1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lyudmila [28]
4 years ago
5

Suppose that a firm has only one variable input, labor, and firm output is zero when labor is zero. When the firm hires 6 worker

s the firm produces 90 units of output. Fixed costs of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information, what is the average variable cost of production when the firm hires 7 workers?
a; $12.67
b; $11
c; 81 cents
d; 75 cents
Business
1 answer:
Llana [10]4 years ago
4 0

Answer:

a

Explanation:

variable cost per unit of labour $12.67

You might be interested in
Dynamic Production Services started the year with total assets of $ 130 comma 000 and total liabilities of $ 50 comma 000. The r
Flauer [41]

Answer:

Net Income for the year = $90000

Explanation:

The net income is the function of Revenues less expenses.

The revenue for the year is provided in the question and it amounts to $140000. Similarly the figure for this period's expenses is also available as $50000.

The net income for the year is,

Net Income = Revenue - expenses

Net Income = 140000 - 50000 = $90000

8 0
3 years ago
Which comprised thousands of families, generally each performed a particular economic activity?
ale4655 [162]

The kinship units comprised thousands of families where each performed a particular economic activity. Jati is the Sanskrit name that is given to such kingship units.

Jati is the traditional term used to describe a cohesive group of people in India. This is similar to a tribe, community, clan, sub-clan, or religious section of people. Each Jati has an association with economic activity,  geography, or tribe. Different linguistic groupings and religious beliefs may also define some Jatis.

The Sanskrit word Jati means 'birth.' The term Jati is used for the thousands of clans, families, and communities. This may also refer to a caste within the Hindu family. Madhav Gadgil who is a professor has Jatis as self-governing and closed communities. This was based on the research done by him in ancient Maharastra.

Learn more about kinship units here:

brainly.com/question/14082940

#SPJ4

3 0
2 years ago
If Annie and Andy (each a 30 percent shareholder in a calendar-year S corporation) file a revocation statement on March 20, 2019
Natalija [7]

Answer:

January 1, 2020

Explanation:

An S corporation isalso called small business corporation. It is a type of company that shields its owners in the case of liabilities. The owners are not directly liable for obligations of the corporation.

A calenders year of a company is defined as the fiscal year in which a company makes profit and declares a profit or loss within that time frame.

If shareholders file a revocation statement on March 20, 2019, to terminate their S corporation's S election, they will have to wait till the end of the fiscal year before the S corporation is terminated.

That is on January 1, 2020.

8 0
4 years ago
Given the following values of economic aggregates as a percentage of GNP in the U.S. Find the current account balance and the fi
balu736 [363]

hiiiiiiiiiiiiiiiiiii

8 0
3 years ago
Exercise 4-8 (part level submission) plevin company ended its fiscal year on july 31, 2017. the company’s adjusted trial balance
Lostsunrise [7]

            Service Revenue.................................65000

            Rent Revenue..........................................6000

              To Income Summary.....................................................71000


             Income Summary..........................78900

                  To Depreciation Expense..............................................7000

                  To Salaries Expense.......................................................56400

                   To Utilitites Expense.........................................................15500

Retained Earnings.....................................................................7900

      To Income Summary...............................................................................7900

6 0
4 years ago
Read 2 more answers
Other questions:
  • The broker's commission for certain disclosed buyers is protected by the "holdover clause" in the approved Right-to-Sell Listing
    8·1 answer
  • What is likely to be an individual’s single biggest asset?
    15·1 answer
  • Which modern small-town institution is most like an ancient Sumerian temple in terms of its social power and economic importance
    6·1 answer
  • A receiving department receives copies of purchase orders for use in identifying and recording inventory receipts.The purchase o
    14·1 answer
  • How did the command economy under stalin differ from a capitalist economy?
    15·1 answer
  • When managers organize divisions based solely on the type of customer they focus on, they adopt a _____?
    6·1 answer
  • Giselle wants to buy a condo that has a purchase price of $163,000. Giselle earns $2,986 a month and wants to spend no more than
    8·1 answer
  • You are given the following information concerning Around Town Tours:Debt: 7,500, 6.8 percent coupon bonds outstanding, with 11
    11·1 answer
  • Marin Industries had one patent recorded on its books as of January 1, 2020. This patent had a book value of $201,600 and a rema
    8·1 answer
  • is it right to kick someone out just because they are not on the lease and or had been evicted in the past?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!