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yKpoI14uk [10]
3 years ago
5

Use the following to answer questions 3-8: ​ Number of Workers Total Cost 0 1000 1 2200 2 3200 3 4000 4 4600 5 5000 6 5200 7 560

0 8 6200 9 7000 10 8000 If hiring the 4th worker increases total product by 50 units and the price of each unit is $15,​ a. ​the firm should not hire the 4th worker as MRMC c. ​marginal revenue equals $150 d. ​the firm should not hire the 4th worker as MR
Business
1 answer:
Firlakuza [10]3 years ago
3 0

Answer:

Firm should hire the 4th worker as MR > MC.

Explanation:

Here, we are comparing the marginal cost of hiring 4th worker with the revenue generated by the 4th worker.

Marginal cost of hiring 4th worker:

= Total cost with 4 workers - Total cost with 3 workers

= $4,600 - $4,000

= $600

Total revenue generated by the 4th worker:

= Number of units produced by 4th worker × Price of each unit

= 50 × $15

= $750

Therefore, the firm should hire the 4th worker as the marginal revenue of 4th worker is greater than its marginal cost.

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Diane is passionate about soccer and decides to open her own soccer sporting goods store. She invests her money, time, and effor
tigry1 [53]

Answer:

The answer is entrepreneur

Explanation:

Diane showed the trait of an entrepreneur. An entrepreneur is someone who tries to solve a particular problem or challenge by setting up a business. He takes up the risk and tries to fight it in order to be successful because of the passion he has for the business. Entrepreneur also sources for the capital for the business which can be in form of borrowed money or equity contribution.

8 0
3 years ago
Carter & Carter is considering setting up a regional lockbox system to speed up collections. The company sells to customers
barxatty [35]

Answer:

c. $40,000

Explanation:

Reduction in Account Receivables          $500,000

($2,500,000 * 20%)

<u>* Interest rate                                               11%          </u>

Annual saving                                             $55,000

Less: Annual cost of system                     <u>-$15,000</u>

Pretax Net annual savings                         <u>$40,000</u>

4 0
3 years ago
A market might have an upward-sloping long-run supply curve if:
Elan Coil [88]

Answer:

a. firms have different costs.

Explanation:

A market might have an upward-sloping long-run supply curve if

a. firms have different costs.

b. consumers exercise market power over producers.

c. all factors of production are essentially available in unlimited supply.

d. the entry of new firms into the market has no effect on the cost structure of firms in the market.

6 0
2 years ago
You have $3000 per month to cover your expenses. You estimate your monthly costs to be rent of $1200, car expenses of $700, util
kobusy [5.1K]

Answer:

with the student loans you will be over 800

Explanation:

so if you subtract all of that from 3000 you will be in negatives by -800 each month

4 0
2 years ago
Which product would normally be classified as a shopping good or service? multiple choice magazines a laptop computer designer w
12345 [234]

The answer is a laptop computer.

Thus, Laptop computers would be classified as homogeneous shopping products.

What is shopping products?

  • A shopping item may be a sort of item that requires shopper investigate and comparison of brands.
  • Homogeneous and heterogeneous are the two particular sorts of shopping items.
  • Homogeneous items are seen by consumers as exceptionally comparable in nature and the ultimate buy is more often than not decided on the lowest price.
  • If our farmer's feed compactor required substitution, he would seek for the foremost reasonable one.
  • Other illustrations of this sort of shopping item would be apparatuses, such as washers, dryers, or a cooler.
  • A item can be a business item or a buyer item. If the end client of the item is the customer, at that point the item may be a customer item.
  • In the event that the conclusion client could be a commerce, at that point it is categorized as a commerce item.

To know more about shopping products visit:

brainly.com/question/14295891?

#SPJ4

3 0
2 years ago
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