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Varvara68 [4.7K]
3 years ago
15

Henry bakes loaves of bread, which he sells for $4 each. He is considering purchasing additional mixers (capital) for his bakery

. Each additional mixer has the productivity described below. Fill in the “Marginal Product,” “Total Revenue,” and “Marginal Revenue Product” columns. Assume this is a perfectly competitive market.
Capital (mixers) Product (loaves of bread) Product(loaves of bread) Price (dollars) Revenue (dollars) Revenue Product (dollars)
0 0 — $4 $0 — 1 8 4 $ 2 20 4 3 28 4 4 34 4 5 38 4 6 40 4 7 41 4

Business
1 answer:
babunello [35]3 years ago
6 0

Answer: The complete table is as follows:

Explanation:

The following are the formulas for calculating marginal product , total revenue and marginal revenue product:

Marginal product = \frac{Change\ in\ Total\ Product}{Change\ in\ Capital}

Total revenue = Price × Quantity

Marginal revenue Product = Marginal product × Price

By using these formulas, I have completed the following table:

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Suppose that the government of Ping's country hears of the working conditions and the country seizes the Quality Dragon plant wh
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Answer: a. expropriation

Explanation:

Expropriation happens when privately owned property are forcefully taken by government for it to be used by the general public. It is an act of depriving people of their right to property, although expropriation is to the advantage of the general public. In most countries especially in the US expropriation occurs when there is a need to embark on certain infrastructural project such as airports, railroads, etc.

6 0
3 years ago
Market economies operate on the principle of supply and demand.
asambeis [7]
I think that the stament given above is true, as this principle <span>lets business survive or fail without much interaction from the government.</span>
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3 years ago
Tentacle Television Antenna Company provided the following manufacturing costs for the month of June. Direct labor cost Direct m
Temka [501]

Answer:

C. $65,800

Explanation:

Fixed csot: those which do not change for a relevant range with the production output. They aer constant.

Factory insurance                  21,000        

Factory insurance                  13,000

Factory manager's salary     10,800

Janitor's salary                        5,000

Property taxes:                 <u>      16,000  </u>

    Total Fixed Cost:             65,800

The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.

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6 0
3 years ago
Vijay Inc. purchased a 3-acre tract of land for a building site for $420,000. On the land was a building with an appraised value
PtichkaEL [24]

Answer:

$433,900

Explanation:

The computation of the capitalized cost of the land is shown below:-

Capitalized cost of the land = Purchase price + Demolition of building + Title insurance + Attorney fee + Property taxes covered during the period - Scrap value from the building

= $420,000 + $12,000 + $900 + ($3,000 - $500) - $1,500

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= $435,400 - $1,500

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5 0
3 years ago
Indirect labor includes: (You may select more than one answer. Single click the box with the question mark to produce a check ma
IrinaVladis [17]

Complete Question:

Options:

a) labor of employees working directly on the product

b) labor of the maintenance employees

c) labor of the clerical staff

Answer:

Indirect labor includes:

b) labor of the maintenance employees

c) labor of the clerical staff (factory)

Explanation:

Indirect labor is the cost of labor for all those who contribute to the production of a product, but  indirectly.  These include the labor costs of equipment and factory maintenance employees, factory clerical staff, supervisors, and managers, product inspectors and quality controllers, etc.  The determining factor is the level of involvement: direct or indirect or outside production.  If it is direct or outside production, it is not part of indirect labor.

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3 years ago
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