Suppose that Paco charges $5000 for a paint job and that the current wage he must pay his workers is $20 per hour. How many worker hours should Paco use to maximize his profit? How many painting jobs will Paco complete using this number of worker hours? In addition to hiring workers, Paco spends $150 on brushes (50 brushes at $3 each) and $3000 on paint (100 gallons at $30 per gallon). What is Paco's profit using these values for his three factors (labor, brushes, and paint)? $

Suppose that Paco charges $5000 for a paint job and that the current wage he must pay his workers is $20 per hour. How many worker hours should Paco use to maximize his profit? How many painting jobs will Paco complete using this number of worker hours? In addition to hiring workers, Paco spends $150 on brushes (50 brushes at $3 each) and $3000 on paint (100 gallons at $30 per gallon). What is Paco's profit using these values for his three factors (labor, brushes, and paint)? $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

explain in detail and give formula Only typed solution
None
PLS HELP ASAP ON BOTH
A Dashboard My courses 20202 الضع الرئيسي الهندسة والتكنولوجيا الاقتصا الهندسي نظري - طولكرم General Midterm Exam Engineering Economy الاقتصاد الهندسي نظري - طولكرم Question 11 Investments that have a positive net present value should be considered for acceptance. Not yet answered Select one: Marked out of O True 1.00 O False Flag question Previous page Next page Retum to: General
why is the working capital productivity in an electronics firm an important factor?
plz solve it within 30-40 mins I'll upvote your answer
Why are the total costs associated with reverse logistics increasing? Will this trend continueinto the future?
Dear expert don't Use chat gpt
How long it will take for the cost of the investment to be recovered from its benefits is referred to as profitability. O True O Falce
The table below shows the costs incurred at Polly's potato farm. Complete the table. >>>Answer to 2 decimal places. L 0 1 2 3 4 4000-60 2017 0-0000-0000-0000 TP TVG TC 0 0 70 32 92 212 292 30 60 90 130 AFC 120 190 2.19 160 0.33 AVC ATC 0.94 3.13 0.65 1.41 0.24 0.41 0.75 MC 0.94 0.50 0.25
need solution
ECONOMICS UPVOTE WILL BE GIVEN. PLEASE WRITE THE SOLUTIONS LEGIBLY. NO LONG EXPLANATION NEEDED. A production plant has the capacity to produce 2,000 tons per year. At full capacity, there are total variable costs of Php 100,000,000 and fixed costs of Php 35,000,000.a. What is the annual profit for the plant when working at full capacity (2,000 tons) and the product sells for Php 40 per pound?b. What is the total cost per pound at full capacity?