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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Answer:
c
because it is
Step-by-step explanation:
So your equation is

. You need to simplify this answer.
So first off, do 2x times 2x.
2 x 2 = 4.
Your equation is now

You're already off to a great start, so now let's add 4x + 7x. It is 11x.
Your equation is almost done! It's

right now.
Divide both sides by 11, and your answer is...
0.36363636 and so on, or you can round to the nearest hundreth, in which it will be
0.36.
I hope I helped!
Hello there.
What is the reference angle in radians for 1380°?
Answer: 60
Answer:
20 points
Step-by-step explanation:
key words: difference
Take the amount of points she has and subtract what she has
25-5