Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 19, 2024

QUESTION 34 If the price of the good is 2 dollar and the wage is 20 dollars per hour how many employees would you hire

QUESTION 34 If the price of the good is 2 dollar and the wage is 20 dollars per hour how many employees would you hire Labor Quantity MPL 1 MRP MC 10 10 20 2 20 19 9 18 3 20 27 8 16 20 34 7 14 20

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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

Economics

Authors: John Sloman, Jon Guest, Dean Garratt

10th edition

1292187859, 9781292187907 , 978-1292187853

More Books

Students also viewed these Economics questions

Question

★★★★★

What criteria are required for a hedged item to qualify for special accounting as a cash-flow hedge?

Answered: 1 week ago

Question

★★★★★

Waterfun Technology produces engines for recreational boats. Because of competitive pressures, the company was making an effort to reduce costs. As part of this effort, management implemented an...

Answered: 1 week ago

Question

★★★★★

Suppose that A1, A2,, An are completely independent events of a sample space with P(Ai) = pi, with pi (i) Verify that the probability that exactly one of the events A1, A2,, An appear equals (ii) If...

Answered: 1 week ago

Question

★★★★★

Saylor Co. sold $3,000,000, 8%, 10-year bonds on January 1, 2017. The bonds were dated January 1, 2017, and pay interest on January 1. The company uses straight-line amortization on bond premiums and...

Answered: 1 week ago

Question

★★★★★

On January 2, 2020, Zapp Company has the following: Common Stock ($5 par value, 20,000 shares issued) $100,000 Paid-in capital in excess of par-C.S. 50,000 Paid-in capital from treasury stock 1,500...

Answered: 1 week ago

Question

★★★★★

Dwight Donovan, the president of Donovan Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to...

Answered: 1 week ago

Question

★★★★★

Part 1 of 3 points O Points: 0 of 2 Save A company publishes statistics concerning car quality. The initial quality score measures the number of problems per new car sold. For one year, Car A had...

Answered: 1 week ago

Question

★★★★★

An insurer has $2,500,000 in total earned premiums for the year. It experiences and pays out in one year $1,000,000 in total losses and $500,000 in underwriting expenses. As a result, under statutory...

Answered: 1 week ago

Question

★★★★★

Shakeia Duncan wants to know what home price she can afford. Her annual gross income is $ 4 6 , 8 0 0 . She owes $ 8 3 0 per month on other debts and expects her property taxes and homeowner's...

Answered: 1 week ago

Question

★★★★★

A lab orders a number of chemicals from the same supplier, with a lead time two weeks. The assistant manager of the lab must determine how much of one of these chemicals to order. Usage of the...

Answered: 1 week ago

Question

★★★★★

Spec, Inc.s stock is expected to generate a dividend and terminal value one year from now of P57.00.The stock has a beta of 1.3, the risk-free interest rate is 6 percent, and the expected return...

Answered: 1 week ago

Question

★★★★★

1. Honda is planning to introduce new electric car in 2 years. Describe your role in detail as Procurement and Purchasing Manager of Honda to ensure this product will be ready to launch in two years....

Answered: 1 week ago

Question

★★★★★

SECTION ONE: (approx. 1 page) Evaluate your leadership effectiveness in your team project this semester. Describe the approach you took to leading, citing course material to support your analysis....

Answered: 1 week ago

Question

★★★★★

2. What we can learn from the past

Answered: 1 week ago

Question

★★★★★

17. In a communication context (choose which one), put plus (+) for the areas you find easy to perform and minus (-) for the areas you find difficult to perform. a. to present something to a larger...

Answered: 1 week ago

Question

★★★★★

2. Develop a good and lasting relationship

Answered: 1 week ago

Previous Question Next Question