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
Answer:
Annual depreciation= $5,000
Explanation:
Giving the following information:
Purchasing price= $33,000
Salvage value= $3,000
Useful life= 6 years
To calculate the depreciation expense under the straight-line method, we need to use the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (33,000 - 3,000)/6
Annual depreciation= $5,000
Answer: 6%
Explanation:
Based on the information given, when the flotation costs is ignored, the company's cost of preferred stock will be calculated thus:
Cost of preferred stock = Dividend on preferred stock / Price of preferred stock
Cost of preferred stock = 4.5/75 = 0.06 = 6%
Therefore, the cost of preferred stock is 6%.
Answer and Explanation:
The solution of profit/loss is shown below:-
Stock Price Profit/Loss
a. $32 -$4.30 After 6 months Stock price is less than strike price
b. $37 -$4.30 After 6 months Stock price is less than strike price
c. $42 -$4.30 After 6 months Stock price is equal than strike price
d. $47 $0.7 ($47 - $42 - $4.30)
e. $52 $5.7 ($52 - $42 - $4.30)
Is a microeconomics law that states, all other factors being equal, as the price of a good or service increases, consumers demand for the good or service will decrease, and vice versa
