This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Lynn owns Dust Bunnies, a cleaning company. In one week, she is able to clean 9 houses. If she hires ... (Read 116 times)

bucstennis@aim.com

  • Hero Member
  • *****
  • Posts: 532
on: Jun 29, 2018
Lynn owns Dust Bunnies, a cleaning company. In one week, she is able to clean 9 houses. If she hires an employee, together they are able to clean 15 houses per week.
 
  If Lynn charges 100 to clean a house, and she pays her employee 400 a week, should she hire this employee? A) Yes, because the value of marginal product of the worker is less than the wage.
  B) Yes, because the value of marginal product of the worker is greater than the wage.
  C) No, because the value of marginal product of the worker is greater than the wage.
  D) No, because the value of marginal product of the worker is less than the wage.

Question 2

A natural monopoly that is regulated to set its price according to the marginal cost pricing rule will
 
  A) incur an economic loss.
  B) maximize its profit.
  C) produce a quantity of output such that price is above average total cost.
  D) produce a quantity of output such that marginal cost is above average total cost.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

britb2u

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

A


bucstennis@aim.com

  • Member
  • Posts: 532
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Your heart beats over 36 million times a year.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Gold dust day gecko (also known as Madagascar day geckos) Gold dust day gecko (also known as Madagascar day geckos)
5 week embryo 5 week embryo
Tooth enamel is laid down in daily increments, with darker bands accumulating about once a week. Tooth enamel is laid down in daily increments, with darker bands accumulating about once a week.
Using and Cleaning the Microscope Using and Cleaning the Microscope
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
Your company advertises all prices on the menu board as a final price, including HST of 13%. A ... Your company advertises all prices on the menu board as a final price, including HST of 13%. A ...
Video: Flexor reflex & Crossed extensor reflex

For a complete list of videos, visit our video library