Question

A housecleaning company receives $25 for each house cleaned. The table below gives the relation between the number of workers and the number of houses that can be cleaned per week.

Number of Workers	Houses Cleaned
1 2 3 4 5	9 17 24 30 35

Tip: Develope the following table to assist you in answering these questions:

NUMBER OF WORKERS	TB	TC	NB	MB	MC
1
2
3
4
5

Based on the above info, if the wage rate of a house cleaner is $130, what is the maximum amount of profit the company can earn?
Based on the above info, if the company wants to maximize profit and it hires three workers, the wage rate of a house cleaner can be no more than
Based on the above info, the marginal revenue from the fourth worker is

Answer 1

No. Of workers	TB	TC	NB	MB	MC
1	225	130	95	225	130
2	425	260	165	200	130
3	600	390	210	175	130
4	750	520	230	150	130
5	875	650	225	125	130

A) Maximum profit that he can earn is $230 when 4 workers are employed.

B)when ,3 workers are employed total benefit is $600.if wages is above $200 each company will start facing loses.so $200 is the maximum company can pay.

C) Marginal revenue from fourth worker is $150.