Elucidate the marginal revenue from the fourth worker

Assignment Help Business Economics
Reference no: EM135374

Most people feel health care is priceless; however, health care comes with a steep cost. What factors must be considered when looking at the true cost of care?

A housecleaning company receives $25 for each house cleaned. The table below gives the relation between the number of workers and the number of houses that can be cleaned per week number of workers / houses cleaned
1 / 9
2 / 17
3 / 24
4 / 30
5 / 35

Elucidate the marginal revenue from the fourth worker?

Reference no: EM135374

Questions Cloud

Rationale of the reagan administration : Compare the rationale of the Reagan administration for the 1981 tax reductions with the rationale behind the Kennedy-Johnson tax cut of 1964
Examined relationship among height of children and parent : A cousin of James Darwin, examined the relationship between the height of children and their parents
Describe the discrete-time markov chain : Describe the discrete-time Markov chain (X(t)) and transition probability matrix What is the probability that a faculty member leaves the department on "bad terms"?
Maximize effectiveness at the least cost : Determine the following prior deciding a prescription maximize effectiveness at the least cost
Elucidate the marginal revenue from the fourth worker : Elucidate the marginal revenue from the fourth worker
Examine the key factors affecting the demand : Examine the key factors affecting the demand for and the supply of a good or service
Process of insertion into a heap-implemented priority queue : Explain the process of insertion into a heap-implemented priority queue, and informally explain its complexity and the process of removal from a heap-implemented priority queue, and informally explain its complexity.
Maximize effectiveness at the least cost : Determine the following prior deciding a prescription - (a) maximize effectiveness at the least cost (b) maximize effectiveness at a fixed cost of $10,000
Estimated regression equation : Estimated regression equation for which quantifies the demand for Widget

Reviews

Write a Review

Business Economics Questions & Answers

  Definitions of management quoted from authors

Similarities in the definitions of management quoted from authors of management textbooks

  Examine the key factors affecting the demand

Examine the key factors affecting the demand for and the supply of a good or service

  Quantity increase or decrease depends on demand

The equilibrium quantity increase or decrease depends on Demand

  What data organization needs in order to make good decision

What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.

  Draw a graph of the market for chewing gum

Draw a graph of the market for chewing gum. What are the equilibrium price and quantity? Mark the equilibrium price and quantity in the graph.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Think of any financial innovation in the past ten years

Think of any financial innovation in the past ten years

  Determine the quantity demand and the quantity supplied

Determine the quantity demanded, the quantity supplied, and the magnitude

  Calculate the price elasticity of demand for newtons donuts

Calculate the price elasticity of demand for Newton's Donuts

  The law of demand states that other things equal

The law of demand states that other things equal

  Entrepreneurship and capital venturing

Describe the Schumpeterian notion of "creative destruction"

  Gdp be boosted if the value of the services included

By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd