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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.

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In the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical
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Explanation:

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3 years ago
Diminishing returns are a reason that fixed costs remain constant. the marginal cost curve is upward sloping. the average fixed
Molodets [167]

Answer:

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4 0
3 years ago
Joanna Grimshaw makes an hourly rate of $12.50, and she works 40 hours per week. Her boss offers her a promotion to a salaried p
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Answer:

$175 more

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TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of th
Rama09 [41]

The selling price of one unit of products less the variable manufacturing expenses is the contribution margin per unit. The amount that each sale contributes to covering fixed costs is known as the contribution margin per unit. It will show the profit per unit sold once the fixed costs have been paid.

<h3>How to find the Contribution margin per unit and Contribution margin per welding hour?</h3>

Computation of Contribution margin per unit (Assuming Direct Labor exists Fixed cost)

Manufactured

Purchased WVD drums  WVD drums    Bike frames

Selling price                            $233.00 $233.00 $344.00

Variable costs:  

Direct materials                      $201.00 $52.10 $112.00

Variable manufacturing overhead $0.00 $1.35 $1.90

Variable selling and administrative  $0.75  $0.75  $3.40

Total variable cost                          201.75  54.2 $117.30

Contribution margin per unit $31.25 $178.80 $226.70

Computation of Contribution margin per welding hour

Manufactured

                                                   WVD drums        Bike frames

Contribution margin per unit          $178.80              $226.70

Welding hours per unit                         0.4              0.5

Contribution margin per welding hour   $447.00      $453.40

Ranking                                                     2                 1

To learn more about contribution margin per unit refer to:

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