Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Microeconomics Expert

Frank Gunter owns an apple orchard. He employs 57 apple pickers and pays them $15 per hour to pick apples, which he sells for $3.00 per box. If Frank is maximizing profits, what is the marginal revenue product of the last worker he hired? What is that worker's marginal product?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M947898

Have any Question? 


Related Questions in Microeconomics

Problem assignmentmicrosoft word - sio 20 problem

Problem Assignment Microsoft Word - SIO 20 Problem Assignment 4_2016.docx 1. Describe the life-cycle of a frontal cyclone (also called "wave cyclone" or "midlatitude cyclone"). Draw a diagram if that helps. 2. Describe t ...

Problemdescribe some interaction your company has with

Problem Describe some interaction your company has with another entity (firms producing complementary or substitute products, upstream suppliers, or down-stream customers), or between internal divisions within your firm ...

Research topicthis assignment is the first step towards

Research Topic This assignment is the first step towards completing your research paper. For this submission, you will need to find a topic of interest related to race and ethnicity, social change, or both. You may come ...

Tyler poland is a stock picker responsible for recommending

Tyler Poland is a stock picker responsible for recommending Mexican securities for his brokerage firm's clients. He is often frustrated about the lack of credible information on companies in Mexico. "Everything is always ...

Discuss the security issues in addition to simple customs

Discuss the security issues (in addition to simple customs requirements) that your company must consider when transporting customers' goods across international borders. Do the markets your company usually serves make th ...

Question 1nbspgiven the following chart answer the

Question 1  Given the following chart answer the questions below, assuming that all resources and technology are fixed for this farm. Corn(bu) Soybeans(bu) 20,000 0 16,000 5000 12,000 9000 8,000 12,000 4,000 14,000 0 15, ...

Microeconomichow would a low-cost price leader enforce its

Microeconomic How would a low-cost price leader enforce its leadership through implied threats to a rival? How does a firm become a "low cost" price leader? Discuss the specific type of market structure that implied thre ...

Economics assignmentactivity 1 - the budget constraintgraph

Economics Assignment Activity 1 - The Budget Constraint Graph an example of a budget constraint (or the consumption choice opportunity frontier) for the purchase of two different goods or services. State the budget in th ...

Assignmentlearning activity 1this learning activity focuses

Assignment Learning Activity 1: This learning activity focuses on jurisdiction and ADR. Review closely all assigned materials regarding the legal system. Case Scenario: Ali owns and operates a florist business, Blooming ...

Answer these two questionthese is 2 econ question you need

Answer these two question These is 2 econ question, you need answer these by reading the article . you need give me the answer in 1 hour 1. Explain how settled agriculture led to civilization (meaning economic specializa ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate