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17 November, 20:54

Question 13 Unsaved

Jeff owns a small business installing home security systems priced at $1,000 each. By himself, he can install four systems per month. If he hires an assistant, a total of ten systems can be installed. If he hires two assistants, a total of fifteen systems can be installed. Assuming that the price stays the same, what is the marginal revenue product of the first assistant; and the marginal revenue product of the second assistant?

Question 13 options:

a)

$6,000; $11,000

b)

$10,000; $11,000

c)

$6,000; $5,000

d)

$10,000; $15,000

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Answers (1)
  1. 17 November, 20:59
    0
    D. is the correct answer through calculations -
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