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FrozenT [24]
3 years ago
5

If a worker can produce 20 units of output which can be sold for $4 per unit, what is the maximum wage that firm should pay to h

ire this worker? $80 minus the firm's profit markup It depends on what the going wage rate is in the labor market. $80 There is insufficient information to answer the question.
Business
1 answer:
Scrat [10]3 years ago
7 0

Answer:

$80

Explanation:

Maximum wage is the maximum amount of money that a firm can pay its worker based on what the worker can produce and generate as revenue to the firm.

Given that the worker can produce 20 units of output which can be sold for $4 per unit, The maximum wage that the firm can pay the worker = output × price per unit output.

Maximum wage the firm can pay the worker = 20 units × $4 per unit = $80

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Which of the following statements is true of entrepreneurs?
Sindrei [870]

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8 0
3 years ago
Read 2 more answers
If the expected path of 1-year interest rates over the next five years is 2 percent, 4 percent, 1 percent, 4 percent, and 3 perc
timofeeve [1]

Answer:A) one year

Explanation: The unbiased expectations theory, also known as the expectation theory aims to estimate how much the short term interest rates will amount to in future. This is based on long term interest rates. Forward rates are used to predict the value of interests in the future based on the values calculated today. A maturity of 1 year has the lowest interest rate because it is not given enough time to grow. Interest rates tend to grow better over a longer period of time. Therefore in terms of expectation theory the longer the maturity the better the chances of interest rate growth.

6 0
3 years ago
The balance sheet identifies the productive resources (assets) that a firm uses to generate income, as well as the sources of fu
docker41 [41]

Answer:

A) True

Explanation:

The Balance Sheet is a snapshot of the financial situation of a company at the end of the accountable period. It shows which productive resources (assets) the company has for the development of its activities and how they are financed. Assets can be financed by external (Obligation with creditors – Liabilities) or internal sources (Issuing equity shares - Shareholders' equity). As every Asset must be financed either or both with Liabilities or Shareholders' equity, in the Balance Sheet, the accountable equation is represented.

5 0
2 years ago
Suppose that the demand and price for a wrist watch are related by the following equation:
Natasha2012 [34]

Answer:

a. $28

b. $19

c. 800 watches

Explanation:

The equation is

p = D(q) = 28 - 2.25

The equation of the demand would be

P = 28 - 2.25q

a. The price would be

= $28 - 2.25 × 0

= $28 - 0

= $28

b. The price would be

= $28 - 2.25 × 4

= $28 - 9

= $19

The quantity demanded is come in hundreds so we take only 4

c. The quantity woul dbe

$10 = $28 - 2.25q

$10 - $28 = -$2.25q

-$18 = -$2.25q

So q would be

= 800 watches

4 0
3 years ago
A corporate bond backed only by a company's promise to pay is called a
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<span>A corporate bond backed only by a company's promise to pay is called a debenture bond. There is no collateral offered and the parties are acting on faith and predictions in this transaction.</span>
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