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lisabon 2012 [21]
3 years ago
14

suppose the fimrs hires each unit of labor for $700 per week, and each unit of output sells for $9. How many workers will the fi

rm hire to maximize its profit?
Business
1 answer:
rusak2 [61]3 years ago
6 0

Answer:

The question is missing the amount of output units that each additional unit of labor generates, but we can calculate how many units each additional unit of labor should produce in order to maximize profit.

In order for a firm to maximize its profit, the marginal revenue product (MRP) = marginal cost (MC).

MRP = output units per additional unit of labor x price per unit = U x $9

MC = $700

U x $9 = $700

U = $700 / $9 = 77.78, so we round up to 78 units

In order to maximize profit, each additional unit of labor must generate 78 additional units of output.

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Phillip was waiting for a bus at a bus stop. Across the street and down the block, a mechanic negligently overinflated a tire he
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Answer:

D. Lose because the mechanic could not have foreseen injury to Phillip.

8 0
3 years ago
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of
Reika [66]

Answer:

$4 and $4

Explanation:

The computation are shown below:

Per hour cost = Total set up cost ÷ Total direct labor hours

                          = $64,800 ÷ $81,000

                          = $0.8

Now the set up cost would be

= Per hour cost × Direct labor hours per unit

For Plus

= 5 × $0.8

= $4

For Max

= 5 × $0.8

= $4

All other given information is not important. Hence, ignored it

4 0
3 years ago
Question 2 of 10
son4ous [18]

It should be noted that a benefit of contributing to a retirement account is A. The amount of income that's taxable is reduced.

<h3>What is the benefit of retirement account?</h3>

It should be noted that employee contribution can help in reducing taxable income.

Contributions and investment gains won't be taxed until they're distributed.

Therefore, the benefit of contributing to a retirement account is the amount of income that's taxable is reduced.

Learn more about retirement on:

brainly.com/question/25707827

6 0
2 years ago
The use central bank policies to influence the level of economic activity is called
Akimi4 [234]
<span>The term "monetary policy" refers to what the Federal Reserve, the nation's central bank, does to influence the amount of money and credit in the U.S. economy. What happens to money and credit affects interest rates (the cost of credit) and the performance of the U.S. economy.</span>
8 0
3 years ago
Lego, Inc., issued common stock in Year 1. It issued 10,000 shares of 8%, $100 par value cumulative preferred stock for $110 per
Arisa [49]

Answer: $160,000

Explanation:

Given the following:

Par value = $100

Rate of Dividend = 8% = 0.08

Number of shares = 10,000

Preferred Dividend is calculated thus:

Par value * rate of Dividend × number of preferred stock

$100 × 0.08 × 10,000 = $80,000

Since year 4 Dividend wasn't paid

Total year 5 Dividend equals:

(Year 4 Dividend + year 5 dividend)

$(80,000 + 80,000) = $160,000

5 0
3 years ago
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