Question

Ron's woodworking supplies high quality wooden bowls made from exotic hardwoods from around the world for its customers. Ron has hired several employees.

Answer 1

Answer:

they help to bring out knowledge and about various uses

Answer 2

Answer:

Solution: the total number of bowls he has to be made as per the available machinery and the wage rate of the employees and their productivity. If the revenue generated is greater than the additional cost to be paid to employ the workers, it would really benefit him and Ron should hire them. In other words, marginal revenue is greater than marginal cost.