<u>When the average product of labor is decreasing, the marginal product of labor is less than average product of the labor.</u>
Explanation:
whenever the marginal product of labor is greater than the average product of labor the average product of labor must be increasing.
Average Product of labor is defined as the total output that a firm produces divided by the amount of workers required to produce that output.
Marginal Product of Labor is defined as the additional output produced by a firm because of hiring extra workers .
Production function is defined as the inputs used by a firm and the maximum output a firm can produce by employing those inputs
<u>Thus we can say that When the average product of labor is decreasing, the marginal product of labor is less than average product of the labor.</u>
Answer:
c. producers
Explanation:
Since it is given in the question that the price elasticity of demand is relatively elastic but the price elastic of supply is relatively inelastic but if the excise tax is imposed on the goods so the greater burden of the tax would be on the producers as the supply is inelastic so the producers could not changed much but if we compare to the consumers, the consumer could change the demand more than before due to the elastic in demand.
So, the correct option is c.
Answer:
$124,000 is the correct answer if we use 6% which is the correct question scenario. If we take 7% then its
Explanation:
The cash dividend announced is $160,000. Remember the first payment goes to preferred shareholders and then the amount left would be distributed among the ordinary shareholders.
The dividend share of Preferred shareholders = 6000 shares * $100 par value * 6% fixed rate = $36,000
After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:
Share of Dividend of ordinary shareholders = $160,000 - $36,000
= $124,000
Similarly if we use 7% fixed rate, then
The dividend share of Preferred shareholders = 6000 shares * $100 par value * 7% fixed rate = $42,000
After deducting this amount from the dividend announce will go to ordinary shareholders and is calculated as under:
Share of Dividend of ordinary shareholders = $160,000 - $42,000
= $124,000
