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Vera_Pavlovna [14]
3 years ago
9

A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired; 32 when two worker

s are hired; 37 when three are hired; and 40 when four are hired. The farmer's product sells for $3 per unit and the wage rate is $13 per worker. The marginal revenue product of the second worker is
Business
1 answer:
adelina 88 [10]3 years ago
6 0

The marginal revenue product of second worker is <u>$24 </u>.

<u>Explanation</u>:

The marginal revenue product measures the amount by which the addition of one more worker increases a firm's total revenue.

<em><u>Given</u></em>:  

Total product produced by first worker- 24

Total product produced by two workers- 32

Total product produced by three workers- 37

Total product produced by four workers- 40

Cost of one product- $3

Wage of a worker- $13

Marginal revenue product of second worker=<u> $24 </u>

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user100 [1]

Answer: It varies based on the foods and activities offered to a child

Explanation: Children behave differently as regards eating as some prefer some kind of food over others. Majorly the environment a child finds himself can hugely affect the child's way of behavior which includes food eaten and physical activity engaged in by the child.

This is a product of adaptation common to humans.

6 0
3 years ago
Ron,a new associate at Barkley and Sons,is working to cultivate personal relationships with individuals outside of his departmen
scZoUnD [109]

Answer:

B. Personal communication network

Explanation:

Personal communication network -

It refers to the method of establishing new connection or relation with various people, in order to expand his or her network, is referred to as Personal communication network.

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Hence, from the given scenario of the question,

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6 0
3 years ago
Oaktree Company purchased new equipment and made the following expenditures: Purchase price $ 45,000 Sales tax 2,200 Freight cha
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Answer and Explanation:

The journal entries are shown below:

1. Equipment($45,000 + $2,200 + $700 + $1,000) $48,900  

                 To Accounts payable  $47,200    ($45,000 + $2,200)

                 To Cash  $1,700

(Being the equipment is purchased on cash and credit)

Since the equipment is purchased so it would be debited and the other two accounts i.e account payable and the cash is credited

2.Prepaid insurance $900  

              To Cash  $900

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3 0
3 years ago
A list of financial statement items for Blossom Company includes the following:
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The preparation of the current assets section of the balance sheet is shown below:

<u>Current Assets                  Amounts </u>

Cash                                   $22,360

Debt investments(short term) $17,360

Accounts receivables     $30,100

Supplies                             $8,170

Prepaid Insurance              $5,590

Total current assets            $83,580

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19. Which of the following is the basic purpose of a company's promotional mix:
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Answer:

B. To influence consumers to purchase

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8 0
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