Use the following profit function (per worker) for the Blue Delta Faucet Company to answer this question. P(e) = 40e – (
Posted: Sun Jul 03, 2022 6:55 am
Use the following profit function (per worker) for theBlue Delta Faucet Company to answer this question.
P(e) = 40e – (2e2 + 100)
Note that P = firm profits and e = worker-hours per day.Assume that effort is observed perfectly. At this profit-maximizinglevel of effort for the firm, profits per worker willbe:
a.
$40.
b.
$100.
c.
$300.
d.
$400.
e.
none of the above.
P(e) = 40e – (2e2 + 100)
Note that P = firm profits and e = worker-hours per day.Assume that effort is observed perfectly. At this profit-maximizinglevel of effort for the firm, profits per worker willbe:
a.
$40.
b.
$100.
c.
$300.
d.
$400.
e.
none of the above.