Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
. This will provide insight into the idea of the optimal number of workers and the value of the marginal product of labor.
If wages in the restaurant is $11.00 per hour and the price of a Hamburger is $4.40 and the production function for the workers is:
Q = 5L – 0.5L2
a. How many workers should Your Restaurant employ during the lunch hour to maximize profits? 1 Point
(note—the value of the marginal product of labor and the marginal revenue product are the same)
We maximize profits which are total revenues less total costs:
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.Read more
Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.Read more
Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.Read more
By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.Read more