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 2 3 4 5 |
9 17 24 30 35 |
Tip: Develope the following table to assist you in answering these questions:
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NUMBER OF WORKERS |
TB |
TC |
NB |
MB |
MC |
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1 |
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2 |
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3 |
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4 |
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5 |
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Based on the above info, if the wage rate of a house cleaner is $130, what is the maximum amount of profit the company can earn? |
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Based on the above info, if the company wants to maximize profit
and it hires three workers, the wage rate of a house cleaner can be
no more than |
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Based on the above info, the marginal revenue from the fourth worker is |
| No. Of workers | TB | TC | NB | MB | MC |
|---|---|---|---|---|---|
| 1 | 225 | 130 | 95 | 225 | 130 |
| 2 | 425 | 260 | 165 | 200 | 130 |
| 3 | 600 | 390 | 210 | 175 | 130 |
| 4 | 750 | 520 | 230 | 150 | 130 |
| 5 | 875 | 650 | 225 | 125 | 130 |
A) Maximum profit that he can earn is $230 when 4 workers are employed.
B)when ,3 workers are employed total benefit is $600.if wages is above $200 each company will start facing loses.so $200 is the maximum company can pay.
C) Marginal revenue from fourth worker is $150.
A housecleaning company receives $25 for each house cleaned. The table below gives the relation between...
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