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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

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3 years ago
Although Scott, an African American, was more qualified than Bernardo, a Hispanic American, Bernardo was hired instead of Scott
goblinko [34]

Answer:

B. Discrimination

Explanation:

Discrimination refers to the act of unfair judgement on a specific group of people based on characteristics such as age, gender, race, religion, country or even sexual orientation. It involves discriminating (treating a person unfairly) against a person because of the characteristics he or she possesses. In this case, Scott was discriminated against because he's an African American and believed by the employer not to be hardworking because of his race.

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3 years ago
Markland First National Bank of Rolla utilizes Kanban techniques in its check processing facility. The fol-lowing information is
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Answer:

the current daily demand of the check processing facility is 8000 units, and a 16 containers is required.

Explanation:

Solution

Given that,

(A) The calculation of delay demand is as follows:

K = (<u>+_</u>) (<u>1 +)</u> C

K = is the number of containers

d = the average delay demand

w = the waiting time per average per unit

p = the average processing time per unit

C = Container quantity

α = safe guard policy variable

Now,

The average processing  time = 2/24 * 60 =0.0167

The average waiting time is = 2/24 =0.083

The required number of container  = 20 = (0.083 + 0.0167 ) (1 + 0.25) /50

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Thus,

1000 / 0.125 = 8000

Now,

The average daily demand is 8000

The next step is to find out how many containers would be needed.

Now,

If there is no waste, it is = 0

The required  number of containers will be =

K = 8000 ( 0.083 + 0.0167) ( 1 + 0 )/ 50

= 8000/5= 16 Containers

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3 years ago
The bank that is ordered to pay the money of a check is the
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2 years ago
If workers are more educated, then short-run aggregate supply ___________.
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Answer:

O will increase and output and price level will increase as well.

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If workers are more educated, the productivity of the country will increase, increasing total output. As investment in training increases, so thus the workers' capacity to perform more efficiently. Also, when the demand for better (or more) trained workers increases, the salary level will also increase. As workers gain training and/or experience, their salaries increase, e.g. on average, a person with a college degree earns much more than someone with just a high school degree. This increase in the level of salaries will lead to an increase in the general price level.

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3 years ago
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