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Ganezh [65]
3 years ago
8

You operate a car detailing business with a fixed amount of machinery​ (capital), but you have recently altered the number of wo

rkers that you employ per hour. Three employees can generate an average product of 4 cars per person in each​ hour, and five employees can generate an average product of 3 cars per person in each hour. What is the marginal product of labor as you increase the labor from three to five​ employees?
Business
1 answer:
NemiM [27]3 years ago
3 0

Answer:

1.5 cars

Explanation:

Three employees can produce a total of:

= 4 × 3

= 12 cars in an hour.

Five employees can produce a total of:

= 3 × 5

= 15 cars in an hour

So, the increase in total product of labor as I increase the labor from 3 to 5 employees:

= Total product when 5 employees are hired - Total products when 3 employees are hired

= 15 - 12

= 3 cars.

So, the marginal product of moving from 3 to 5 workers:

= 3 ÷ 2

= 1.5 cars

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North Dakota Electric Company estimates its demand trend line​ (in millions of kilowatt​ hours) to​ be:
Karolina [17]

Answer:

90.3 ; 157.4 ; 176.9 ; 79.9

Explanation:

Given that:

Estimated demand trend line (in millions of kilowatt hour) for North Dakota Electricity company is :

D​ = 80.0 ​+ 0.45​Q,

Q = quarter number

Quarter Factor​ (Index)

Winter 0.72

Spring 1.25

Summer 1.40

Fall 0.63

In year 26​ (quarters 101-104):

Energy use (E) for each quarter = (Demand * quarter factor)

Winter ; Q = 101

E = [80.0 ​+ 0.45​(101)] * 0.72 = 90.3

E = [80.0 ​+ 0.45​(102)] * 1.25 = 157.4

E = [80.0 ​+ 0.45​(103)] * 1.40 = 176.9

E = [80.0 ​+ 0.45​(104)] * 0.63 = 79.9

6 0
2 years ago
Randy agreed to join a biology study group. When the study group leader gave him her phone number, he had nothing on which to re
NARA [144]

Answer:

Rehearsal

Explanation:

The process Randy used to encode the number into longer-term memory is called rehearsal

4 0
2 years ago
The government of Junta took Fuel Safe Corp., a domestic energy firm, into state ownership to save the company from bankruptcy.
Elenna [48]

Answer:

These are the options for the question:

market-based

communist

command

laissez-faire

mixed

And this is the correct answer:

mixed

Explanation:

A mixed economy is an economy that either:

  • Mixes state intervention with a free-market economy.
  • Has some sectors of the economy run in market-based style, and other sectors in a planned-style.
  • Has coexistence of public enterprises and private enterprises.

In the question, we have an example of a mixed economy because in the energy sector (a crucial sector in any economy), there is one public company competing against private companies.

The economy becomes even more mixed when the government lowers the tax rates of the private companies, so that both the public firm and the private firms compete under the same conditions.

8 0
2 years ago
Sophie's credit card has an APR of 19 percent. What is the periodic rate?
In-s [12.5K]

Her daily periodic interest rate is 0.05%, her monthly periodic interest rate is 1.58%, and her semiannually periodic interest rate is 9.5%.
APR stands for the annual percentage rate of an interest rate of a person. The periodic interest rate is the portion of an annual percentage rate based on a specified period such as daily, monthly, and semi-annually. The Periodic interest rate is calculated by dividing the APR by the specified period such as 365 for the daily period, 12 for the monthly period, and 2 for the semi-annual period<span>.</span>
3 0
2 years ago
The preemptive right is important to shareholders because it a. allows managers to buy additional shares below the current marke
love history [14]

Answer:

C. protects the current shareholders against a dilution of their ownership interests.

Explanation:

Preemptive rights are rights given to shareholders in an organization allowing them to buy additional shares in any future issue in order to maintain their percentage ownership, before the shares are available to the general public. It guards against dilution or decrease in a shareholders stake or ownership interest buy allowing them buy more shares for future issues before it is available for the general public to own shares. In doing so, shareholders avoid involuntary dilution.

6 0
3 years ago
Read 2 more answers
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