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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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Answer:

B. the bond demand curve shifts to the​ left, the bond supply curve shifts to the​ right, and the equilibrium interest rate usually rises.

Explanation:

In this case:

  • The supply increases, curve shifts to the right.
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  • Both the above shifts cause the price of bonds to decrease
  • The above changes cause interest rate to increase

In this way, the quantity of bonds increase

8 0
3 years ago
Boone Company purchased a piece of machinery by paying $18,000 cash. In addition to the purchase price, the company incurred $80
Mkey [24]

Answer:

The correct answer is $18920.

Explanation:

Boone Company purchased a piece of machinery by paying $18,000 cash.

In addition to the purchase price, the company incurred $800 freight charges.

Estimated useful life of the machine is 5 years and will require $600 for insurance over that period.

So insurance money for a year = $ (\frac{600}{5} ) = $120.

Boone Company would record the cost of the machine at  $ ( 18000+ 800+ 120) = $ 18920.

4 0
3 years ago
f interest rates are rising in an economy, what might the relationship be between savings and investment that is causing this to
aleksklad [387]

Answer: b) Investment demand had been greater than savings

Explanation:

Investment in the economy comes from savings by households also known as Loanable funds. If investment demand is higher than the savings supply this demand will pull the interest rate up due to a lack of loanable funds.

As the interest rates are pulled up, more people will be encouraged to save their money in other to benefit from the higher interest rates thereby increasing the loanable funds in the market.

5 0
3 years ago
Use the following quotation to answer the question.“If men were angels, no government would be necessary.” —James Madison, Feder
serg [7]

Answer:

2. Government is necessary, because people do not always behave perfectly.

Explanation:

<em>Option 1</em> is wrong because if the government cannot control people, there is no use of making policy. It contradicts James Madison's quota.

<em>Options 3</em> and <em>4</em> are incorrect because the government is a necessary element.

Option 2 is correct, as the government is an essential element. Without government, people may become clueless and clumsy. To make peace in the nation, the government has to control its people.

6 0
3 years ago
Maria is a recruiter with a bachelor's degree in business administration. She is well respected among her peers for her professi
inna [77]

Group of answer choices.

A. Is not warm enough to the applicants.

B. Is perceived as less credible because she is an HR specialist.

C. Does not give applicants enough information, leaving them with more questions than answers.

D. Comes off as being too professional for someone in the HR field.

E. Is not approaching the candidate with enough skepticism.

Answer:

B. Is perceived as less credible because she is an HR specialist.

Explanation:

Human resources (HR) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.

Hence, human resources managers are saddled with the responsibility of managing and improving the welfare and working conditions of the employees working in an organization.

In this scenario, Maria is well respected among her peers for her professional standards and understanding of the HR field. She noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. Thus, the most likely reason for this is because Maria is perceived as less credible because she is an HR specialist and as such is considered not to have a deep understanding of the field of engineering to recruit a qualified and experienced candidate.

6 0
3 years ago
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