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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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Describe at least three investments you want to make with your income. Explain whether each one is an equity investment or a deb
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3 years ago
Emily, age 58, has been a participant in the Icon, Inc. ESOP for fifteen years. She plans to retire at 65. At the end of this ye
Andrej [43]

Answer:

How much must Icon allow Emily to diversify this year?

The answer is $250,000

Explanation:

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3 years ago
PLEASE HELP
Vlad1618 [11]

Answer:

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The franchise business takes advantage of the franchisor brand name popularity to acquire customers and thereby increase its chances to succeed. Mcdonald and Starbucks are examples of popular franchise businesses. This business model applies to all industries.  Restaurants, Gas stations, Pharmaceuticals, and other retail outlets ave embraced the franchising business model.

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