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aliina [53]
3 years ago
11

When a perfectly competitive firm (that sells its good for $20 per unit) hires 1 unit of factor X it produces 70 units of output

and when it hires 2 units of factor X it produces 85 units of output. Marginal revenue product of the second unit of factor X is equal to
A. $30
B. $530
C. $265
D. $300
Business
2 answers:
alina1380 [7]3 years ago
6 0

Answer:

D) $300

Explanation:

Marginal revenue product (MRP) refers to the amount of money that an extra unit of resources (generally labor) generates for the company. It is calculated by multiplying the marginal physical product (MPP) times the marginal revenue (MR).  

The MPP is the amount of output generated by using one extra unit of resources, in this case = 85 units - 70 units = 15 units

The MR is the sales price of the units produced = $20

MRP = MPP x MR = 15 units x $20 per unit = $300

Gelneren [198K]3 years ago
5 0

Answer:

d)  $300

Explanation:

<em>Marginal revenue is the extra revenue from a resource the extra revenue earned from the use of additional  unit of a given resource for production purpose. It is calculated as the increase in total revenue as a result of utilizing one additional unit of a factor of production.</em>

Marginal revenue = total revenue from 85 units - total revenue from 70 units

Marginal revenue = ($20 × 85) - ($20× 70)

                           = $300

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Zoie makes 2 products from a common input. Each product may be sold at the split-off point or processed further. The following i
Ymorist [56]

Answer:

Zoie

The minimum amount the company should accept if Product 1 is sold at the split-off point is:

= $30,000.

Explanation:

a) Data and Calculations:

                                                          Product 1    Product 2

Allocated joint processing costs         21,200        35,700

Sales value at split-off point                38,100        19,200

Costs of further processing                17,000        19,900

Sales value after further processing 30,000       28,300

The minimum amount the company should accept if Product 1 is sold at the split-off point is $30,000.

b) Further processing of Product 1 does not make economic sense.  Zoie should sell the product at split-off point at $38,100.  Similarly, based on the facts provided, Product 2 hardly deserves further processing.

5 0
3 years ago
Current expenditure is money spent on goods and services consumed within:
Fiesta28 [93]

Answer:

A) one year

Explanation:

As the name implies, current expenditure is an accounting term used to classify the total cost incurred on an item presently (or currently) within one year.

For example, It would be out of place to classify the projected cost of renting a facility in the next three years as a current expenditure if payment would be made in the future.

5 0
3 years ago
Which of the following distribution systems offers speed and reliability when emergency supplies are needed overseas?A. railroad
erik [133]
<h3>Hello there!</h3>

Your question asks which is a fast and reliable source for emergency supplies that are needed overseas.

<h3>Answer: B). Airfreight</h3>

The reason why answer choice "B). Airfreight" is the correct answer because this is the distribution system that is the quickest to get things overseas.

When you think about going overseas, what do you use? A plane. When you think about going somewhere international, what do you use? A plane. That is the same concept when you're sending things overseas, you would use some sort of air craft to get it overseas.

An airfreight is a really big air craft that can transport tons and tons of supplies, items, etc. An airfreight can go over the ocean and to its destination very quickly. The plane can go hundreds and hundreds of miles per hour for a long period of time. This is why people would use an air freight to deliver emergency supplies overseas.

<h3>Why the other answer choices are incorrect:</h3>

Answer choice "A). railroads" is incorrect because railroads can't go overseas. Have you seen railroads built over the ocean? Absolutely not. Therefore, trains can't go over the ocean because there's no railroads built over the ocean. This is why this answer choice is incorrect.

Answer choice "C). trucking" is incorrect because there is no road over the ocean, therefore the travel path would be cut off for the trucks. In order for the trucks to go overseas, they would need to be transported on a boat, in which would take a long time. This is why this answer choice is incorrect.

Answer choice "D). pipelines" is incorrect because pipelines don't extend to places that are overseas, and pipelines would not be a safe thing to use to get emergency equipment distributed. This is why this answer choice is incorrect.

Answer choice "E). waterways" is incorrect because water ways are just water, large bodies of water to be exact. There is no transportation system in waterways, therefore making this answer choice incorrect.

<h3>I hope this helps!</h3><h3>Best regards, MasterInvestor</h3>
3 0
3 years ago
Suppose the marginal propensity to consume is 0.75 and the government spending multiplier is 4. If the government decreases its
kvasek [131]

Answer:

Left by $400; Left by $300

Explanation:

Given that,

Marginal propensity to consume, MPC = 0.75

Government spending multiplier = 4

(a) If the government decreases its purchases by $100 million, then the magnitude of the shift in aggregate demand curve is calculated by multiplying the change in government spending to the government spending multiplier.

Aggregate demand curve shift left by

= Change in government spending × Government spending multiplier

= $100 × 4

= $400 million

(b) If the government increases income taxes by $100 million, then the magnitude of the shift in aggregate demand curve is calculated by multiplying the change in taxes to the tax multiplier.

Tax multiplier:

= MPC ÷ (1 - MPC)

= 0.75 ÷ (1 - 0.75)

= 0.75 ÷ 0.25

= 3

Aggregate demand curve shift left by

= Change in taxes × Tax multiplier

= $100 × 3

= $300 million

5 0
3 years ago
A legitimate commercial program should provide information in regard to all of the following except ___________.
Pavlova-9 [17]
A legitimate commercial program should provide information in regard to all of the following (staff training and education, the risks of their products or program, and program outcomes) except personal testimonials. The correct answer is D.
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