Omega custom cabinets produces and sells custom bathroom vanities. the firm has determined that if it hires 10 workers, it can produce 20 vanities per week. if it hires 11 workers, it can produce 22 vanities per week. it sells each vanity for $800, and it pays each of its workers $1,000 per week. which of the following is correct? a. for the 11th worker, the marginal profit is $600. b. for the 11th worker, the marginal revenue product is $2,000. c. the firm is maximizing its profit. d. if the firm is employing 11 workers, then its profit would increase if it cut back to 10 workers.
Answers: 3
Business, 22.06.2019 21:20, emfranco1
Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.
Answers: 1
Business, 23.06.2019 19:10, izabellehannah7165
Suppose you own a bicycle but haven't found the time to ride it much lately. these days, it is only worth $25 to you. one of your close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. he offers you $70 for the bicycle, and you gladly accept. your friend is also happy because he thinks the bicycle is worth $95 . how much total value was created from this trade? $
Answers: 3
Omega custom cabinets produces and sells custom bathroom vanities. the firm has determined that if i...
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