A) If your workers are paid $25 and ingredients are $10 per serving (for chicken

Question

A) If your workers are paid $25 and ingredients are $10 per serving (for chicken, wine, carrots, etc.), how many dinners will you offer to sell at $25.00/serving? How many at $40? (Note that you need to fill out the MC column to answer this!)

Marginal Productivity and Marginal Cost Coq Work Mworkers Or MC (at wage of $25/hour), MPL amount that one worker would produce hours the change in inputs at $10 Work hours au vin 0.2 0.6 1.2 2.1 3.3 4.9 6.9 9.4 12.4 15.9 0.2 0.4 0.6 0.9 1.2 15 20 25 32.5 5 2.5 1.66 1.11 0.83 0.63 0.5 0.4 0.33 0.29 4 6 50 2.0 2.5 72.5 85 97.5 10 3.5

Explanation / Answer

3 because at 3 marginal cost =price=25

5 because at 5 mc=price=40

For profit maximization price should be equal to marginal cost

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.