1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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>

You might be interested in
Bob is a manager at a local toyota dealership who has lost five of his employees during the last year. now he has to make a deci
Roman55 [17]

The problem that Bob will most likely face in terms of evaluation and feedback step in the decision making process is when Bob’s gathered information may be neglected when the plan that he has done has been a success or it has been a failure.

3 0
3 years ago
On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what c
stira [4]
Deposit column. You can also state in the comments section that it was interest earned from the checking account.
7 0
3 years ago
In building a sustainable organization, management should strive to make the organization sustainable in three areas ? ________.
DochEvi [55]
The three areas are; "the economy, the environment, and society".

Sustainability organizations are composed of groups of individuals that plan to propel sustainability or potentially those activities of sorting out something economically. Dissimilar to numerous business associations, sustainability associations are not restricted to actualizing sustainability methodologies which furnish them with financial and social advantages accomplished through ecological duty. For these associations or organizations, sustainability can likewise be an end in itself without additional explanations.
5 0
3 years ago
Read 2 more answers
As she digs deeper into the data, Ophelia realizes that while discounters do have a high profit level, discounters are quite low
zlopas [31]

Answer: Return on sales is calculated based on sales volume and not profit

Explanation:

This can be explained by understanding the scenario; the price that discounters pay is lower than any other channel. Discounters have high variable cost, they only pay $52 for the Russel with 41percent return on sales. They also larger fixed costs than the other channels and the return on sales is calculated based on sales volume and not profit.

7 0
3 years ago
The balance in Accounts Receivable at the beginning of the year amounted to $16,000. During the year, $64,000 of credit sales we
poizon [28]

Answer: $70,000

Explanation:

Accounts Receivable at the beginning of the year amounted to $16,000

During the year, $64,000 of credit sales were made to customers.

ending balance in Accounts Receivable amounted to $10,000, and uncollectible accounts expense amounted to $4,000,

The Amount to appear in the operating activities section of the cash flow statement is

$16,000+$64,000-$10,000= $70,000

8 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose you are planning to spend $1,768 annually for vacation during the next 30 years. You are offered to pay $30,000 now so t
    10·1 answer
  • Hamrick Industries makes and sells two products. The demand for both products is unlimited. Product A has a contribution margin
    8·2 answers
  • A woman bought a home. The asking price for the home was $585,000; the woman offered $565,000 and the seller accepted. The appra
    13·1 answer
  • After saving money in her piggy bank for three years, Beverly decided to deposit $5,000 of the money in the Millertown Bank. If
    5·1 answer
  • The Nixon Corporation’s common stock has a beta of 1.7. If the risk-free rate is 4.8 percent and the expected return on the mark
    11·1 answer
  • Capes Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow:
    8·1 answer
  • Explain how growing personal income is related to economic conditions.
    7·1 answer
  • Brief Exercise 22-09 Kaspar Industries expects credit sales for January, February, and March to be $211,000, $270,600, and $315,
    11·1 answer
  • or due to his success at his current company in getting several new patents. This is an example of ________ capital.
    11·1 answer
  • List two effects of the invention of the cotton gin.
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!