MPL implies the extra output level, that is being produced by hiring an additional unit of labor.
So when the 16th worker is hired, the output level rises by = (340-325)
= 15 units.
In science education, a word problem is a mathematical exercise (including in a textbook, worksheet, or exam) wherein sizeable background statistics on the problem is offered in everyday language as opposed to in mathematical notation. As most phrase issues contain a narrative of a few sorts, they may be every now and then referred to as story issues and might range in the amount of technical language used.
To clear up trouble like this by algebra, one interprets the phrases into a gadget of equations, expressing the usage of mathematical variables and operations. For this problem, it's far more convenient to work out the solution first in minutes, and then convert it to hours.
Learn more about word problems here: brainly.com/question/1781657
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Answer: 0.755
Explanation:
From the information given, the current per share value of the option if it expires in one year will be calculated as follows:
Firstly, we calculate the present value which will be:
= $28 / ( 1 + 0.05 )
= $28/1.05
= $26.667
The number of options needed will be:
= ( 34 - 28 )/ ( 4-0)
= 6/4
= 1.5
Therefore,
27.80 = (1.5 x Co) + [28 / (1+0.05)]
27.80 = 1.5Co + (28/1.05)
27.80 = 1.5Co + 26.667
1.5Co = 28.0 - 26.667
1.5Co = 1.1333
Co = 0.755
Therefore, the answer is 0.755
Answer:
The overview of the given statement is described in the explanation segment below.
Explanation:
<u>Monopoly Market:
</u>
-
The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
- Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).
<u>Perfectly Competitive Market:
</u>
- The price shall be calculated whenever market forces are equivalent.
- The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.
Thus,
⇒ 
Hence,
⇒ 
Answer and Explanation:
Relationship between price and demand:
D = (2400 - p)/(0.100)
p = 2400 - 0.100*D
then:
Total revenue = p*D
= 2400*D - 0.100*D^2
for a maximum revenue:
dR/dD = 0
2400 - 0.100*2D = 0
D = 12000
this is considered a demand
for maximum profit, the initial cost of automobile engines should be less required.
Answer:
Amount of cash at the end of one year is $16,200
Explanation:
Amount invested = $15,000
Rate of return = 8%
Amount at the end of one year = $15,000 + (0.08×$15,000) = $15,000 + $1,200 = $16,200
