Recent Posts • Latest Topics • Unanswered Questions

The table below shows the total production for varying numbers of hours worked producing yo-yos. The ...

ScienceForte

wrote...

Go to Answer

Posts: 135

Rep:

A year ago

The table below shows the total production for varying numbers of hours worked producing yo-yos. The ...

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 ($)
10	60	10	5
11	70	10	5
12	78	10	5
13	84	10	5
14	88	10	5
15	90	10	5

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.

Textbook

Microeconomics

Edition: 17^th

Author: Ragan

Read 21 times

1 Reply

Report

Replies

Answer verified by a subject expert

heathernhull

wrote...

Posts: 147

Rep:

A year ago

More solutions for this book are available here

Report

Related Topics

ScienceForte Author

wrote...

A year ago

Helped a lot

lubennick

wrote...

Yesterday

This helped my grade so much Perfect

vanna2014

wrote...

2 hours ago

Thanks

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

1258 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Live Chat

Related Images

200

1277

1214

Your Opinion

Previous poll results: Where do you get your textbooks?

The Toxic Skin and Fungi Defense

Bonobos, Chimpanzees, and the 98% DNA Link

It's sore throat season, why does my mucus have red spots?

Courses by Biology Forums

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2024 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.