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Tasya [4]
3 years ago
14

Kate is a florist. Kate can arrange 20 bouquets per day. She is considering hiring her husband William to work for her. Together

Kate and William can arrange 35 bouquets per day. What is William's marginal product?a. 55 bouquets b. 35 bouquets c. 22.5 bouquets d. 15 bouquets
Business
1 answer:
Andrew [12]3 years ago
6 0

Answer:

(d) 15 bouquets

Explanation:

it is given that kate alone can arrange 20 bouquets per day

and it is also given that when Kate and his husband William work together then they arrange 35 bouquets

we have to find the William marginal product

if both together arrange 35 bouquets and Kate alone arrange 20 bouquets it means that 35-20=15 bouquets are arranged by William alone

so the marginal product of William is 35-20=15 so the option will be the correct answer

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The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 1
SOVA2 [1]

Answer:

$287.01

Explanation:

The 2 stage dividend discount model would be used to determine the current value of the stock.

first stage

Present value in year 1 = (1.6 x 1.16) / 1.071 = 1.73

Present value in year 2 = (1.6 x 1.16²) / 1.071² = 1.88

Present value in year 3 = (1.6 x 1.16³) / 1.071³ =2.03

Present value in year 4 = (1.6 x 1.16^4) / 1.071^4 = 2.20

second stage

[ (1.6 x 1.16^4) x (1.06) ] / (0.071 - 0.06) = 279.17

Value of the stock = 1.73 + 1.88 + 2.03 + 2.20 + 279.17 = $287.01

4 0
2 years ago
Dave and Kelly are discussing how quickly products now become obsolete in their industry. David believes this will make it more
Paha777 [63]

Answer: Incorret

Explanation: This is incorrect because the more information we have about the market and the obsolescence time of our products, the better we will be able to coordinate the marketing strategy so that the time spent will be paid with greater profits in the future.

For example, appliances affected by competition or improvements become appliances that replace the previous ones if you do not evaluate the obsolescence time of these items, it is likely that when our product is launched, there is already a better one in the market.

6 0
3 years ago
"In the summer 2012 the lobster catch in Maine was especially large, but instead of celebrating the fisherman were suffering fro
34kurt

Answer:

Inelastic

Explanation:

The inelastic demand means the demand of the product does not vary when there is much change in the price. Let us assume that if the price is increased by 20% so the demand decreased only by 1% so here we can said there is inelastic demand

Also due to increased in the supply, the demand does not increased that much. So if the price is decreased so the demand does not respond due to which the total revenue comes down

So as per the given situation, having the large quantity caught the revenue is decreased so here the demand should be considered inelastic

4 0
3 years ago
The Waterfall Company sells a product for $150 per unit. The variable cost is $80 per unit, and fixed costs are $270,000. Determ
MrRissso [65]

Answer

(a) 3858 Units

(b) 4372 Units

Explanation

SP = Selling price per unit = $150 per unit

VC = Variable cost per unit = $80 per  unit

TFC = Total Fixed Cost = $270,000

(a) Break-Even Point (Units) = Fixed Costs ÷ (Revenue per Unit – Variable Cost per Unit)

= $270,000 ÷ ( $150 per unit - $80 per  unit )

= 3857.14 ≅ 3858 Units

(b)

x = Number of units

TR = Total Revenue = $150x

TC = Total Costs = Total Fixed Cost + Total Variable Cost

TC = $270,000 + $80x

Target Profit = $36,000

Total profit = Total Revenue - Total Costs

36000 = 150x - ( 270000 + 80x)

306000 = 70x

x = 4371.42 ≅ 4372 Units

3 0
3 years ago
Suppose that three firms make up the entire tire manufacturing industry. One has a 40% market share, and the other two have a 30
masha68 [24]

Answer:

3400

increase

Explanation:

the Herfindahl index is used to calculate the concentration of firms in an industry

The HHI is calculated by squaring the market share of each firm in the industry.

40² + 30² + 30² = 3400

If one of the firms leaves the industry, the industry becomes more concentrated and the HHI index would increase

5 0
3 years ago
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