Answer: A. In equilibrium, each worker is paid is or her value of marginal product of labour.
Explanation:
Marginal productivity of income distribution refers to the additional revenue derived from the marginal unit of product produced and that wages should be equal to the marginal revenue derived from the production of additional or marginal product and this is achieved at equilibrium.
The theory also implies that workers should not be paid below or above the marginal revenue derivable from marginal product which implies they cannot be paid $15 or $40, moreover the product price is not a determinant of wages rate.
Explanation:
Group of answer choices the domestic price of good x will fall
<span>Sophia's purchases are increasing each month by 25%. In September, the purchases were $32000. In October, the purchases will be $40,000. In November, the purchases will be $50,000 which is 25% more than the October purchases of $40,000. Sophia pays 50% for the November purchases in December (the month after) and 50% in January (2 month after sale), so she will pay $25,000 in December and $25,000 in January for purchases in November.</span>
Answer:
They should use interest rate of 7.7%
Explanation:
The rate (let's call it r) should be that the annual interest of the $15,000,000 that they borrow through isssuing bond is $1,150,000
Then 15*10^6 * r = 1,150,000 => r = (1.15*10^6)/(15*10^6) = 0.077 or 7.7%
<u>Note:</u> $1,150,000 is the annual amount they could set aside for paying interest, so they should use 7.7%. If it's lower than what market requires they will have to sell the bond at a discount. If it's higher than is required they the bond would be bought at a higher price than par-value.
Answer:
13.5 , 15.1
Explanation:
Hypothesis testing is used to identify the mean for number of miles. 95% confidence interval is used with test statistics value. The test stats value is determined to identify the critical region where most of the population lies in. The 95% confidence interval mean is between 13.5 - 15.1
