if the average product of each worker is 20 units, and the wage rate is $100 per employee, what is the average variable cost of producing 100 units?

answer: 590

step-by-step explanation:

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get

chemists are often responsible for designing a chemical reaction and analyzing the products obtained from it. one significant part of designing a chemical reaction is determining the amount of each reactant that is needed and the amount of each product that will be produced. in order to do so, chemists use stoichiometry, the quantitative relationships between reactants and products.