Answer:
is the addition to total output due to the addition of the last unit of an input, holding all other inputs constant.
Explanation:
The marginal product of an input is the change in total output as a result of the change in output by 1 unit
For example, the table below is the total product of labour
amount of labour output
1 10
2 20
3 40
the marginal product of the 3rd worker = (40 - 20) / (3 - 2) = 20
marginal product of the second worker = (20 - 10) / (2 -1 ) = 10
Average output = total output / labour
A traditional cover letter’s format includes an introduction, a body and a closing paragraph.
Answer:
all the given figures are wrong but i explained the correct procedure.
Explanation:
INCOME STATEMENT
Fees earned 17400
Expenses:
Depreciation expense 1300
Insurance expense 400
Supplies expense 3800 5500
Net Income 11900
Therefore, The Net income for the period is $11900.
The answer is capital budget or capital budgeting. This is the procedure in which a business decides and assesses potential costs or ventures that are extensive in nature. These uses and speculations incorporate activities, for example, fabricating another plant or putting resources into a long haul venture. These significant capital purchases are real estate, plant expansions, manufacturing equipment, or technology.
