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ehidna [41]
3 years ago
7

Tim mows neighborhood lawns for extra money. Suppose that he would be willing to mow one lawn for ​$10​, a second lawn for ​$15​

, and a third lawn for ​$24. Also suppose that three neighbors are interested in having their lawns mowed. Mrs. Jones would be willing to pay ​$31 to have her lawn​ mowed, Mr. Wilson would be willing to pay ​$30​, and Ms. Smith would be willing to pay ​$24. If Tim offers to mow lawns for ​$24 ​each, what will be his producer​ surplus? ​$ nothing. ​(Enter a numeric response using an​ integer.)
Business
1 answer:
Leviafan [203]3 years ago
5 0

Answer:

The producer surplus is $23

Explanation:

Producer surplus: The producer surplus show a difference between the producer willing to supply and the received price

In mathematically,

Producer surplus = (willing to supply -  received price by the consumer)

So,

The producer surplus would equal to

= ($24 - $10) + ($24 - $15) + ($24 - $24)

= 14$ + $9 + $0

= $23

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Assume that a firm spends $500 on two inputs, labor and capital. If the wage rate is $20 per hour and the cost of capital is $25
Zolol [24]

Answer:

D. -4/5

Explanation:

Given that

Wage rate = $20 per hour

Cost of capital = $25 per hour

Recall that,

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Where,

W = wage rate

r = rental cost of capital.

Thus,

Slope of isocost curve

= -(20/25)

= -0.8 or -4/5

Note that, the negative of the ratio is the price of the two inputs. Also isocost is a line showing the various combinations of inputs which cost the same amount.

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2 years ago
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Read the Leading Innovation and Change: Best Practices Case Study and answer the following in the Lesson Forum: What elements of
4vir4ik [10]

The correct answer to this open question is the following.

Although there is no further information about the case of study, we can say that the question possible refers to the case where the name of the company is just "The Client." The name of the document is "Leading Innovation Change - The Kotter Way."  

This case refers to the challenges faced by an organization when it is time to innovate. Many members want to innovate but the culture of the company or the lack of proper leadership from managers often hinders the innovation efforts of the company.

So some of the elements of Kotter's Eight Stages of Leading Change that were included in the case were the following.

Create Urgency. The creation of new products of the company was limited and was not enough to compete in the future. A sense of urgency was needed to implement innovation.

Form a Powerful coalition. The company had to be very selective about the kinds of products that could help it to successfully compete in the future. The company had to use the best it had to establish priorities.

Create a vision for change. It was critical for the company to establish a new vision to get the results it needed. A renovation of the processes to face new necessities was imperative. Change has to be part of every member's mind.

Communicate the vision. This new vision had to be shared through the entire company. The members had to understand the importance of the innovative practices and each and every one of them had to be part of this new mentality.  

6 0
2 years ago
According to goal-setting theory, in order for goals to enhance motivation and performance they must be Multiple Choice recogniz
kow [346]

According to goal-setting theory, in order for goals to enhance motivation and performance they must be: B. accompanied by feedback.

<h3>What is motivation ?</h3>

Motivation is something that  help  to increase a worker or an employee  performance and  productivity.

For a goals which a company what to accomplish to enhance motivation  such goals must depend on the feedback received.

Therefore the correct option  is B.

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4 0
2 years ago
ProTech began business at the start of the current year. The company planned to produce 40,000 units, and actual production conf
xxTIMURxx [149]

Answer:

$230,000

Explanation:

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First step is to calculate the Fixed manufacturing per unit

Fixed manufacturing per unit = $240,000 ÷ 40,000

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Second step is to calculate the per units cost using this formula

Per Unit cost = Sales − Variable costs − Fixed OH

Let plug in the formula

Per Unit cost = $42 − $19 − $7 − $6 = $10 × 37,000

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Absorption-costing= $230,000

Therefore the company's absorption-costing income would be:$230,000

4 0
2 years ago
Nikki loves order and efficiency. She works to make sure that the supply chain is running properly and loves to
Naily [24]

Answer:

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3 years ago
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