Solved: Frank gunter owns an apple orchard he employs 40 apple, Microeconomics

+44 141 628 6080
[email protected]

Frank gunter owns an apple orchard he employs 40 apple

Frank Gunter owns an apple orchard. He employs 40 apple pickers and pays them $7 per hour to pick apples, which he sells for $3.50 per box. If Frank is maximizing profits, what is the marginal revenue product of the last worker he hired? what is that worker's marginal product?

Solution Preview :

Prepared by a verified Expert

Microeconomics: Frank gunter owns an apple orchard he employs 40 apple

Reference No:- TGS0656486

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Microeconomics

Q : What is the hydraulic radius of trapezoidal channel that

What is the Hydraulic Radius of Trapezoidal channel that has a bottom width of 9 feet, side slopes 3:1 (H:V) and the flow depth is 6 feet.

Q : Lght of wavelength 5010-7 m in air is incident normally

Light of wavelength 5.0*10^-7 m in air is incident normally (perpendicular) on a doubled slit. The distance between the slit is 4.0*10^-4 m, Caculate the line density in slits/mm of the diffraction grating

Q : Whatrsquos the role of price in allocating the resources

What’s the role of price in allocating the resources? Give logical examples for explanation. Draw graphs where necessary.

Q : Design a concrete n 0013 channel that will convey 50000

design a concrete (n = 0.013) channel that will convey 50,000 GPM. It is to be a trapezoidal in cross section with a bottom width of 7.5 feet. The side slopes are to be 1.33:1 (H:V) and it is desired to have the depth of flow constant at 2.0 feet.

Q : Frank gunter owns an apple orchard he employs 40 apple

Frank Gunter owns an apple orchard. He employs 40 apple pickers and pays them $7 per hour to pick apples, which he sells for $3.50 per box. If Frank is maximizing profits

Q : Critically analyse the theory concepts and models of

Critically analyse the theory, concepts and models of operations and information management; Demonstrate an understanding of the importance of information management in international operations;

Q : Determine the required size of new schedule 40 steel pipe

Determine the required size of new Schedule 40 steel pipe to carry 0.5 cfs (Q = 0.5 cfs) of water at 160o F with a maximum pressure drop of 10 psi per 1,000 ft.

Q : An aluminum wire having a cross-sectional area equal to

An aluminum wire having a cross-sectional area equal to 3.20X10^-6 m^2 carries a current of 6.50 A. Find the drift speed of the electrons in the wire

Q : A listener increases his distance from a sound source by a

A listener increases his distance from a sound source by a factor of 3.03. what is the change in the sound intensity level in dB

1944930

Questions
Asked

3,689

Active Tutors

1425953

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Solution Preview :

Prepared by a verified Expert

Microeconomics: Frank gunter owns an apple orchard he employs 40 apple

Reference No:- TGS0656486

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : What is the hydraulic radius of trapezoidal channel that

Q : Lght of wavelength 5010-7 m in air is incident normally

Q : Whatrsquos the role of price in allocating the resources

Q : Design a concrete n 0013 channel that will convey 50000

Q : Frank gunter owns an apple orchard he employs 40 apple

Q : Critically analyse the theory concepts and models of

Q : Determine the required size of new schedule 40 steel pipe

Q : An aluminum wire having a cross-sectional area equal to

Q : A listener increases his distance from a sound source by a

Which of the things happened first

Review the real-life cat and mouse chase

How coastlines are vulnerable to multiple climate change

Which is a criticism of marxist/conflict theories

Identify problems and concerns that contributed

Statement about political systems controlled by men

Examine gender inequality on a global scale

Solution Preview :

Prepared by a verified Expert

Microeconomics: Frank gunter owns an apple orchard he employs 40 apple

Reference No:- TGS0656486

Recent Questions Asked Microeconomics

Q : What is the hydraulic radius of trapezoidal channel that

Q : Lght of wavelength 5010-7 m in air is incident normally

Q : Whatrsquos the role of price in allocating the resources

Q : Design a concrete n 0013 channel that will convey 50000

Q : Frank gunter owns an apple orchard he employs 40 apple

Q : Critically analyse the theory concepts and models of

Q : Determine the required size of new schedule 40 steel pipe

Q : An aluminum wire having a cross-sectional area equal to

Q : A listener increases his distance from a sound source by a

Asked Questions