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tino4ka555 [31]
2 years ago
14

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

Business
1 answer:
viktelen [127]2 years 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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Brown &amp; Smith, Inc. engages in the design, development, making, and retail selling of designer jewelry in North America. Bef
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Answer:

rapid prototyping

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3 years ago
What does the Lorenz Curve illustrate about the economy?
Alex_Xolod [135]

Answer:

Lorenz curve can be understood as a graphical representation of distribution of wealth or income among the population in a given economy.

Explanation:

Lorenz Curve was proposed by Max O. Lorenz in the year 1905 to represent inequality in the distribution of income among the given population. This curve illustrates that the distribution of wealth is not equal, where one section of the population has all the wealth or income of the economy and the other section of the population is left with none. Whereas in the case of perfect equality, each section of the population should receive an equal amount of wealth of the economy. This means that N% of the society should always have N% of income and not more and not less than that. Thus, this situation is hypothetical and thus, the idea of the Lorenz Curve comes into consideration.

6 0
3 years ago
The COB Division of Northern Corp. produces and sells a product to both external customers and other Northern divisions. Per-uni
svetoff [14.1K]

Answer:

$425

Explanation:

Data provided as per the question

Direct material = $350

Direct labor = $75

The computation of transfer price should be set is shown below:-

Transfer price should be = Direct materials + Direct labor

= $350 + $75

= $425

Note :- The minimum transfer price shall be "Variable Rate" if there is an excess capacity to produce for internal transfer.

8 0
3 years ago
Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the follow
AlladinOne [14]

Answer:

Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the following is NOT considered when determining excessive trading in a client's account:

C) Length of association with the agent.

Explanation:

  • NASAA stands for The North American Securities Administrators Association that ensure the safety of the investor.
  • The option a, b and d are not correct as the Under the NASAA's statement of policy of dishonest or unethical business practices of broker/dealers and agents, investment objectives of the client, financial status of the client as well as the character of the account are considered.
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