Asked by Alexander Orton on May 12, 2024
Verified
Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband William to work for her. William can arrange 18 bouquets per day. What would be the total daily output of Kate's firm if she hired her husband?
A) 18 bouquets
B) 19 bouquets
C) 20 bouquets
D) 38 bouquets
Daily Output
The total quantity of goods or services produced by a firm or an economy in a single day.
Bouquets
Arrangements of flowers that are typically presented as gifts or used for decoration.
Florist
A professional specializing in the art and trade of arranging, selling, and often growing flowers and ornamental plants.
- Absorb the notion of the marginal product of labor and its correlation to the production function.
Verified Answer
KB
Karyna BondarchukMay 18, 2024
Final Answer :
D
Explanation :
Kate can arrange 20 bouquets per day, and William can arrange 18 bouquets per day. Together, they can arrange 20 + 18 = 38 bouquets per day.
Learning Objectives
- Absorb the notion of the marginal product of labor and its correlation to the production function.