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lara31 [8.8K]
3 years ago
14

Riva crafts and sells hard cider as a part-time job. She can bottle and sell four cases in a week. She is considering hiring her

friend Atul to help her. Together, Riva and Atul can bottle and sell seven cases per week. What is Atul’s marginal product?
Business
1 answer:
Dovator [93]3 years ago
8 0

Answer:

3 cases

Explanation:

Marginal product refers to change in the total output when an additional input is employed. For example, output is 5 units when 2 laborers are employed. When another unit of input i.e 3rd laborer is employed, the output rises to 9 units. In this case marginal product of the 3rd unit of labor would be 9 - 5 i.e 4 units.

In the given case, before Atul is hired, the production was 4 cases per week. After his being hired, it rose to 7 cases per week. Thus Atul's marginal product in the given case would be 7 - 4 i.e 3 cases.

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joja [24]

Influencers refer to people in an organization's buying center who affect the buying decision; they often help define specifications and provide information for evaluating alternatives.

<h3><u>Explanation:</u></h3>

The term influencer refers to the persons who has the power in affecting the decisions related to the purchasing of any product. The decisions that are associated with the purchase made by other persons are influenced by the influencer because of the knowledge, authority, relationship or the position the has with the other person.

In the context of business and marketing, Influencers refers to those people who has the ability in affecting the purchasing or buying decisions. They influence the buying decisions of the audience by providing the information regarding the specifications definitions and also how to evaluate and choose among the different alternatives.

4 0
3 years ago
On January 1, a company issues bonds dated January 1 with a par value of $310,000. The bonds mature in 5 years. The contract rat
Elenna [48]

Answer:

The journal entry for the interest payment is shown below:

Explanation:

Interest Expense A/c........................Dr      $16,098

Premium on bonds payable A/c....Dr    $952

                 To Cash A/c............................Cr    $17,050

Working Note:

Interest expense = Bonds sale value × Market rate

                             = $321,964  × 5%

                            = $16,098

The market rate will be:

= 10 / 2

= 5%

Because it is paid semiannually, so rate is divided by 2.

Cash = Par value  × Contract rate

         = $310,000  × 5.5%

        = $17,050

The contract rate will be:

= 11 / 2

= 5.5%

Because it is paid semiannually, so rate is divided by 2.

3 0
3 years ago
Debbie and Chris are a married couple in California. When they purchase their first home together, they want to make sure that i
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The ownership on the deed has to be recorded as  a community property with right of survivorship.

<h3>What is a community property?</h3>

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Such are assets that were owned during the course of the marriage. Inheritance cannot be regarded as such.

Read more on community property here: brainly.com/question/13139218

8 0
2 years ago
Anita’s take-home pay is $2200 a month. she spends 14% of her take-home pay on groceries. How much is Anita’s monthly grocery bi
irinina [24]

14% of $2200 = $308 is the amount of Anita's monthly grocery bill.

7 0
3 years ago
Bobby decides to sell lemonade on a hot summer day. If Bobby sells 20 glasses of lemonade for $0.20 per cup, and his average tot
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Answer:

c. $0.6

Explanation:

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Total cost = 0,17 * 20 = 3,4

Economic profit = Total income - total cost = 4 - 3,4 = 0,6

4 0
3 years ago
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