If Baldwin currently pays his employees with $50/hour and he promised to give an additional performance bonus of 0.25% if the productivity goals are reached. Assuming that he has 500 employees, he needs to pay his employees:
$50 * (1+0.0025) = $50.125/hour will be the new rate of each employee,
if he has 500 employees:
500 * $50.125 = $25,062.50
He has to pay a total of $25,062.50 per hour in total.
Answer: The correct answer is "c. lower its price."
Explanation: In this type of market, the monopoly company can determine the market price or the amount of production that maximizes its profits, but cannot determine the price or quantity at the same time, because, for example, if the company defines the price of sale, the demand will be the one that indicates the magnitude of the quantity to buy. But if the monopolist determines the quantity, the demand will determine the price at which it wishes to be acquired. In any case, the election of the monopolist is limited by market demand.
The price may go down if the monopolist tries to sell more.
Answer:
Explanation:
The consumption of one more bottle of soda an increase in the total utility = 50 utils
Purchasing an additional bottle of soda Kathy = consumption of three cheeseburgers.
Loss from consuming three cheeseburgers = -75 utils
To gain a bottle of soda, Kate must lose 3 cheeseburgers.
If Kathy consumes one more unit of soda her total utility = 50 - 75
= -25 utils.
There will be a loss in the total utility = 25 utils.
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Hope this helped you out! :-)
Answer:
$414,000
Explanation:
Product Cost Market
A <u>$135000</u> $142000
B $94000 <u>$90000</u>
C <u>$189000</u> $191000
When a company uses the lower of cost or market rule in order to report their inventory level, they must calculate it based on which is lower, the purchase cost or the market value.
In this case, the company should report products A and C at cost (which are lower than market value), but it should report product B at market value because it's lower.
ending inventory = $135,000 + $90,000 + $189,000 = $414,000