Answer:36
Explanation:
Marginal product is the additional product that is derived from using additional unit of input, in this example labour. If a firm produces 50 units of an output with 50 labour , if the labour level is increased to 51 and firm produce 51 units, the marginal product of the additional one worker introduced is the additional one unit of the product produced.
In the above question, since the additional worker will increase production by 36 units, that is the marginal product of it's addition.
Answer:
Try to Advertise and Get connections with people in your local community
Explanation:
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Since the indirect cost cannot be conveniently or economically traced directly to a cost pool or cost object, the management accountant will assign them by means of cost allocation.
<h3>What is the indirect cost?</h3>
The cost that is not directly related to the manufacturing process but plays a significant role in business is referred to as an indirect cost. It includes rent, salaries, office expenses, administration expenses, stationery, and so on.
The distribution of a single expense among numerous organizations, departments, or cost centers is known as cost allocation. It facilitates decision-making, waste reduction, and product pricing for businesses.
Learn more about cost allocation, here:
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Answer:
Marginal social cost is the sum of marginal private cost and marginal external cost
Explanation:
Marginal social cost is the total cost society pays for the production of another unit or for taking further action in the economy.
Marginal Social Cost= MPC+MEC
where MPC = Marginal private cost
MEC = Marginal external cost
A private cost of production is a cost that is borne by the producer of a good or service. on the other hand, A marginal external cost is the cost of producing an additional unit of a good or service that falls on people other than the producer.
