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pshichka [43]
3 years ago
14

Austin's total fixed cost is $4,200. austin employs 30 workers and pays each worker $160. the average product of labor is 2, and

the marginal product of the last worker hired is 8. what is the marginal cost of the last unit produced by the last worker austin hired?
Business
1 answer:
3241004551 [841]3 years ago
5 0

Answer:

$20

Explanation:

Given that,

Total fixed cost = $4,200

Number of workers employs = 30

Wages = $160 per worker

Average product of labor = 2

Marginal product of last labor hired = 8

Marginal cost refers to the additional cost that has occurred to produce the additional unit of a commodity.

Here, from the given information, we can calculate the marginal cost of the last unit produced by the last worker is as follows:

= Wages per worker ÷ Marginal product of last labor hired

= $160 ÷ 8

= $20

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Mary and Sam are the only two growers who provide organically grown corn to a local grocery store. They know that if they cooper
evablogger [386]

Answer:

Explanation:

Base on the scenario been described in the question, if raj is sure that Mary will cooperate, then the possible outcomes of Raj's is $200 and $150 .

If Mary thinks that Raj will cheat and work independently, then Mary will also cheat and work independently because if cooperate and Raj cheats, then Mary will not have anything.

6 0
3 years ago
Suppose a stock had an initial price of $58 per share, paid a dividend of $1.90 per share during the year, and had an ending sha
posledela

Answer: Dividend yield is 3.3%

Capital gains yield is 17.24%

Explanation:

Dividend yield is given as the ratio of annual dividend per share and stock's price per share.

Dividend per share = $1.9

Share price = $58

Dividend yield = 1.9/58 = 0.033 or 3.3%

Capital gain yield is the appreciation in the price of a stock expressed as a percentage.

Capital gain yield = (current price – original price) / original price x 100

Current price = $68

Original price = $58

CGY = (68-58)/58 * 100 = (10/58)*100 = 17.24%

4 0
3 years ago
The Federal Reserve carries out open-market operations, buying $2 million worth of Treasury Bills from banks. This action increa
klemol [59]

Answer:

67%

Explanation:

Money supply = Money multiplier * Deposit worth

3 = Money multiplier * 2

Money multiplier = 3/2

Money multiplier = 1.5

Now, Money multiplier = 1 / Reserve ratio

1.5 = 1 / Reserve ratio

Reserve ratio = 1/1.5

Reserve ratio = 0.6667

Reserve ratio = 67%

So, the percent of deposits the banks hold as reserves is 67%

7 0
3 years ago
In terms of interests in real property, this is not an interest in land but a temporary right to use another's land for a limite
kifflom [539]

Answer:

a leasehold      

Explanation:

Leasehold relates to an accounting phrase for a rented resource. Usually the asset is estate such as a house or storage within a building. The lessee buyouts with the property owner in return for a sequence of planned payouts throughout the lease term, for the lawful right to utilize the estate.

Once a lease agreement is signed, to a degree permitted by the deal, the purchaser or tenant starts to construct the accommodation for its activities. In commercial real estate, leaseholds are much more popular whereby supermarkets as well as other facilities can be constructed on the ground but often occur in housing uses, such as homes and condos.

7 0
3 years ago
Nick has a comprehensive health care policy with a $250 per-calendar-year deductible, an 80% co-insurance provision, and a $1,00
VikaD [51]

Answer:

Nick  pay maximum $930

so correct option is d. $930

Explanation:

given data

health care policy = $250

co-insurance provision = 80 %

it mean claim to be paid by insurance company = 80%

and claim to be paid by Nick =  20 %

co payment cap = $1,000

claim insurance = $600

company paid  = $280

total bills = $5,000

to find out

How much will Nick have to pay for the second claim

solution

we get first amount to be paid by insurance company and nick  is

amount to be paid by insurance company and nick  = $600 - $250

amount to be paid by insurance company and nick = $350

and

we know here 80% of $350  paid by insurance company

so paid by insurance company  = 80% of $350 = $280

and  paid by Nick = $350 - $280 = $70

so Limit available to co payment = $1000 - $70

Limit available to co payment = $930

so Nick  pay maximum $930

so correct option is d. $930

5 0
3 years ago
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