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tino4ka555 [31]
1 year ago
14

Peter's Pans sells cooking pans for $30 each. The company

Business
1 answer:
viktelen [127]1 year ago
6 0

The value of the VMP are 600, 570, 540, 510, 480, 450. The total workers to be hired are 4 workers because MRL > wage.

<h3>How to solve for the VMP</h3>

= MP * selling price

  • 20 * 30 = 600
  • 19 * 30 = 570
  • 18 * 30 = 540
  • 17 * 30 = 510
  • 16 * 30 = 480
  • 15 * 30 = 450

This has been computed in the excel file that I have attached to the question.

2. A competitive firm is going to have to hire when the wage is equal to MRPL or MRPL is greater than the wage

based on this the labor of the firm would be at 4 units.

3. Four workers are going to be hired based on the fact that the marginal revenue of the added labor is more than the wage that was paid for the work done.

Read more on marginal revenue here:

brainly.com/question/13444663

#SPJ1

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Answer:

b) Heightened global competition

Explanation:

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So this scenario represents that the global competition is on the peak

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3 0
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If the stadium made $2,150,000 last year for sports events but only made $1,650,000 this year, what is the percentage decrease i
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23% decrease.


We can do this by simply dividing 1,650,000 by 2,150,000. That would give us 0.7674. Multiply that by 100 and you have 76.74%.

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6 0
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Answer:

"Problem recognition" is the correct answer.

Explanation:

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Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand
emmainna [20.7K]

Answer:

Management

Explanation:

Better cash management ensures survival of any firm if well handled and managed.

A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.

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Which of the following approaches can help you mitigate the challenges of poor forecasts? a. Obtain and use the best, most recen
grandymaker [24]

Answer: E. All OF THE ABOVE

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