WebQuestion: If one worker can pick $10 worth of grapes and two workers together can pick $24 worth of grapes, the Multiple Choice marginal revenue product of the second worker … WebJan 27, 2024 · If one worker can pick $30 worth of grapes and two workers together can pick $50 worth of grapes, the marginal revenue product of the second worker is $20. What is marginal revenue? The money a business makes with each additional sale is known as marginal revenue.
Answered: one worker in southern Ontario worker… bartleby
Web57. If one worker can pick $30 worth of grapes and two workers together can pick $50 worth of grapes, we can say that the marginal revenue product of: A.each worker is $25 B. the first worker is $25 C. the first worker is $20 D.the second worker is $30 E. the second worker is $20 E . the second worker is $ 20 WebBusiness Economics one worker in southern Ontario worker can pick $30 worth of tomatoes two workers together can pick $70 worth of tomatoes, the Multiple Choice data given are insufficient to determine the marginal revenue product of either worker. data given suggests diminishing returns. marginal revenue product of the first worker is $40. marginal revenue … harry london quality chocolates
If one worker can pick $30 worth of grapes and two workers.
WebThe perfectly competitive firm's profit‐maximizing labor‐demand decision is to hire workers up to the point where the marginal revenue product of the last worker hired is just equal to the market wage rate, which is the marginal cost of this last worker. For example, if the market wage rate is $50 per worker per day, the firm—whose ... WebIf one worker can pick $30 worth of grapes and two workers together can pick $50 worth of grapes, the Marginal This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. See Answer Web4 hours ago · Costco grapes retail for $1.86 a pound, while Aldi grapes are $1.29 a pound. By my estimates, I've saved about $10 on grapes by getting them at Aldi. Finally, Aldi blackberries are $1.29 for... charity witt instagram model