Joe Fixit has an appliance- repair business. He has more business than he can handle and wants to hire another person. Joe estimates that three appliances can be repaired each hour by a qualified person.
Joe bills out labor at $45 per hour, but he stipulates that the minimum charge for appliance - repair estimates is $30 plus parts.
What is the marginal revenue product of a qualified repair person?
What is the maximum hourly wage that he would pay an employee?
Answers: 2
Business, 22.06.2019 20:20, chem1014
Digitalhealth electronics inc. is a company that builds diagnostic devices. it was the first company to develop a compact mri scanner by reconfiguring the components of the mri technology. this smaller and user-friendly version of the huge mri scanner created demand from small hospitals, nursing homes, and private practice doctors who were earlier dependent on the scanning machines in large hospitals. which of the following types of innovations does this scenario best illustrate? a. disruptive innovation b. incremental innovation c. radical innovation d. architectural innovation
Answers: 3
Business, 23.06.2019 02:00, havenlynn27
In 1948, the president of the united states earned a salary of $75,000. in 2000, the president earned a salary of $400,000. knowing that the cpi for 1948 is 24.1 and the cpi for 2000 is 172.2, convert the 1948 salary to constant 2000 dollars. when comparing constant dollar amounts, whose salary was worth more--harry truman, president in 1948, or bill clinton, president in 2000
Answers: 3
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