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
An agreement to exchange dollar bank deposits for euro bank deposits in one month is a:_________
koban [17]

An agreement to exchange dollar bank deposits for euro bank deposits in one month is a <u>forward transaction.</u>

<h3>What is a forward contract?</h3>

A tailored agreement between two parties to purchase or sell an item at a predetermined price at a later date is known as a forward contract. Although its non-standardized nature makes it particularly suitable for hedging, a forward contract can be utilized for speculating or hedging.

A forward contract can be tailored to a commodity, amount, and delivery date, unlike typical futures contracts. Grain, precious metals, natural gas, oil, and even chicken are examples of traded commodities. Settlement of a forward contract may take place in cash or by delivery.

Forward contracts are categorized as over-the-counter (OTC) instruments because they are not traded on a centralized exchange. While the OTC nature of these products makes it simpler to adjust terms, the absence of a centralized clearinghouse also increases the chance of default.

Thus, it is a forward transaction that is used to exchange dollar bank deposits for euro bank deposits in one month.

For more information on <u>Forward Transaction</u>, refer to the given link:

brainly.com/question/28238316

#SPJ4

8 0
1 year ago
Marin Company's accounts receivable arising from sales to customers amounted to $131000 and $114000 at the beginning and end of
nekit [7.7K]

Answer:

$481,000

Explanation:

To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.

Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .

4 0
2 years ago
Which of the following are examples of career clusters? Select all that apply. PLEASE HURRY​
faltersainse [42]

Answer:

E, C, B

Explanation:

Those seem like they'd be Carrer clusters

4 0
2 years ago
How Each Economic Type Answers<br> the Three Economic Questions
Helga [31]
Uhhh well how much Equity has been profitable and it’s usually around 10 percent
4 0
3 years ago
Suppose that the economy is in a long-run equilibrium at a price level of 100 and full-employment real GDP of $500 billion. An e
Anna35 [415]

Government purchases would need to: decrease by $20 billion.

<h3>What is Marginal Propensity to Consume ?</h3>

Marginal Propensity to Consume (MPC) measures the proportionate rise in the consumption with increase in income or we can say it measures the proportion of extra pay that is spent on consumption of goods and services rather than saving it.

Marginal Propensity to Consume or MPC is dependent on the income level. It may vary with the income levels and it can be seen that the MPC is lower at higher income levels. MPC can be calculated by determining the change in consumption divided by the change in income.

MPC is represented by the consumption line, which is a sloped line that is formed when change in consumption is plotted on the vertical y-axis with change in income on the horizontal x-axis.

This can be illustrated from the following formula.

k = 1/ 1- MPC

Where k = Multiplier effect

MPC = Marginal Propensity to Consume

<h3>How many Types of MPC?</h3>

MPC can be classified into three types, which are

1. MPC more/greater than 1.

2. MPC equal to 1.

3. MPC less than 1.

Thus , we conclude that the amount of government purchases would have to be decreased by $20 billion.

Learn more about Marginal Propensity to Consume on:

brainly.com/question/14310761

#SPJ4

5 0
2 years ago
Other questions:
  • At their regular monthly meeting, a group of local brokers agrees that the introduction of "discount brokerages" in their area w
    7·1 answer
  • In cell g5, construct a formula to calculate the percent of total by dividing the annual total for salaries and benefits by the
    13·1 answer
  • Which part of the management of an organization would be MOST involved with strategic leadership?
    11·1 answer
  • Brainliest + points<br><br> What is bond investment?
    6·1 answer
  • Tracie, working at a research facility in washington
    11·1 answer
  • What are five basic principles found in a free enterprise system?
    8·1 answer
  • When Roosevelt cut spending in 1937, the U.S. economy returned to the abysmal economic status of 1932–1933; yet, despite reversi
    6·1 answer
  • What precautions does the government take to protect money?
    9·1 answer
  • On July 1, 2008, Blitzer Inc. signed a one-year, 6% interest-bearing note payable for $5,000. Blitzer Inc. has a December 31 yea
    11·1 answer
  • Range Economies of Scale Constant Returns to Scale Diseconomies of Scale More than 400 bikes per month Fewer than 300 bikes per
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!