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Economics

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?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9157116

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