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pickupchik [31]
3 years ago
8

The success of a cartel rests upon discouraging some firms in the market from joining inducing all members lo differentiate thei

r products and charge different prices making exit from the cartel as nearly costless as possible inducing all members to limit their combined output and charge the same price When 5 units of labor are employed, total product is 9 units, when 6 units of labor are employed total product is 11 units of output If the price of output is $5 per unit, what is the marginal revenue product of the 6th unit of labor? $10 $15 $55 $5 When MFC < MRP. a firm in a competitive market will hire more workers earn fewer profits stop hiring
Business
1 answer:
Sonja [21]3 years ago
3 0

Answer:

1. The marginal revenue product of the 6th unit of labor is $10

2. Hire more workers.

Explanation:

1. MRP of 6th unit = TR of 6th unit - TR of 5th unit

TR = PX Q

TR of 6th unit = 5 X 11 = $ 55

TR of 5th unit = 5 X 9 = $ 45

MRP of 6th unit = 55 - 45 = $ 10

2. hire more workers because firm's additional fixed cost is less than firm's marginal revenue. So, it is profitable for firm to increase its production.

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During 2013, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $33,000. The business paid divi
loris [4]

Answer: the correct answer is $7,000

Explanation:

Revenues          $60,000

Expenses         ($33, 000)

Paid Dividens   ($20,000)

Equity                   $7,000   ($60,000-$33,000-$20,000)

4 0
3 years ago
Sawyer Components manufactures high-cost, customized roller parts for paper mills and is expanding into China because of the opp
saveliy_v [14]

The fact that Sawyer Components have seen opportunities in China and want to expand there reflects<u> global vision. </u>

<h3>What is global vision?</h3>

This refers to the ability of a company to see beyond factors affecting it from its native country.

It involves seeing opportunities, threats, and weaknesses in the global market, and then acting to take advantage of them like Sawyer Components wants to.

Find out more on the importance of vision at brainly.com/question/4436066.

#SPJ1

4 0
1 year ago
You are considering investing in the stock of PartyWagon, Inc. You expect a dividend of $1.25 next year, $1.31 in year 2, and $1
stich3 [128]

Answer: 29.93%

Explanation:

You can use Excel to solve for this.

Bear in mind that when given a series of cashflows, the expected return is the Internal Rate of Return (IRR).

Initial investment = $32

First cashflow = $1.25

Second cashflow = $1.31

Third cashflow = $1.38 + $65 selling price = $66.38

IRR = 29.93%

6 0
2 years ago
Just do from 5 to 8. Thanks a bunch. Also no incomplete answers or reported. Also, I need this like in 7 hours
kicyunya [14]

Answer:

Could you be more clear!?

Explanation:

4 0
2 years ago
Payee is whom the check is payable to
melomori [17]
I don’t understand the question
6 0
3 years ago
Read 2 more answers
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