Expand your knowledge base with the help of IDNLearn.com's extensive answer archive. Get accurate and detailed answers to your questions from our dedicated community members who are always ready to help.

Suppose your roommate. Clara is starting à room cleaning business on your campus. There are five potential workers. Each is willing to work for the following daily wage:
Person Daily wage requirement
Alex $110
Diane $130
Cedric $150
Peter $170
Suppose that each person could clean eight rooms in a day and that Clara charges $21 for each room that is cleaned. How marry workers should Clara hire?


Sagot :

Answer:

3 workers

Explanation:

It is given that Clara is opening a room cleaning business on the campus. For Clara, there are 5 potential workers.

The daily wage of for the worker are :

Alex --- [tex]\$ 110[/tex]

Diane -- [tex]\$ 130[/tex]

Cedric -- [tex]\$ 150[/tex]

Peter -- [tex]\$ 170[/tex]

Zekta -- [tex]\$ 190[/tex]

Each of the worker will clean 8 rooms and $ 21 will be charged for each room to be cleaned.

Therefore, the number of the workers required is :

The marginal revenue product for each worker = 21 x 8 = 168

So, Clara will hire only those workers who have daily wage less than $ 168.

Therefore, Clara will hire 3 workers, namely Alex, Diane and Cedric.

We appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. IDNLearn.com has the answers you need. Thank you for visiting, and we look forward to helping you again soon.