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Eva8 [605]
2 years ago
11

Assume labor is the only variable input and that an additional input of labor increases total output from 72 to 80 units. if the

product sells for $6 per unit in a purely competitive market, the mrp of this additional worker is multiple choice $6. $8. $48. $80.
Business
1 answer:
cluponka [151]2 years ago
8 0

Considering that labor is the only variable input and an additional input increases from 72 to 80 units with the product costs of $6 per unit in a purely competitive market, then the mrp of the additional worker is $48.

Solution: (80 x $6) – (72 x $6) = $48

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6 0
2 years ago
Read 2 more answers
Emarpy Appliances Inc. wants to determine the optimal production policy for their best selling refrigerator. The demand for this
monitta

Answer:

Q' = 213.80

Explanation:

P(d): production rate per day = 200

Ic: Installation cost = 120

D: Demand = 8000

D(d): demand rate per day = 32

Uc: Unit cost (holding) = 50

Applying into Production order quantity model formula

Q'= \sqrt{\frac{2*D*Ic}{(1 - \frac{D(d)}{P(d)}) * Uc } }  = \sqrt{\frac{2*8000*120}{(1 - \frac{32}{200})*50 } }  = 213.80

7 0
2 years ago
Name the market structure in which agriculture farming operate​
erica [24]

Answer:

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4 0
3 years ago
Wilson Enterprises applies overhead based on direct labor cost. The company estimates that their overhead for the year will be $
Tcecarenko [31]

Answer:

Applied Overhead is higher than actual overhead. Hence, manufacturing overhead is $ 4,000

Explanation:

Given data:

estimated overhead = $2,40,000

Labor cost =$2,80,000

Direct labor cost = $3,00,000

Overhead\  rate = \frac{Estimated\  Overhead}{Estimated\ direct\ labor\ cost}

                        = \frac{2,40,000}{3,00,000}      

                         = $ 0.80 per direct labor cost      

Applied\ Overhead = Actual\  Labor\ cost\times Overhead\ rate      

                             = $ 2,80,000\times $ 0.80 Per direct labor cost  

                             =$ 2,24,000        

Actual Overhead cost = $ 2,20,000        

Applied Overhead is more than actual overhead. Hence, manufacturing overhead is $ 4,000.

6 0
3 years ago
The largest country in the eu, in terms of population,
laila [671]
The largest country in the EU is Germany. It makes up almost 16% of the European Union's population.
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