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
Luden [163]
3 years ago
5

Suppose your roommate. Clara is starting à room cleaning business on your campus. There are five potential workers. Each is will

ing to work for the following daily wage:
Person Daily wage requirement
Alex $110
Diane $130
Cedric $150
Peter $170
Suppose that each person could clean eight rooms in a day and that Clara charges $21 for each room that is cleaned. How marry workers should Clara hire?
Business
1 answer:
Readme [11.4K]3 years ago
5 0

Answer:

3 workers

Explanation:

It is given that Clara is opening a room cleaning business on the campus. For Clara, there are 5 potential workers.

The daily wage of for the worker are :

Alex --- \$ 110

Diane -- \$ 130

Cedric -- \$ 150

Peter -- \$ 170

Zekta -- \$ 190

Each of the worker will clean 8 rooms and $ 21 will be charged for each room to be cleaned.

Therefore, the number of the workers required is :

The marginal revenue product for each worker = 21 x 8 = 168

So, Clara will hire only those workers who have daily wage less than $ 168.

Therefore, Clara will hire 3 workers, namely Alex, Diane and Cedric.

You might be interested in
Which of the following is true of first movers? a. The first mover cannot be able to establish brand loyalty. b. Being a first m
boyakko [2]

Answer:

The first mover that creates a revolutionary product is in a monopoly position.

Explanation:

First Mover is the big initiator of a new product, which gains a competitive 'first mover advantage' for being the pioneer of the idea in the market.

  • The first mover can be able to establish brand loyalty
  • Being a first mover doesn't guarantee instant success
  • The first mover can create switching costs for its customers to deter rivals.

The only apt statement is : The first mover that creates a revolutionary product is in a monopoly position. The first mover enters the market when there is no major supplier & the customer's demand is unmet. If it enables to leverage the potential huge unsatisfied market in a revolutionary way, it can be able to create unparalleled brand loyalty. And this can make it secure monopoly position in market

7 0
3 years ago
Luther Industries has no debt, a total equity capitalization of $20 billion, and a beta of 1.8. Included in Luther's assets are
lakkis [162]

Answer:

2400000000

Explanation:

4 0
3 years ago
Cơ cấu tổ chức của khách sạn intercontinental Đà Nẵng
PtichkaEL [24]

Answer:

owkaowowooaoaoaoaooaoaoaooaoaooaoaoaooa

Explanation:

aooaoaoaoaooaoaoaoaooaoaoao

8 0
2 years ago
Using this table, calculate the marginal cost of each of
alexandr402 [8]

Answer:

See below

Explanation:

Marginal cost is the additional expenses incurred in producing one more unit of output. Marginal cost is the expenses associated with the production of one extra unit.

In this case, there will be marginal costs in producing the first item. There is no extra unit in the first unit. Marginal costs will be zero. The second item's marginal cost will be the difference between the cost of the second and the first item.

First bike

=0

The fourth bike:

=Forth bike - third bike

=$130 -$110

= $20

The sixth bike

=sixth - fifth

=$210 -$160

=$50

The seventh bike

=seventh - sixth

=$270 -$210

=$60

5 0
3 years ago
Which of the following is LEAST likely to be a reason for firms to form a cartel?
GalinKa [24]

Answer:

The correct answer is letter "C": to raise competition among firms in the cartel.

Explanation:

A cartel is a group of companies or countries working together to regulate the price of a single product they produce in common. The cartel makes it impossible for a foreign business to enter the market and demand lower prices. Cartels are, in most cases, not helpful to customers. They generate high prices that remain unchanged until consumers find alternative ways to purchase the same items.

Under such a scenario,<em> cartels are unlikely to be formed to generate more competition among the companies that compose them.</em>

4 0
3 years ago
Other questions:
  • Culture goes deeper than observable behavior. It is a society's shared and socially transmitted ideas, values, and perceptions t
    7·1 answer
  • Suppose a city block was going to be used for a parking lot in both new york city and a small town. the opportunity cost would b
    15·1 answer
  • The _____ refers to the consumer's perception of the product as a bundle of values of utilitarian and symbolic values that satis
    8·1 answer
  • This problem has been solved!
    8·1 answer
  • On January 1, 2021, Laramie Inc. acquired land for $9.6 million. Laramie paid $2.9 in cash and signed a 6% note requiring the co
    5·1 answer
  • Which was not an example of a business ethical dilemma discussed by Albert Carr in his article on business bluffing?
    5·1 answer
  • Solve: 2 2 – 8x +4 = 0
    9·2 answers
  • the nominal rate of return is ___ earned by an investor in a bond that was purchased for $953, has an annual coupon of 4% and wa
    10·1 answer
  • In the market for labor, demand describes
    6·1 answer
  • What are the two steps a producer can take to gain an absolute advantage? produce more goods. use high-quality resources. produc
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!