Answer
A. MRP = Change in revenue / Change in Labor
For first worker = 60 + 59 + 58 + 57 + 56 = 290/1 = $290
Since he produces 5 units.
Second Worker = 55 + 54 + 53 + 52 = 216/1 = $174
Since he produces 4.
Similarly,
Third worker = 51 + 50 + 49 = $150
Fourth worker = 48 + 47 = $95
Fifth worker = $46
B. Now all units are charged at $50
First worker = 5*50 = $250
Second = 4*50 = $200
third = 3*50 = $150
and so on.
C. If the wage is $210 it will demand workers until the MRP decreases below 210 and that happens for worker 2 here.
Since he can produce only $200 for $210 wage, he should not be hired. Hence only one worker will be hired here
D. If the wage falls to $97 the demand for workers will increase, again for worker 4 MRP is $100 which is above $97 and worker 5 goes below.
Answer: Emotionally unstable.
Explanation:
An emotionally unstable person finds it difficult to manage their emotions,
they experience mood swings often and they also find it difficult to handle rejection or failure. Emma's constant anxiety and transfer of aggression most times are indicators of emotional instability.
Answer:$687,700
Explanation:
$
Direct Materials 298,700
Add: Direct Labour 132,200
--------------
Prime Cost 430,900
Factory Overhead 264,200
Add: Opening WIP 118,700
Less: Closing WIP 126,100
--------------
256,800
--------------
Cost of Good Manufacture 687,700
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<span>Speedboat is considered to be a luxury good. Income elasticity is considered to be positive with the level of income which means if the income level is higher then the demand for luxury goods will also be higher. In this case, as the income increases, the demand of speedboat will be increased. Hence, speedboat has a positive relation with income elasticity of demand.</span>
