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:
15 units
Step-by-step explanation:
<u><em>The picture of the question in the attached figure</em></u>
we know that
In the right triangle ABC
Applying the Pythagorean Theorem

we have

substitute the given values

solve for BC

Answer:

149 engines in 9th year
Step-by-step explanation:
I think your question is missed of key information, allow me to add in and hope it will fit the original one.
Please have a look at the attached photo.
My answer:
From a look at the photo and the data plot can be represented by the function, so we can pick 2 points in our given graph
- (x1, y1) = (2,60)
- (x2, y2) = (5,99)
The standard form of a linear equation is:
y = mx + b where:
- m is the slope
- b is the y-intercept
We know the slope of the function can be found as following:
so in this situation we have:
<=> 
=> y = 13x + b (1)
Because the line goes through point (2,60) so we substitute it into (1):
60 = 13*2 + b
<=> b = 60 - 26 = 34
=> y = 13x + 34
Now we will substitute x=9 to find the engines produced by company in 9th year as:

Hence, the company will produce 149 engines in 9th year
Answer:
<h2><em><u>
0.6 = 6/10 = 3/5 is the answer.</u></em></h2>
Step-by-step explanation:
0.6 = 6/10 = 3/5
is the answer
This is because you have to substitute.
Given:
x = 3
y = -1
Unknown:
Final Answer
(x*y^2)/5
((3)(-1*-1)/5
= (3*1)/5
<h2><em><u>
= 3/5</u></em></h2><h2><em><u>
= 6/10</u></em></h2><h2><em><u>
= 0.6</u></em></h2><h2><em><u>
</u></em></h2>
Hope this helped,
Kavitha