subject
Business, 17.06.2021 20:00 maria051002camp

Consider the following daily production data for Davis Golf Balls, Inc. Davis Golf Balls, Inc. sells golf balls for 50 cents. Assuming Davis Golf Balls, Inc. is a competitive, profit-maximizing firm, how many workers will the firm hire if this company pays a wage of $50 a day. Labor (number Quantity (golf Marginal Value of the T Wage T Marginal of workers) balls per day) Product of Marginal (per day) Profit Labor (golf Product of balls per day) Labor 100 2 250 3 375 475 550 600 a. Please fill out the table using the information listed above the table. b. Assuming Davis Golf Balls, Inc. is a competitive, profit-maximizing firm, how many workers will the firm hire? c. Assume that Davis Golf Balls, Inc. is a competitive, profit-maximizing firm. If the market price of golf balls increases from 50 cents to 60 cents, how many workers would the firm then hire? d. Assume that Davis Golf Balls, Inc. is a competitive, profit-maximizing firm. If the market price was S1.00 and the wage increased to S100, how many workers would the firm then hire?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:30
You wants to open a saving account.which account will grow his money the most
Answers: 1
question
Business, 22.06.2019 04:00
Medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic. hughes sought a position as a sales director for st. jude. st. jude told hughes that his contract with medtronic was unenforceable and offered him a job. hughes accepted. medtronic filed a suit, alleging wrongful interference. which type of interference was most likely the basis for this suit? did it occur here? medtronic, inc., is a medical technology company that competes for customers with st. jude medical s.c., inc. james hughes worked for medtronic as a sales manager. his contract prohibited him from working for a competitor for one year after leaving medtronic
Answers: 2
question
Business, 22.06.2019 12:30
howard, fine, & howard is an advertising agency. the firm uses an activity-based costing system to allocate overhead costs to its services. information about the firm's activity cost pool rates follows: stooge company was a client of howard, fine, & howard. recently, 7 administrative assistant hours, 3 new ad campaigns, and 8 meeting hours were incurred for the stooge company account. using the activity-based costing system, how much overhead cost would be allocated to the stooge company account?
Answers: 1
question
Business, 22.06.2019 19:30
At december 31, 2016, pina corporation had the following stock outstanding. 10% cumulative preferred stock, $100 par, 107,810 shares $10,781,000 common stock, $5 par, 4,026,000 shares 20,130,000 during 2017, pina did not issue any additional common stock. the following also occurred during 2017. income from continuing operations before taxes $21,950,000 discontinued operations (loss before taxes) $3,505,000 preferred dividends declared $1,078,100 common dividends declared $2,300,000 effective tax rate 35 % compute earnings per share data as it should appear in the 2017 income statement of pina corporation
Answers: 1
You know the right answer?
Consider the following daily production data for Davis Golf Balls, Inc. Davis Golf Balls, Inc. sells...
Questions
question
Mathematics, 09.11.2020 09:20
question
English, 09.11.2020 09:20
question
Mathematics, 09.11.2020 09:20