How many workers should pam''s pretzels hire

Reference no: EM131301044

1. Would a burrito restaurant hire an additional worker for $10.00 an hour if that worker could produce an extra 30 burritos an hour and each burrito could add $0.60 in revenues?

2. Pam's Pretzels production is shown in the following table. It costs Pam's Pretzels $80 per day per worker. Each pretzel sells for $3.

a. Compute the marginal product and the value of the marginal product that each worker creates.

b. How many workers should Pam's Pretzels hire?

Reference no: EM131301044

Questions Cloud

How can economists explain irrational behavior : How does game theory explain strategic behavior?

Design - uml diagrams and overall design : Develop a problem-based strategy for creating and applying programmed solutions using an object-oriented paradigm - Use an object-oriented development environment in the development, testing and debugging of an object-oriented application.

Give the answer of muliple question : PSY 560:Give the Answer of Muliple Question.Which is a way some people cope with the ambiguity of human freedom?Change or development in a desirable direction is called.

Logistics processes and supply chain management : Technology has improved logistics processes and supply chain management in the last decade. Explain how information systems or Internet technology has improved inventory management, order processing, or supply chain integration in the aviation ind..

How many workers should pam''s pretzels hire : Would a burrito restaurant hire an additional worker for $10.00 an hour if that worker could produce an extra 30 burritos an hour and each burrito could add $0.60 in revenues?

How is the kyoto protocol being addressed : Resorting to published literature or other media resources Investigate and explain in a short essay, how is the Kyoto protocol being addressed and implemented in practice in the KSA, name the designated national authority for the Clean Developm..

What amount would you like spent yearly to fund grand party : What amount would you like spent yearly to fund this grand party? How much money do you have to leave to your heirs 50 years from now assuming that will compound at 6% interest?

Why do garbage collectors make more than furniture movers : Maria is a hostess at a local restaurant. When she earned $8 per hour, she worked 35 hours per week. When her wage increased to $10 per hour, she decided to work 40 hours. However, when her wage increased again to $12 per hour, she decided to cut ..

How purchasing an asset stocks could potentially impact : Using the financial balance sheet as displayed in the text, provide an example of how purchasing an asset or issuing stocks or bonds could potentially impact earnings targets.

User Account

All Pages