge, such as specific expertise, current business demand and satisfying this need.

5 0
3 years ago
What does the passage suggest about rocco corresca s economic situation during his early days in america? explain your answer
serg [7]
Rocca corresca was an immigrant that came into america when he was a little boy in 1902

in His writing, he describe that he lived in a very poor economic condition. He was forced to be a beggar only to face that all the money that he earned from begging will be taken away by his old man or the boys on his neighborhood

hope this helps
3 0
3 years ago
Other questions:
  • A new truck model's television advertisements use images of the vehicle navigating over rough terrain. A popular rock song plays
    14·2 answers
  • Suppose there is a policy debate over whether the United States should impose trade restrictions on imported ball bearings:_____
    11·1 answer
  • Common law reflects how society is ever changingm
    9·1 answer
  • You now have enough information about holden evan's corporate structure and how it has worked or fallen short in the past. you d
    7·1 answer
  • taxpayer filed his income tax return after the due date but neglected to file an extension form. The return indicated a tax liab
    10·1 answer
  • The concept or principle that states that companies should recognize revenue when goods or services are transferred to customers
    7·1 answer
  • If the returns on a stock index can be characterized by a normal distribution with mean 12% and standard deviation of 3%, the pr
    11·1 answer
  • Question 1
    15·1 answer
  • Pleas help!! Please!!!
    7·1 answer
  • The adjusted trial balance of Sheri dan Company at December 31, 2022, includes the following accounts: Owner's Capital $16,000,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!