Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Mar 26, 2024

Quantity of some good produced when 3 workers are hired is 60 and increases to 65 when the 4th worker is hired. If all workers

Quantity of some good produced when 3 workers are hired is 60 and increases to 65 when the 4th worker is hired. If all workers get paid $200 per day and if labour is the only variable factor, what is the marginal cost of the 65th unit?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To find the marginal cost of the 65th unit we need to calculate the total cost of producing the firs... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing And Export Management

Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr

8th Edition

1292016922, 978-1292016924

More Books

Students also viewed these Economics questions

Question

★★★★★

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★

The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...

Answered: 1 week ago

Question

★★★★★

What operational changes would you recommend to Wally to improve performance? Wally Meyer deftly balanced his office keys and a large printout of forecasting data as he wheeled his mountain bike...

Answered: 1 week ago

Question

★★★★★

Find each product. -3a+(4 + a)

Answered: 1 week ago

Question

★★★★★

A compound gives the following IR spectrum. Upon reaction with sodium borohydride followed by acidification, the product with the following 1HNMR spectrum is formed. Identify the compounds. 0 3 4 5 6

Answered: 1 week ago

Question

★★★★★

Gather open, high, low, and closing prices for Valero Energy Corp (VLO) for the period from September 2014 to September 2015. Gather this data for daily and weekly quotes. http://finance.yahoo.com...

Answered: 1 week ago

Question

★★★★★

4. If you had a score of 92 on the exam and you had the choice of curving the grades or using the absolute standard of 90-100 for an A, 80-89 for a B, 70-79 for a C, and so on, what would be your...

Answered: 1 week ago

Question

★★★★★

Baxter manufactures electric hair dryers. Julie purchases a Baxter dryer from her local Ace Drugstore. Cox, a friend and guest in Julies home, has taken a shower and wants to dry her hair. Julie...

Answered: 1 week ago

Question

★★★★★

CH 11 Drill Question 4 Not able to figure out B and D. See the ones that are blank.

Answered: 1 week ago

Question

★★★★★

There is a database that contains a website's traffic data over a period of 30 days. The first table contains users' information including the user type (user, crawler, admin). The second table...

Answered: 1 week ago

Question

★★★★★

1.Write notes on ONE (1) of the following topics with reference to relevant case law : (a) Intention to create legal relations; OR (b) Lack of genuine consent due to duress, undue influence or...

Answered: 1 week ago

Question

★★★★★

Question Stimulus: In the text, special note is made of Weiss, Prifitera, and Roids study of test bias, which had an extensive sample (N = 700) representative of the U.S. population. What is The...

Answered: 1 week ago

Question

★★★★★

Name three things that you would do differently or consider if you were using Individual Psychology with an 8 year old, a 12 year old, and a 15 year old. Explain why you would make these adjustments...

Answered: 1 week ago

Question

★★★★★

What kinds of physical abilities permit Kristy to play baseball? How did these abilities change as she moved from preschool into middle childhood? What abilities does she probably still lack, given...

Answered: 1 week ago

Question

★★★★★

Jan's electric bill is averaging $12 per day mostly due to the air conditioner. By setting the AC to a higher temperature, closing curtains to block sunlight, and using direct-blowing fans for...

Answered: 1 week ago

Question

★★★★★

What stage of human development are you in currently and what are your main challenges/activities? (I AM 24) Reflecting on Erikson's theory of psychosocial development, which stage do you find...

Answered: 1 week ago

Question

★★★★★

Comparative Ratios. The government-wide financial statements for the City of Arborland for a three-year period are presented on the following pages. Additional information follows: Population: Year...

Answered: 1 week ago

Question

★★★★★

How can NAFTA be beneficial to suppliers of Walmart?

Answered: 1 week ago

Question

★★★★★

Introduction In 2010, New United Motor Manufacturing, Inc., a unique and highly successful joint venture between Americas General Motors and Japans Toyota, went out of business. NUMMI, as the...

Answered: 1 week ago

Question

★★★★★

Why has there been such an increase in interest by business firms in international marketing? Will this interest continue to increase? Why or why not?

Answered: 1 week ago

Question

★★★★★

From the perspective of the parent company is it better to use a low export transfer price or a high transfer price? What effect does extent of ownership of the importing unit have on your answer?...

Answered: 1 week ago

Question

★★★★★

If an invoice indicates that interest at the rate of 2% per month will be charged on overdue amounts, what effective rate of interest will be charged?

Answered: 1 week ago

Question

★★★★★

Columbia Trust wants its annually, semiannually, and monthly compounded five-year GICs all to have an effective interest rate of 5.75%. What nominal annual rates should it quote for the three...

Answered: 1 week ago

Question

★★★★★

To be equivalent to 10% compounded semiannually, what must be the nominal rate with: a. Annual compounding? b. Quarterly compounding? c. Monthly compounding?

Answered: 1 week ago

Previous Question Next Question