Answer:
A) the firm should hire additional workers.
Explanation:
if the marginal production of the tenth worker is 5 units or output and the price of each unit is $4, the the workers total marginal product revenue (MPR) = 5 units x $4 per unit = $20
Since the cost of hiring that tenth worker is $15 (less than MPR), then the company should hire more additional workers until the MRP = labor cost
Answer:
The correct answer is a. increasing globalization.
Explanation:
Globalization is a fact that, today, cannot be denied. Its acceptance is such by society that on many occasions we do not stop to think about what consequences it can have, without going any further, in the area of logistics.
Within the globalization its first consequences can be observed in the fact that logistics operators have become part of the production chain of companies. The new forms of work, of the Just In Time or Just In Sequence type, have meant that many companies cannot have all the necessary infrastructures to be able to maintain these two types of production, since for them a level of technical knowledge and of economic potential, something that not all companies can do. Thanks to that, logistics operators have assumed that role within the Supply Chain while doing supply and distribution tasks, as well as storage, which take care of the moments of greatest tension in the supply chain and They ensure that the merchandise arrives at the right time.
Answer:
Gross profit = $790000
Explanation:
Suppose:
Sales = 1000000
Cost of goods sold = 200000
Actual overhead = 100000
Direct labor used = 15000 hours
Predetermined rate = $ 6 per hour
Computation of gross profit:
Sales = 1000000
less:<u> Cost of goods sold</u> =200000
Add: under applied overhead (w#1) = <u>10000</u>
(<u>210000</u>)
Gross profit 790000
(w#1) Applied overhead = Actual labour hours * predetermined rate
= 15000 * 6 = $90000.
Actual overhead = <u>100000</u>
Under applied overhead 10000
The demand for air travel between two cities doubles. The elasticity of the supply of air travel between these cities will <span>become more elastic, the longer the time since demand doubled</span>. Elasticity is the responsiveness between supply or demand when nothing changes but the price. In this situation, the demand for air travel between two citifies doubled, so, the traveling is elastic because even though the demand rose, so did the price, but the demand didn't start to drop.