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Cloud [144]
3 years ago
13

A local portrait photographer currently employs 2 helpers for the busy Fall season. With two helper she can produce 450 packets

of Senior portrait proofs a month. She estimates that if she hires a third helper, she'll be able to produce 600 packets in the same amount of time. The marginal product for the third worker is:__________
Business
1 answer:
Cerrena [4.2K]3 years ago
6 0

Answer:

The marginal product for the third worker is 150 packets

Explanation:

Marginal product is the change in the output of a firm as a result of an additional input or factor of production. These additional inputs may include materials, labor etc.

The Marginal product for the third worker can therefore be calculated as

change in Total product / change in labour

change in total product = New packets of senior portrait -  old packets of senior portraits ( 600 - 450) =   150  

change in labour ( 3 - 2 ) = 1  

150/1 = 150 packets

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Explanation:

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0.8*2050

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6 0
2 years ago
The firm has just declared a dividend of $1.09 per share for the current fiscal year. The firm has earnings per share of $2.11,
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This means that this stock will reduce to:

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= 30.08/2.11

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<em>Option E is correct. </em>

4 0
3 years ago
Off-balance-sheet activities consist of issuing financial instruments such as various types of guarantees and engaging in deriva
kramer

Answer:

True

Explanation:

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4 0
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When a purchaser authorizes a broker to collect their commission from the listing broker or seller pursuant to an Exclusive Righ
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Answer:

4. The obligation for payment of the commission is whichever compensation arrangement box is checked.

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Exclusive right-to-buy contracts is one of the most common buyer-broker agreement between buyers and brokers or sellers.

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3 years ago
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