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nadezda [96]
3 years ago
11

Suppose the wage increases to ​$200.00200.00 but that the firm chooses to keep using the same amount of labor and capital to pro

duce 200 units of output. Given this new set of factor prices ​(w​'equals=​$200.00200.00​, requals=​$100.00100.00​), how much have costs changed if the set of input choices remains at point​ A? ​$nothing. ​(Enter a numeric

Business
1 answer:
tekilochka [14]3 years ago
6 0

Question:

The question is incomplete. See the complete question below and the graph.

You are given the following data;

Cost = C = $12,000.00

w = $100.00 per unit of labor

r = $100.00 per unit of capital

These data are used to construct the isocost line (C) in the diagram to the right. Suppose the wage increases to $200.00 but that the firm chooses to keep using the same amount of labor and capital to produce 200 units of output. Given this new set of factor prices (w'=$200.00, r = $100.00), how much have costs changed if the set of input choices remains at point A? Enter a numeric response using a real number rounded to two decimal places.)

Answer:

Cost change = $6,000

Explanation:

Given Data:

Cost = C = $12,000.00

w = $100.00 per unit of labor

r = $100.00 per unit of capital

Calculating the cost incurred  at point A using the equation of iso-costline C¹, we have;

C = wl + rk

where;

C = total cost

w = price of labor = $100

l =  labor = 60 unit from the graph

k = capital = 60 unit from the graph

r = price of capital = $100

Substituting into the formula, we have

C = wl + rk

  = 100*60 + 100*60

  = 6000+6000

  = $12,000

For increase in wages(w= $200, r = $100) with same amount of labor and capital, the cost incurred becomes;

C = wl + rk

   = 200*60+100*60

  = 12,000 + 6000

  = $18,000

Therefore,

Cost change = 18000-12000

                    = $6,000

See the attached graph.

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Answer:

a) channel members.

Explanation:

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3 years ago
Topic : Payroll ​<br><br>Please answer as soon as possible.
sashaice [31]

Answer:

1. Vera = $400

2. Colin = $780

3. Messy = $54

4. Goyoh = $5,600

Explanation:

<em>Requirement 1 & 2</em>

<em>1. Vera Dunhill's gross salary - </em>

Hourly income = $10

As she has worked 40 hours for the current week, the gross salary is as follows -

Weekly Income (Gross Salary) = Number of hours worked × Hourly Income

Weekly Income (Gross Salary) = 40 hours × $10 = $400.

<em>2. Colin George's Gross Salary -</em>

Hourly Income = $15

Overtime hourly rate = $15 × 1.5 (for first 4 additional hours) = $22.5

Overtime hourly rate = $15 × 2 (for further additional hours after 4 additional hours) = $30.

As Colin has worked for 47 hours, his gross salary is =

($15 × 40 hours) + ($22.5 × 4 hours) + ($30 × 3 hours)

= $780

<em>Requirement 3 & 4</em>

<em>3. Messy's gross salary - </em>

Peeling guavas at $2 per kilogram. As the Messy has peeled 27 kilogram guavas, his gross salary = $2 × 27 kilogram = $54

<em>4. Goyoh's gross salary -</em>

Basic Salary = $800

Commission = 4% of sales

Current year's sales = $120,000

It means, he will receive the basic salary and commission on sales as a gross salary.

Therefore, Gross Salary = $800 + ($120,000 × 4%)

Gross Salary = $800 + $4,800

Gross Salary = $5,600

For the job purpose, he will receive the basic salary and for the performance purpose, he will receive the commission as well.

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3 years ago
Sparks Corporation has a cash balance of $5,480 on April 1. The company must maintain a minimum cash balance of $5,000. During A
beks73 [17]

Answer:

d) $3,920

Explanation:

The computation of the borrowed amount is shown below:

= Beginning cash balance + expected cash receipts - expected cash disbursements - minimum monthly cash balance

= $5,480 + $56,200 - $60,600 - $5,000

= $3,920

We easily add to the starting cash balance the estimated cash receipts and deducted the expected cash disbursements and the minimum monthly cash balance, in order to get the correct value

5 0
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Suppose the economy is in a liquidity trap. True or false. A monetary contraction will not have any effect on the nominal intere
swat32

Answer:

False

Explanation:

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Marin Company's accounts receivable arising from sales to customers amounted to $88000 and $77000 at the beginning and end of th
anzhelika [568]

Answer:

Marin Company

Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

$345,000

Explanation:

a) Data and Calculations:

Accounts Receivable (Beginning) $88,000

Accounts Receivable (Ending) $77,000

Increase in Cash received from customers = $11,000

b) Income reported on the income statement for the year = $334,000

Increase in Cash received from Customers =                               11,000

Cash flows from operating activities to be reported =           $345,000

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