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:
I’m pretty sure the answer is $84
Step-by-step explanation:
To find the rate<span> of change, find the total change in price and then divide it by number of years over which it changed. So the answer is </span><span>$0.603</span><span> which is </span><span>$0.20 per pound per year</span><span>.</span>
Answer:
24% chance
Step-by-step explanation:
First, find the total number of graduates in the table, that number is 2610, that will be your numerator.
You will look at the table for the total number of students, that is 10730, that will be the denominator.
Now divide the smaller number/numerator (2610) by the larger number/denominator (10730)
= 0.2432432...
Then, multiply by 100 to get the percentage: 24.32432...%
Now, round to the nearest percentage: 24%
Answer:
Then just plug in the values depending on the bridge you chose I'm pretty sure
also can I get brainliest?
