posted by .

Suppose that you supply bottled water in a competitive market and that you are producing the profit-maximizing quantity of bottled water. If you can sell your water at $2 a bottle and you currently employ five workers at a wage of $50 a day, what is the value of the marginal product of the last worker you hired? What is the marginal product of that worker?

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    3. Suppose the Clean Springs Water Company has a monopoly on bottled water sales. If the price of tap water increases, what is the change in Clean Water’s profit-maximizing levels of output, price, and profit?
  2. Environmental Helpp!

    Why would a 1 L bottle of water cost $1.50 whereas 1 L of gasoline currently costs about 90 cents?
  3. Economics/Math

    Suppose there are four firms in a competitive market and that each firm has the following supply function. Supply functions for competitive firms Company Supply Function 1 Q1 = 16 + 4P 2 Q2 = -5 + 5P 3 Q3 = 32 + 8P 4 Q4 = - 60 +10P …
  4. Science

    The bottled water industry has become an enormous, multi-billion dollar a year industry.there are some negative impacts of bottled water idustry on enviroment.many of these bottles are recycled by conscientious consumers, most are …
  5. calc

    Annual sales of bottled water in the country in the period 1993-2003 could be approximated by the function below, where t is time in years since 1990. Were sales of bottled water accelerating or decelerating in 2000?
  6. physics

    Bottled water costs $0.55 for a 0.5 liter bottle. What would it cost to fill a bathtub with bottled water. The bathtub holds 7.13 cubic feet of water. (Recall that 1.00 inch = 2.54 cm, and that a liter is exactly 1000 cm3).
  7. Economics

    Suppose the bottle water industry is competitive. If a bottle of water supplied by the typical firm has an ATC of 20 cents and the market price if 30 cents, is the bottle water industry in long run equilibrium?
  8. Psychological Statistics

    A researcher asks participants to sample tap water and bottled water. out of 40 people, 28 selected bottled water. was the bottled water selected significantly more often?
  9. Math

    In 1997, a typical American consumed 52 liters of bottled water, and in 2001, a typical American consumed 74 liters of bottled water. Let y be the number of liters of bottled water consumed by a typical American in the year x, where …
  10. College Algebra

    The per-capital consumption of bottled water wa 5 gallons in 1990 and has been increasingly yearly by a factor of 1.083. What was the per capital consumption of bottled water 13 years later?

More Similar Questions