Omega Custom Cabinets produces and sells custom bathroom Vanities. The fim determined that if hires 10 workers. It can produce 20 vanites per week. Irithies 11 workers, it can produce 22 vanities welt sells each vanity for 5800, and it pays each of its workers $1,000 de week A. For the 11th worker, the value of marginal product of labor $1,600.
B. For the 11th worker the marginal revenue product is $2,000
C. The firm is maximizing it's profit
D, If the firm is employing 11 workers, then its profit would increase if it cut back to 10 workers

Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery.can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.