1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gizmo_the_mogwai [7]
3 years ago
12

Zowie! Surfboards has the following production function: Number of Workers Number of Surfboards 1 2 3 4 5 Produced 12 21 29 36 4

2 If surfboards sold for $30 and the nominal wage rate was $200, how many workers would the firm employ?a.5b.3c.4d.2
Business
1 answer:
Gelneren [198K]3 years ago
3 0

Answer:

The correct answer is:

4 (c.)

Explanation:

IN order to decide how many workers will be employed, we will compare the total amount of sales from the total production quantities with the wages, and find the differences between the total sales and wages, the one with the largest amount left over after deduction of wages gives the most profit hence will be the number of workers that will be employed. The calculation is done below as follows:

No. of workers  Qty. of product  sales($30/product)  Wages($200/worker)

1                                       12                            360                             200

2                                      21                            630                             400

3                                      29                           870                             600

4                                      36                           1,080                           800

5                                      42                           1,260                           1000

Next, we will find the differences between the  sales and wages when each set of workers were employed:

No. of  Worker(s)       sales      wage($)      difference (net sales)($)

1                                     360         200              160

2                                    630         400              230

3                                    870         600              270

4                                    1,080       800              280

5                                    1,260       1000             260.

From the table above, the greatest net sales was made when 4 workers were employed, hence the firm will employ 4 workers to make the highest turnover.

You might be interested in
Select the correct answer from each drop-down menu.
OverLord2011 [107]

Answer:

A personal budget provides <u>a detailed account</u> of income and expenses for a <u>period.</u>

Explanation:

A personal budget is a plan of how one intends to spend their income.  It shows the source of income and the total on one side. The expenses are listed on a different side. Each expenditure item is listed and its estimated amount is indicated. The total of all incomes and expenses is shown on their respective sides.

A personal budget may be prepared for a regular income say monthly, weekly, or quarterly payments. It can also be prepared for irregular incomes such as loans, gifts, or bonuses.

7 0
3 years ago
John was driving his car in a careless way, failing to drive as a reasonably prudent person would under the driving conditions.
Ilia_Sergeevich [38]

Answer:

1. <em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>2<em>. If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John which will be $80,000</em>

<em />

Explanation:

In contributory negligence, the defense completely bars plaintiffs from any recovery if they contribute to their own injury through their own negligence.

<em>If this law of contributory negligence applies to the state, then Ramona will receive no compensation for the damages she sustained. </em>

<em> </em>

In comparative negligence, the plaintiff's damages is award by the percentage of fault that the fact-finder assigns to the plaintiff for his or her own injury i.e the plaintiff's damage compensation is reduced by percentage of his/her percentage of fault.

<em>If this law of comparative negligence applies to this state, then Ramona will get 100% - 20% = 80% of the damages incurred in the accident, from John</em>

this is 80% of $100,00 which is equal to <em>$80,000</em>

8 0
3 years ago
A company has the following account balances: Sales revenue $2,000,000: Sales Returns and Allowances $250,000: Sales Discounts $
Naily [24]

Answer:

0.25 or 25%

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = Gross profit ÷ Net sales revenue

where,

Net sales revenue = Sales revenue - Sales Returns and Allowances - Sales Discounts

= $2,000,000 - $250,000 - $50,000

= $1,700,000

And, the Cost of goods sold is $1,275,000

So, the gross profit is

= $1,700,000 - $1,275,000

= $425,000

So, the gross profit rate is

= $425,000 ÷ $1,700,000

= 0.25 or 25%

6 0
3 years ago
Violet, William, and Xavier are partners in a partnership that sells medical devices. Violet and William each contributed $100,0
mafiozo [28]

Answer:

d. purchase the machine because each partner has one vote in management matters

Explanation:

Since in the question it is mentioned that the partners vote whether or not to buy a new machine for $100 so the violet and William would agree on this but Xavier does not agree

Now according to this situation the machine should be purchased as each partner vote is necessary also there is a majority of 2 person to buy the machine

hence, the option d is correct

8 0
3 years ago
  Kameela says that a good choice of wine to pair with cheese is a Zinfandel. Annette says that a better choice to pair with che
Allisa [31]
B both women are correct 
6 0
3 years ago
Read 2 more answers
Other questions:
  • Personnel at a decision point in their careers can receive an overview of their veteran's benefits from what source?
    9·1 answer
  • On the advice of the city attorney, a City Jail Debt Service Fund is opened to account for debt service transactions related to
    7·1 answer
  • Providing worker training on the safe use of the equipment being operated is the responsibility of the:
    6·1 answer
  • Producers will make 4000 refrigerators available when the unit price is $390. at a unit price of $430, 8000 refrigerators will b
    9·1 answer
  • What concept did Alfred Wegener propose in the early 1900s after studying rock formations, fossils, and the climate of Earth? Th
    6·2 answers
  • Which of the following statements about a company’s realized strategy is true? A company’s realized strategy is usually kept sec
    10·1 answer
  • Why Do Organizations not change in response to environmental pressures?​
    5·1 answer
  • The cost of equity is ________. the interest associated with debt the rate of return required by investors to incentivize them t
    6·1 answer
  • In a ________ marketing system, two or more unrelated companies put together resources or programs to exploit an emerging market
    5·1 answer
  • you just saw a video advertisement that shows an interview with a celebrity who says her life changed for the better when she st
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!