Answer:
A reduction in average product by 0.01
Explanation:
Current number of workers = 200
Average product of labor = 10 Custom Vans per worker per week
Average product is given as : TP/N
Where TP is the total product and is Unknown, N is the number of workers and it is equal to 200.
Therefore TP = 200*10 = 2000
Marginal product (MP) of labour = 8 custom vans per worker per week.
Hiring additional worker will increase total product (TP) by 8.
New average product = (2000+8)/(200+1) = 2008/201
New AP = 9.99
So hiring an additional product will reduce average product by 0.01
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Chef City projects sales of 625 10-inch skillets per month. The production costs are $5 per skillet for direct materials, $2 per skillet for direct labor, and $3 per skillet for manufacturing overhead. Chef City has 60 10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 25% of the next month's sales. Selling and administrative expenses for this product line are $1,000 per month. Chef City is budgeted to produce 721 skillets in July with a $10 production cost per skillet.
COGS= units sold* manufacturing cost
COGS= 625*10= 6,250
Answer:
It will take Average of 5 days waiting time in the warehouse.
Explanation:
Inventory per day = 200 pallets
Total occupies pallets = 1,000 pallets
Use following formula to calculate average waiting time in the warehouse
Average wait time spent in warehouse = 1,000 / 200 pallets per day
Average wait time spent in warehouse = 5 days
It will take Average of 5 days waiting time in the warehouse.
<span>IOE stands for Internet of Everything. It is a network in which every device is connected and has own IP address.
In order to diagram the new logical topology of the equipment storage facility and of the parking facility for the service trucks the network administrator should include in the new topology </span><span>the IP addresses of the controllers and aggregators for the RFID system.
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The market mechanism benefits society by ensuring that: <span>scarce resources are channeled into products most desired by society
Market mechanism determines which products stays or go by relying purely on the force of supply and demand. If the products are desired by the customers, the producer will always keep up with the demand in order to rake in the potential profit.</span>