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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The answer is 180 square yards, or 20 square feet.
Answer:
Given sequence is not a geometric progression and there will be no common ration for this sequence.
Step-by-step explanation:
Need to determine common ration for the following geometric sequence
32, 8, 2, 12, ...
In given geometric sequence
a1 = 32, a2=8, a3=2, a4=12 ……….
Common ratio = 
Since 
so we can say that given sequence is not a geometric progression and there will no no common ration for this sequence.
Answer:
x = 7.9
Step-by-step explanation:
Given:
Angle - 44
Hypotenuse - 11 ft
adjacent side - x
having adjacent and hypotenuse use Cosine to solve the problem from
S-oh C-ah T-oa
cos (angle) = adjacent / hypotenuse
**Make sure your calculator is in degree mode**
cos 44 = x/11
if you cross multiply, you get
11 cos 44 = x
or to solve for x you would multiply both sides by 11 and get
11 cos 44 = x
x = 7.9
Answer: $112.50 ; $4612.5
Step-by-step explanation:
a) Determine how much interest Christine paid at the end of 1 year.
This will be:
Simple interest = PRT/100
where
P = principal = $4500
R = rate = 2.5%
T = time = 1 year
Interest = (4500 × 2.5 × 1)/100
= 11250/100
= $112.50
b) Determine the total amount Christine will repay the bank at the end of 1 year.
Total amount = Principal + Interest
= $4500 + $112.50
= $4612.5
