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evablogger [386]
3 years ago
11

Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband william to work for her. Together

kate and william can arrange 35 bouquets per day. What is william’s marginal product?
Business
1 answer:
Grace [21]3 years ago
4 0

Answer:

Marginal product is the addition to the number of goods produced when 1 worker is added to the workforce. In this case one worker will be added to the workforce if William is hired. When will is hired the bouquets per day increase from 20 to 35. This means that the addition to the number of bouquets is 15(35-20). So When William is hired the number of goods increase by 15 which means William's Marginal product is 15.

Explanation:

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ACNielsen conducts weekly surveys of television viewing throughout the United States. The ACNielsen statistical ratings indicate
chubhunter [2.5K]

Answer: The answers are given below

Explanation:

A. What is the ACNielsen organization attempting to measure?

ACNielsen organization attempting to measure the Television Rating Point of the major television network. The TRP helps us to know the programmes that the viewers watch the most.

B. What is the population?

The population will have to be the viewers who watch the programmes and the television networks in the United States.

C. Why would a sample be used for this situation?

Sampling is when few people are selected from a larger population in order to carry out an experiment. In this situation, sampling is required because gathering data from the larger population will be time consuming and costly.

D. What kinds of decisions or actions are based on the ACNielsen studies?

A new strategy can be devised by the television networks of they know the number of people or the particular age group who normally watches the programmes, then they can tune their strategy towards that direction.

4 0
2 years ago
Jasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% are for cash. Credit sal
kaheart [24]

Answer:

Jasper Company

Cash Receipts Budget for April, May, and June:

                                        April             May              June               Total

Cash Sales 30%         $157,500      $160,500      $168,000        $486,000

Credit Sales 70%         400,000       367,500        374,500         1,142,000

Total                           $557,500    $528,000     $542,500     $1,628,000

Explanation:

1. Cash Receipts Budget shows the estimated cash receipts from customers and other sources.

2. Calculations:

a) Cash Sales for April = 30% of April Sales = 30% * $525,000 = $157,500.  The difference of 70% is received in May.

b) Sales received on account for April = 100% of Accounts Receivable = $400,000.

c) Cash Sales for May = 30% of April Sales = 30% * $535,000 = $160,500.  The difference of 70% is received in June.

d) Cash Sales for June = 30% of April Sales = 30% * $560,000 = $168,000.  The difference of 70% is received in July.

3 0
3 years ago
results from the lessening of trade barriers and the increased flow of goods and services, capital, labor, and technology around
daser333 [38]

Answer:

A.Economic integration

Explanation:

Economic Integration is a trade agreement that exists among countries within the same geographic location which includes reduced or removing tariffs and other trade barriers so that there will be free flow of certain goods and services coupled with other factors of production within the region. This is important because it helps to reduce the cost involved in trade and making goods and services available within member state. This agreement is also known as regional integration because it exist between nations in the same region. For example economic integration between West African States.

5 0
3 years ago
There is a 4 percent error rate at a specific point in the production process. If an inspector is placed at this point, all the
Vsevolod [243]

<u>Solution and Explanation:</u>

The given data is as follows:

Error rate = 4%, per hour payment of inspector = $8, inspection of units = at the rate of 49 per hour, cost = $9 per unit

The problem can be solved as considering an opportunity to have an improvement of 4% in the quality.

In case inspector is not hired then it will cost .04 multiply 9= $.3.6 per unit and in case the inspector is hired it will cost $ 0.163 approx.(8 divided by 49).

Therefore, on comparison, it is recommended to hire the inspector.

8 0
2 years ago
Which tool of monetary policy allows the Federal Reserve to decrease the
mihalych1998 [28]
It's D. Increasing the reserve requirement on banks
6 0
2 years ago
Read 2 more answers
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