Answer: Option (d) is correct.
Explanation:
Correct option: For the 10th worker, the marginal revenue product is $120 per day.
If she hires 9 workers then the store can sell 200 pounds of produce per day
If she hires 10 workers then the store can sell 230 pounds of produce per day
Extra units produce from hiring 10th worker = 230 - 200 = 30 pounds of produce per day
Store earns = $4 for each pound
Therefore, the marginal revenue product for the 10th worker = selling price of each pound × Extra units produce from hiring 10th worker
= $4 × 30
=$120
Answer:
(the image attached) for the monthly production budget for january through June
Explanation:
1st We will list each month sales
Then, we will calcualte the desired ending inventory as 110% of next month sales:
february sales 2,750
So, January ending inventory: 2,750 x 1.10 = 3,025
And so on with all the months.
Then we subtract the beginning inventory as those units are already produced/ in company's stocks
Giving as a result the units to be produced.
Studying economics can be really boring, because of the amount of technical terms that can be difficult for everyone to understand, but it is important to learn economics as we deal with it in our daily life.
All of our activities are related to economics, as economics is defined as the science that studies the economic process, the distribution of wealth and resources for satisfying human needs and well-being.
Through economics we can understand several variables that impact our lives, such as:
- manage personal finances,
- understand the world's economic scenario,
- understand the news,
- make investments.
Therefore, it is necessary for each individual to have a base of economic knowledge to better understand how and why things happen in the world and how they directly impact our lives.
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Answer:
a. $7,100
b. -$6,400
c. -$13,500
d. -$13,500
Explanation:
The computation is shown below:-
a. Net income
Net income = Cash interest
= $7,100
b. Comprehensive Income = Net Income - unrealized holding loss
= $7,100 - $13,500
= -$6,400
c. Other Comprehensive Income = unrealized holding loss
= -$13,500
d. Accumulated other comprehensive income:
Ending Balance of other comprehensive income = Beginning Balance + During this year
= $0 + (-$13,500)
= -$13,500