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2 years ago

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that:________

1 answer:

7 0

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that marginal physical product is negative.

What is the change in total output that results from hiring one additional worker?

The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

Learn more about marginal product of labour: brainly.com/question/16690539

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On July 1, 2004, Gee, Inc. leased a delivery truck from Marr Corp. under a 3-year operating lease. Total rent for the term of th

disa [49]

Answer:

$9,000

Explanation:

Given:

Date on which the delivery truck has been leased = July 1, 2004

Total rent for the lease = $36,000

Total operating lease time = 3 years

Thus,

Per year lease amount to be paid = $36,000 / 3 = $12,000

Payable amount as:

12 months at $500 = $6,000

12 months at $750 = $9,000

12 months at $1,750 = $21,000

Now,

on June 30, 2006 year of lease has been completed

therefore, the total revenue to be received by the Marr corp. on June 30, 2006 will be:

$12,000 × 2 = $24,000 should be received by the June 30, 2006

but,

The actual amount received during 2 years duration

= 12 months at $500 + 12 months at $750

= $6,000 + $9,000

= $15,000

Therefore,

The amount to be reported in the rent receivable on June 30, 2006

= total revenue to be received - actual amount received

= $24,000 - $15,000

= $9,000

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3 years ago

What role does an entrepreneur play in the making of goods and services? A. The entrepreneur provides the labor for a business.

Mars2501 [29]

The correct option is C.
The entrepreneur is the one who brings together all the factors of production and organize them into a working business entity. The entrepreneur provides the capital needed for the business, hire laborers to work in the business and provide all the equipment and the raw materials that the business requires.

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2 years ago

Read 2 more answers

Why should you avoid the use of sarcasm , cliches, and idioms in business letters?

Anni [7]

Answer:

a. because their use does not meet business English standards.

Explanation:

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3 years ago

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3 years ago

dditional Information Accrued sales salaries amount to $2,400. Prepaid selling expenses of $2,100 have expired. A physical count

saul85 [17]

Answer:

A) Adjusting entries:

Dr Sales salaries expense 2,400

Cr Sales salaries payable 2,400

Dr Selling expenses 2,100

Cr Prepaid selling expenses 2,100

Dr Cost of goods sold 3,700

Dr Merchandise inventory 3,700

B) prepare the closing entries

Dr Sales revenue 550,900 (net = $557,000 - $19,900 - $6,200)

Cr Income summary 550,900

Dr Income summary 484,200

Cr Cost of goods sold 239,700 (net = $236,000 + $3,700)

Cr Sales salaries expense 62,400 (net = $60,000 + $2,400)

Cr Selling expense 44,100 (net = $42,000 + $2,100)

Cr Utilities expense 21,000

Cr Administrative expense 117,000

Dr Income summary 66,700 (= $550,900 - $484,200)

Cr Retained earnings 66,700

Dr Retained earnings 45,000

Cr Dividends 45,000

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2 years ago