1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SashulF [63]
3 years ago
15

XYZ Company is currently experiencing a backlog at its loading dock. A manager figures that if she were to hire an extra worker

for $100 per day, then sales volumes would increase by $400, due to the removal of the congestion on the dock. The worker's marginal revenue product is:___________.
a. $300.
b. $400.
c. $100.
d. $500.
Business
1 answer:
Goshia [24]3 years ago
5 0

Answer:

$300

Explanation:

Data provided as per the question

Increase in volume = $400

Wage rate = $100

The computation of marginal revenue is shown below:-

Marginal revenue = Increase in volume - Wage rate

= $400 - $100

= $300

Therefore for computing the marginal revenue we simply deduct wage rate from increase in volume. So, the marginal revenue is $300.

You might be interested in
Division of labor and specialization
butalik [34]

Answer:

B-Enables workers to learn a variety of skolls

Explanation:

6 0
3 years ago
Robert has taken up cycling as a hobby and as a way to maintain his physical fitness. He wants to buy a hydration system since h
LuckyWell [14K]

Answer: B

Robert is in the Evaluation of alternatives stage of the buyer decision process.

Explanation:

The  various stages  which consumers go through when they are considering a purchase are as follows:

Problem or need recognition  , Information search , Evaluation of alternatives , Purchase , Post-purchase behavior

Evaluation of alternatives is the third stage in the Consumer Buying Decision process.  In this stage, the consumers evaluate all their options based on the attributes  of the products  which  is capable of  delivering  the benefit/ satisfaction that the consumer intends to get. Comparing the products (i.e different brands of products that is capable of satisfying  the consumer needs),   shows the alternatives being considered by consumers during the problem-solving process.

Therefore Robert, trying to choose between  : Waterbags for Roadies, Supertanker Hydropacks, and Fast Water is in the stage of   Evaluation of alternatives stage. Therefore the answer is B

6 0
3 years ago
Suppose the U.S. GDP growth rate is faster relative to other​ countries' GDP growth rates. U.S. imports will therefore increase
Leni [432]

Answer:

Option (B) is correct.

Explanation:

If there is an any change in the GDP of a particular nation then as a result this will shift the demand curve. Increase in GDP or an increase in the income level of the people will shift the demand curve for goods rightwards. With the higher level of income, the consumer's demand for goods increases.

Any change in the price level of the goods will affect the quantity demanded for that goods and there is a movement along a demand curve.

5 0
4 years ago
1. The level of prices and the value of money Suppose the price level reflects the number of dollars needed to buy a basket of g
EleoNora [17]

Answer:

Deflation; 10%

8; 9 basket of goods

rises

Explanation:

Given that,

Price of  a basket of goods in year 1 = $10

Price of the same basket in year 2 = $9

There is a fall in the price level from year 1 to year 2, hence, this is known as the deflation in an economy.

Deflation rate:

= [(Price of  a basket of goods in year 1 - Price of the same basket in year 2) ÷ Price of  a basket of goods in year 1] × 100

= [($10 - $9) ÷ $10] × 100

= 10%

In year 1,

$80.00 will buy:

= $80 ÷ Price of  a basket of goods in year 1

= $80 ÷ $10

= 8 baskets of goods

In year 2,

$80.00 will buy:

= $80 ÷ Price of  a basket of goods in year 2

= $80 ÷ $9

= 8.9 or 9 baskets of goods

Therefore, this example indicates that as the price of the goods falls then as a result the value of money rises because with the lower price level, a person can purchase more quantity of goods.

6 0
3 years ago
Three taxpayers have claimed the EIC for the same child and all three were eligible to claim the child. One is the child's mothe
neonofarm [45]

The Parent taxpayer is entitled to the earned income credit

<u>Explanation:</u>

The federal income tax credit or income credit in the United States is a refundable tax credit, particularly those with children, for low- to moderate-income working individuals and couples. The EITC benefit amount depends on the income of the recipient and the number of children.

The EITC benefits low to reasonable-income parents but offers very little assistance to workers without eligible children (often referred to as childless workers). Income tax credit (EITC). Workers earn a loan up to a limit of one percent of their income.

8 0
4 years ago
Other questions:
  • Growler Commercial Cleaning Company collects $1,000 deposit associated with the rental of industrialcleaning equipment. The depo
    12·1 answer
  • The government can be relied on to efficiently solve problems associated with pollution through (pigovian) taxes.
    6·1 answer
  • g Jacob Co. sells merchandise on credit to Isaiah Co. for $9,700. The invoice is dated May 1 with terms of 1/15, net 45. What is
    9·1 answer
  • What considerations should govern your decision making as a consumer?
    10·1 answer
  • The income statement of Sunland Company for the month of July shows net income of $2,760 based on Service Revenue $7,160, Salari
    14·1 answer
  • HURRY On Monday, Monahan accepts a job at Acme for $50,000 per year. He is to begin work on Friday. On Tuesday, Acme informs him
    6·1 answer
  • Nineteen year old Jill babysits for her neighbors every Friday night for $50 and she gets paid at the end of the month . Last Fr
    5·1 answer
  • A firm must choose from six capital budgeting proposals outlined below. The firm is subject to capital rationing and has a capit
    8·1 answer
  • The European Union (EU) bans the importation of hormone-fed U.S. beef and bioengineered corn and soybeans on safety grounds alth
    8·1 answer
  • The Smith home has an assessed value of $64120, and their tax rate is 3.2%. What is their annual tax bill?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!