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3 years ago

Economic studies have generally found that professional sports players have salaries that

Business

1 answer:

Rudiy273 years ago

4 0

Answer:

should be equal to their marginal revenue product.

Explanation:

This applies to basically all employees that work in competitive markets, their salaries should equal their marginal revenue product.

An employee's salary = the market value of hiring the employee = marginal revenue product

The formula for calculating marginal revenue product = marginal physical product x marginal revenue

where:

marginal physical product = extra units produced by the employee
marginal revenue = price of the units produced

For example, a new employee can produce 100 units per day and each unit is sold at $0.75, therefore the employee's marginal revenue product = 100 units x $0.75 per unit = $75 per day

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By definition, _____________ is the activity, set of institutions, and processes for creating, communicating, delivering and exc

ANTONII [103]

Answer:

The correct answer is E

Explanation:

Marketing is the procedure or the process of interesting the potential customers or consumers as well as the clients in products or services. In short, it is the procedure which involves distributing, promoting, selling and researching the services or the products.

Therefore, the marketing is the set of institutions, activity and the processes for communicating, delivering and creating that value for the clients, society and customers at huge.

4 0

3 years ago

Ellen purchased a dishwasher, which cost $315 before the 9. 22% sales tax. She used the machine an average of 10 times per week

antiseptic1488 [7]

Cost is the amount of spending on a product or service. The lifetime cost of the dishwasher was $1029.8 which is $1030 approximately.

Cost is the amount incurred on acquiring a product or using a service. Cost is the value of the product or service.

The lifetime value of an asset is the total expense incurred on the asset from acquisition till disposal.

The lifetime cost of the dishwasher will be the sum of its cost, sales tax, and water and electricity charges for 6 years.

The water and electricity charges are $0.09 and $0.13 per use. The total number of times the dishwasher is used can be calculated as:

The number of use per week are 10, number of weeks in a year are 52, and number of years of use are 6.

$\rm Number\:of\:uses = 10\:times\times 52\:weeks\:\times6\:years\\\\\rm Number\:of\:uses = 3120\:times$

Therefore, the water and electricity charges will be:

$\rm Water\:charges = 3,120 \times \$0.09\\\\\rm Water\:charges = \$280.08\\\\\rm Electricity \:charges = 3,120\times \$0.13\\\\\rm Electricity \:charges = \$405.60$

The cost of the dishwasher will be a combination of its purchase price and sales tax. Therefore:

$\rm Cost\:of\:dishwasher = \$315 + 9.22\%\\\\\rm Cost\:of\:dishwasher = \$344.043$

The lifetime cost of the dishwasher will be:

$\rm Lifetime\:cost\:of\:dishwasher = \$344.043 + \$280.08 +\$405.60\\\\\rm Lifetime\:cost\:of\:dishwasher = \$1029.7\\\\\rm Lifetime\:cost\:of\:dishwasher = \$1030 (approximately)$

Therefore the correct option is A.

Learn more about cost here:

brainly.com/question/4557688

8 0

2 years ago

The purpose of a budget is to

galina1969 [7]

The purpose of a budget it to help you achieve your short-term and life-span goals

6 0

3 years ago

Read 2 more answers

Aaron Company has 80,000 shares of $10 par common stock outstanding. On May 25, Aaron Company declared a $1.50 cash dividend. Th

Finger [1]

Answer:

a.a debit to Cash Dividends for $120,000.

Explanation:

The amount of dividend paid is dependent on two function; the number of shares and the amount declared for payment per share.

When it is paid, a credit is posted to cash account and the corresponding debit is posted to the dividend paid account.

As such, since the company has 80,000 shares and the declared dividend was $1.50,

Total dividend paid = $1.50 × 80000

= $120,000.

Hence cash dividend is debited with $120,000 on payment.

3 0

3 years ago

Starbucks' efforts to expand its distribution beyond traditional outlets, including other restaurant chains, hotels, airlines, u

sweet-ann [11.9K]

Answer: False

Explanation:

Starbucks efforts to expand have yielded fruit as it is now more accessible to its ever increasing customer base which is as a result of the brand's recognition and reputation.

They are now more successful as a result and this is proven by the fact that Starbucks revenue has been rising since 2013 from around $14 billion to $26.5 billion in 2019.

8 0

3 years ago