Answer: The correct answer is the first statement.
Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.
<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>
Answer:
An intrapreneur
Explanation:
An intrapreneur is an employee who is granted the permission to make a new commodity without having to be worried if the product will actually become a source of profit for the company. Unlike an entrepreneur, who encounters personal risk when a product fails to yield profit , an intrepreneur will continue to receive a salary even if the product does not make it to production.
However, an intrapreneur has full access to the resources and capabilities of the organisation.
Answer and Explanation:
<u>Psyche</u>
a b a×b
Years Net income PVF at 8% Goodwill
1 to 5 140000 3.99271 558979.4
Answer:
A. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.
Explanation:
$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.
Answer:
$20
Explanation:
Given that,
Total fixed cost = $4,200
Number of workers employs = 30
Wages = $160 per worker
Average product of labor = 2
Marginal product of last labor hired = 8
Marginal cost refers to the additional cost that has occurred to produce the additional unit of a commodity.
Here, from the given information, we can calculate the marginal cost of the last unit produced by the last worker is as follows:
= Wages per worker ÷ Marginal product of last labor hired
= $160 ÷ 8
= $20
