Workers marginal product, You are using a sample size of 15

Workers marginal product

Assignment Help Business Economics

Reference no: EM136727

Q1. You are the proud owner of a baseball card store. Suppose you sell $100.00 worth the baseball cards each day, with one employee operating the store for you. You decide to hire a second worker, and the two workers together sell $150.00 worth of baseball cards. What is your second worker's marginal revenue product (MRP)? If the price per card sold is $5.00, what is the second worker's marginal product (MP)?

Q2. You are going to develop an R-chart based on range statistics, and you are using a sample size of 15 for your charting purposes. Which of the following is the upper control limit D4 factor for the chart?

Reference no: EM136727

Questions Cloud

Guidelines of the federal reserve : The two smallest banks have proposed merging. Under the standard merger guidelines of the Federal Reserve and the Justice Department.

Indicate the approximate size of an individual cell : A microscope has a field diameter of 2,000 microns under a total low power magnification of 100 X. This microscope has a 10X power ocular. Given this information, reply the following questions that appear below.

Equilibrium quantity price and the new monopolys profit : The US put a specific tariff of €10 on European widgets. Calculate the new equilibrium quantity and price as well as the new Monopoly's profit.

What percent of the gametes produced : How is variability, diploid, independent assortment, crossing over, out breeding mechanisms, polymorphism, heterozygote superiority, hybrid vigor, clines and ecotypes, protogenes, and gene amplification and Pleiotropy relate.

Workers marginal product : You are using a sample size of 15 for your charting purposes. Which of the following is the upper control limit D4 factor for the chart.

Rashid''s budget constraint : Explain why monopolistically competitive firms frequently prefer nonprice competition to price competition.

Substantive responses use theory : Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.

Describe the structures you see and narrate : Now that you've arrived at the lung, describe the structures you see and narrate how the body combats the invading bacterium using the knowledge you have grinded in the first 4 units. Address both specific and nonspecific immunity and the cells that ..

Vertical axis of a production : If today's production of capital goods exceeds the depreciation of capital.

User Account

All Pages