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kap26 [50]
2 years ago
13

Each extra worker produces an extra unit of output up to six workers. After six, no additional output is produced. Draw the tota

l product of labor, average product of labor, and marginal product of labor curves.

Business
1 answer:
Dmitry_Shevchenko [17]2 years ago
7 0

Answer:

attached is the diagram

Explanation:

Each extra worker produces an extra unit of output, is said to be the marginal production of an extra worker employed

marginal production  :

change in total production / change in labor = ΔTp / ΔL

Average production = Tp / L

Tp = total production ,  L = number of labor

To draw the Total product of labor , average product labor and marginal product labor curves starting from zero labor

0 worker : Total product = 0, average product labor = 0 , marginal = 0

1 worker : Total product = 1, average product = 1 , marginal = 0

2 worker : Total product = 2, average product = 1, marginal = 1

3 workers: total product = 3 average product = 1, marginal = 1

4 workers: Total product = 4, average product = 1, marginal = 1

5 workers : Total product = 5 average product = 1, marginal = 1

6 workers : total product = 6 average product = 1 , marginal = 1

7 workers : total product = 7 , average product = 0.85, marginal = 0

8 workers : total product = 8, average product = 0.75 marginal = 0

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Calculate the gross margin in both dollars and percentage for this swim department if net sales are $1,150,000 and cost of goods
yawa3891 [41]

The gross margin ratio is also known as the gross profit margin or the gross profit percentage.<span>

The gross margin ratio is computed by dividing the company's gross profit dollars by its net sales dollars.</span>

 swim department net sales--------------------- $1,150,000

 cost of goods sold<span> -------------------------------- $638,400</span>

  This means its gross profit is $511,600  (net sales of $1,150,000 minus its cost of goods sold of $638,400) and its gross margin ratio is 44% (gross profit of $511,600  divided by net sales of $1,150,000).

6 0
3 years ago
Mike has one hour to spend at the gym where he will jog, play handball and cycle. jogging uses 10 calories per minute, handball
slega [8]
Let
x = minutes used for jogging
y = minutes used for handball
z = minutes used for cycling

Th total time spent is 1 hour (60 minutes), therefore
x + y + z = 60

Because Mike jogs as long as he cycles, therefore
x = z
Therefore
2x + y = 60
or
y = 60 - 2x                 (1)

Jogging consumes 10 calories/min, handball consumes 9 calories/min and cycling consumes 12 calories/min.
The calories consumed in 60 minutes is 580, therefore
10 x + 9y + 12z = 580
Because x = z,
22x + 9y = 580          (2)

Substitute (1) into (2).
22x + 9(60 - 2x) = 580
22x + 540 - 18x = 580
4x = 40
x = 10
y = 60 - 2x = 40
z = x = 10

Answer:
10 minutes of jogging
40 minutes of handball
10 minutes of cycling.

4 0
3 years ago
Which of the following projects is most likely be used in STEM education to learn technology concepts?
ivanzaharov [21]

Answer:

  • <u>investigate search engine criteria to improve search results</u>

<u>Explanation:</u>

Remember, the application of STEM implies using the knowledge found in the field of science, technology, engineering, and mathematics to carry out projects.

Since <u>the focus is on learning technology concepts</u>, the most likely, that is, the <em>project that is closest to technology </em>is investigating search engine criteria to improve search results.

7 0
3 years ago
A company’s total monthly sales (in millions of dollars) t months from now are given by:
Elina [12.6K]

Answer:

a) \frac{dS}{dt}=S'(t)= 2(0.5) t +3 = t+3

b) S(4) = 0.5*(4^2) +3(4) -5=15 million

c) For this case we have the total sales $ 15 millions after t =4 months

d) S'(4) = 4+3 = 7 million

e) This value represent the increase in the amount of sales in millions after t=4 months

Explanation:

For this case we have the following function for the sales

S(t) = 0.5 t^2 +3t -5

Part a          

For this case we want to find the derivate of S respect to t and we got:

\frac{dS}{dt}=S'(t)= 2(0.5) t +3 = t+3

Part b

For this case we want to find the value of S when t = 4 so if we replace we got:

S(4) = 0.5*(4^2) +3(4) -5=15 million

Part c

For this case we have the total sales $ 15 millions after t =4 months

Part d

For this case we just need to replace t=4 in the derivate and we got:

S'(4) = 4+3 = 7 million

Part e

This value represent the increase in the amount of sales in millions after t=4 months

3 0
3 years ago
On January 2, 2015, Moser, Inc., purchased equipment for $100,000. The equipment was expected to have a $10,000 salvage value at
OLEGan [10]

Answer:

a. Debit Depreciation expense $6,400

   Credit Accumulated depreciation $6,400

b. $33,600

Explanation:

Depreciation is the systematic allocation of cost to an asset. It is given as

Depreciation =  (Cost - salvage value)/estimated life

When accumulated over time, it is known as accumulated depreciation which is deducted from the cost to get the carrying amount of the asset.

Depreciation

= (100000 - 10000)/6

=$15,000

Between 2015 and start of 2019 is 4 years hence

accumulated depreciation at start of 2019

= $15,000 × 4

= $60,000

Net book value  = $100,000 - $60,000

= $40,000

If the asset life is to be extended by 3 years, the remaining useful life changes from 2 to 5 years.

New depreciation rate

= (40,000 - 8000)/5

= $6,400

To record this for 2019,

Debit Depreciation expense $6,400

Credit Accumulated depreciation $6,400

The book value of the equipment at the end of 2019

= $40,000 -  $6,400

= $33,600

4 0
3 years ago
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