A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 per wash, and the price of workers is $60 per day. Should the car wash hire a fifth worker if the total number of washed cars would increase to 100?
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 per wash, and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
During the period, the Mixing Department completed 500 units and transferred them out to the Baking Department. At the end of the period, there were 4,000 units that are 40% complete as to direct materials in the Mixing Department.
Answers (1)
Discuss the 3 types of bailments and identify the legal ramifications regarding possession or acquisition and treatment of the bailment?
Answers (1)
A business owned and run by a single individual who has rights to all profits is known as a) Sole proprietorship b) General partnership c) Public corporation d) Limited liability company
Answers (1)
What kinds of companies are most likely to generate internal capital (i. e., retained earnings and leverage) and why don't they have as much access to external capital (investors) ?
Answers (1)
Which of these behaviors is BEST for managing an intercultural project team? a. Enter the situation with no knowledge of the local culture and customs to avoid any appearance of bias. b.
Answers (1)
New Questions in Business
Joe has $100,000 in an investment account. He is looking to retire in 12 years. He needs a minimum of $240,000 in order to retire. What rate of return does Joe need to make on his investment in order to be able to retire?
Answers (1)
Toombs Media Corp. recently completed a 3-for-1 stock split. Prior to the split, its stock sold for $160 per share. The firm's total market value was unchanged by the split.
Answers (1)
In the micro frame analysis of intercultural conflict, you focus on
Answers (1)
If Rosa expects interest rates to fall for the next 10 years, she should invest her money in? A) 10 year bonds B) treasury bills C) one year cd D) money market account
Answers (1)
The following data has been provided for a compan most recent year of operations: Return on investment 40 % Average operating assets $ 45,000 Minimum required rate of return 19 % The residual income for the year was closest to: Multiple Choice: A.
Answers (1)