Do2racesm6evi Do2racesm6evi
  • 24-04-2017
  • Business
contestada

Refer to the given data. if the wage rate is $11, how many workers will manfred hire to maximize profits?

Respuesta :

HomertheGenius
HomertheGenius HomertheGenius
  • 30-04-2017
We have to calculate profits for each number of workers:
1 worker: total revenue : $42; profit: 42 - 11 = $31
2 workers: t. r. ($10 + $14) = $ 24 * 3 = $72; profit: 72 - 22 = $50
3 workers: t. r. $90, profit: 90 - 33 = $57
4 workers: t. r. $105; profit : 105 - 44 = $61
5 workers: t. r. $117; profit: 117 - 55 = $62
6 workers: t. r. $126, profit: 126 - 66 = $60
7 workers: t. r. $132, profit: 132 - 77 = $55
Answer: Manfred will hire 5 workers to maximize the profit.
Answer Link

Otras preguntas

State whether set A and B are equal, equivalent, both, or neither. A = {9, 8, 7} B = {8, 9, 10}
X+2y+6=0Solve for the value of "y"And explain how to graph the result.
Tom took a trip of 1,020 miles . He traveled by train at 55 miles an hour and the same number of hours by plane at 285 mph . How many hours did the trip take?
Is "please have a seat" a complete sentence?
I'm having a hard time with this one solve for y 3y+7=28?
What's protein synthesis?
How to find the slope of a line if it says 2x+Y=15 what do i do??
Nancy sells handcrafted bracelets at a flea market for $6. If her monthly fixed costs are $625 and each bracelet cost her $1.75 to make, how many bracelets must
Should spanish colonial settlers accept the new laws of 1542?
give me three reason that violence is acceptable