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A Commercial Scissors Manufacture Has the Relationship Between the Number

Question 50

Essay

A commercial scissors manufacture has the relationship between the number of workers per hour and the total product per hour shown in the following table. The relationship between output produced per hour and the price at which it can be sold is also given. Assume that the cost of materials used in each pair is $.50.
a. Complete the table
b. If the wage rate is $3.50 per hour, how many workers should the firm hire to maximize profits? Why? A commercial scissors manufacture has the relationship between the number of workers per hour and the total product per hour shown in the following table. The relationship between output produced per hour and the price at which it can be sold is also given. Assume that the cost of materials used in each pair is $.50. a. Complete the table b. If the wage rate is $3.50 per hour, how many workers should the firm hire to maximize profits? Why?

Correct Answer:

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blured image b. The firm should hire 15 wo...

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