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

Author Question: The table below shows the total production for varying numbers of hours worked producing yo-yos. The ... (Read 67 times)

Mscarter

  • Full Member
  • ***
  • Posts: 159
on: Oct 12, 2022
The table below shows the total production for varying numbers of hours worked producing yo-yos. The firm sells its product and hires its workers in competitive markets.

Number of
 Hours Worked		Number of 
Yo-Yos 
Produced		Wage Rate
per Hour (S)		Price of Yo-Yos
($)
1060105
1170105
1278105
1384105
1488105
1590105
TABLE 13-4

Refer to Table 13-4. Which of the following statements best describes the situation of this firm when it is employing 15 hours of labour? The 15th hour of labour hired
◦ adds $2 to revenue, but costs $10 to hire, so this firm should hire less labour.
◦ adds $50 to revenue, but only costs $10 to hire, so this firm should hire more labour.
◦ adds $20 to revenue, but only costs $10 to hire, so this firm should hire more labour.
◦ adds $5 to revenue, but costs $10 to hire, so this firm should hire less labour.
◦ adds $10 to revenue and costs $10 to hire, so this firm is maximizing its profit at 15 hours of labour.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Mscarter on Oct 12, 2022

hiyayyay

  • Full Member
  • ***
  • Posts: 204
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


Mscarter

  • Member
  • Posts: 159
Reply 2 on: Oct 12, 2022
Excellent

meow1234

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d John Lewis Krimmel’s painting of the Fourth of July in Centre Square Philadelphia (1812) shows the d
Latest element on the Periodic Table Latest element on the Periodic Table
Men and women work the same number of hours a week, but men spend more time on paid work, and women ... Men and women work the same number of hours a week, but men spend more time on paid work, and women ...
Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production Major U.S. Centers of Cattle, Corn, Wheat, and Soybean Production
Letter Frequency Table Letter Frequency Table
Determination of the genotype of F2 plants by the production of F3 progeny Determination of the genotype of F2 plants by the production of F3 progeny
Video: Multiple Sclerosis Animation

For a complete list of videos, visit our video library