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Allushta [10]
3 years ago
10

Initially, when a firm hires a fourth worker, its wage rate goes from $80 a worker to $90. The marginal revenue product of the f

ourth worker is $100. Then the government imposes a minimum wage of $90 a worker. If the firm now hires the fourth worker, its profits will
Business
1 answer:
max2010maxim [7]3 years ago
5 0

Answer:

increase by $10.  

Explanation:

The marginal cost of hiring a fourth worker is already $90. This means that any price floor (minimum wage) imposed by the government will not affect this worker or the company because his/her wage was already equal to the new minimum wage.

The firm's profit = marginal revenue product - marginal cost = $100 - $90 = $10.

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Please answer those 3 questions <br> (+ calcul please)
Slav-nsk [51]

Answer

1. D

2. C

3. A

Explanation

1.

To identify the return below is the formula to calculate the Return

Net Return = Current Worth - Total of Purchase

Net Return = $260,000 - $250,000

Net Return = $10,000

Answer 1 = D

2.

below is the formula to calculate Rate of Return

Rate of Return = ( Current Value - Original Value)/Original Value

Rate of Return = ($260,000-$250,000)/$260,000

Rate of Return =

.

Rate of Return = 3.86%

if round off it we found

Rate of Return = 4%

Answer 2 = C

3.

first we need to calculate the what is the value of after the inflation 2.5%

260000 \times2.5\%

$6,500

current worth - inflation amount

$260,000 - $6,500

$253,500

now calculate the rate of return

($253,500 - $250,000)/($253,000)

$3,500/$253,000

1.38%

if we round off 1.38% then we found 1.5%

Answer 3 is A 1.5%

8 0
3 years ago
If the marginal product of labor is increasing, the marginal cost of output must be
SVETLANKA909090 [29]
Your answer would be, If the Marginal Product of labor increases/rises, The Marginal Cost of Output FALLS.



If the Marginal Product of labor Falls, The Marginal Cost of Output RISES.



Hope that helps!!!
4 0
3 years ago
PLEASE ANSWER IM FAILING!
uranmaximum [27]
It’s Levi because it’s clearly written that Levi is a beginner. Hope that works!
8 0
3 years ago
Read 2 more answers
On the basis of this information, which of the following statements is CORRECT? a. Prestopino's cash on the balance sheet at the
mylen [45]

Answer:

b. Prestopino had negative net income in the current year

Explanation:

Retained earnings at the end of previous year were $700,000, but retained earnings at the end of current year had declined to $320,000.

• The company does not pay dividends.

• The company's depreciation expense is its only non-cash expense; it has no amortization charges.

• The company has no non-cash revenues.

• The company's net cash flow (NCF) for current year was $150,000.

On the basis of this information, which of the following statements is CORRECT? Prestopino had negative net income in the current year

Prestopino DECPRECIATION expense in the current year was less than $150,000 and Prestopino had postive net income in the currnet year however, this income was less than it was in the previous year income.

Prestopino NCF in the current year must be higher than its NCF in the previous year and it cash on the balance at the end of the year must be lower than the cash it had on the balance sheet at the end of previous year

8 0
3 years ago
14-2B (Issuance and Retirement of Bonds) StarCenter Co. Is building a new music arena at a cost of $5,600,000. It received a dow
mezya [45]

Answer:

there are no requirements, but I assume that they ask about issuance costs and their amortization:

market price of the bonds:

PV of face value = $5,000,000 / (1 + 10%)²⁰ = $743,218

PV of coupon payments = $400,000 x 8.5136 (PV annuity factor, 10%, 20 periods) = $3,405,440

market price = $4,148,658

Journal entry to record issuance and bond issue costs

January 1, 2013

Dr Cash 4,088,658

Dr Discount on bonds payable 851,342

Dr Bond issue costs 60,000

    Cr Bonds payable 5,000,000

amortization of bond discount and issue costs = ($4,088,658 x 10%) - $400,000 = $8,865.80 ≈ $8,866

allocation to bond issue costs = ($60,000 / $911,342) x $8,866 = $583.71  ≈ $584

allocation to bond discount = $8,866 - $584 = $8,282

Journal entry to record first coupon payment

January 1, 2014

Dr Interest expense 408,866

    Cr Cash 400,000

    Cr Discount on bonds payable 8,282

    Cr Bond issue costs 584

4 0
3 years ago
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