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Taya2010 [7]
1 year ago
13

A firm can produce 1,000 bushels of wheat per year with two workers or 1,300 bushels of wheat per year with four workers. The ma

rginal product of the 4th worker is _____ bushels. {Hint: Find the formula for MP.]
Business
1 answer:
WINSTONCH [101]1 year ago
4 0

The marginal product of the fourth worker is 150 bushels of wheat.

<h3>What is the marginal product?</h3>

Marginal product is the change in the total product of labour when labour is increased by one unit.

Marginal product = change in output / change in labour

change in output = 1300 - 1000 = 300

change in labour = 4 - 2 = 2

300 / 2 = 150

To learn more about marginal product, please check: brainly.com/question/13623353

#SPJ1

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If you put $2,620 in a savings account and make no further deposits, what type of calculation would provide you with the value o
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3 0
3 years ago
Raven Company has a target of earning $71,900 pre-tax income. The contribution margin ratio is 25%. What amount of dollar sales
VMariaS [17]

The number of dollar sales to be achieved to reach the goal is $287,600

<h3>What is a dollar?</h3>
  • The official money of the United States of America is the USD (United States dollar).
  • One hundred cents make up one dollar, often known as the U.S. dollar. It is distinguished from other currencies based on the dollar by the symbol $ or US$.
  • The U.S. dollar, which is considered a standard, is the most widely used money in transactions globally. In addition, it is used as the official currency in several regions outside of the U.S., while many others use it alongside their own as an unofficial currency.

We have the following details:

Fixed Cost = $ 39,800

Earning Required = $71,900

Hence

Contribution Required= Fixed Cost+Earning Required

Contribution Required = ($39,800+$71,900)

Contribution Required = $ 111,700

We use then the following formula:

Contribution Margin ratio = Contribution Margin/Sales

25%= $ 109,900/Sales

Sales = $ 109,900/25%

Sales = $287,600.

The number of dollar sales to be achieved to reach the goal is $287,600

To learn more about dollar with the given link

brainly.com/question/14982791

#SPJ4

5 0
1 year ago
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