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tittyboi tittyboi
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Posts: 324
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A week ago

Question 1.

Figure 17-1


Figure 17-1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.



Refer to Figure 17-1. If the wage rate is $40, how many workers should Dale hire?



6



5



4



3



Question 2.

Figure 17-1


Figure 17-1 shows the marginal revenue product for Dale's Hand-Sewn Doilies, a producer of linen doilies.



Refer to Figure 17-1. If Dale can sell her doilies at $2 each, what is the marginal product of the 5th worker?



$56



14 doilies



$28



28 doilies

Textbook 

InMicro


Edition: 1st
Authors:
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WooWoo
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Posts: 303
A week ago
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Answer 1

3



Answer 2

14 doilies

1

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I appreciate what you did here, answered it correctly Smiling Face with Open Mouth
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Exactly what I needed, TYSM
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Just got PERFECT on my quiz ツ
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