Answer:
a. What is the MRP?
marginal revenue product = marginal product of labor x marginal revenue per output unit
MRP = 1,500 packages x $0.10 per package = $150
marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)
The company should add the delivery truck because MRP is higher than MRC.
b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?
MRP = $150 (doesn't change from question a)
MRC = $200 (the cost of renting the delivery truck)
The company should not add the delivery truck because MRP is less than MRC.
c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?
MRP = 750 packages x $0.10 per package = $75
MRC = $100
The company should not add the delivery truck because MRP is less than MRC.
Answer:
The correct answer is: monopolistic competition.
Explanation:
There is monopolistic competition in markets that have many companies offering similar products or services. Restaurants, grocery stores, and clothing stores, for example. Such similar products and services are not ideal substitutes for each other. In these industries the barrier to entry and exit is low.
The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.
<h3>What is meant by opportunity cost?</h3>
This is the term that is used to talk about the foregone alternative. It is what would have to be neglected because of another choice that has to be taken.
What this means is that the money that would have been spent on other aspects of the government was spent on the world cup so the benefits that the people would have gotten from the options are lost.
Hence we can say that The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.
Read more on opportunity cost here
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Answer: a) To estimate the before-tax cost of debt, we need to solve for YTM on the firm's existing debt.
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Explanation:
Your answer is C. Accumulated Depreciation will be credited. :D
