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FromTheMoon [43]
3 years ago
6

Assume the total product of two workers is 100 and the total product of three workers is 120. The average product of three worke

rs is ________, and the marginal product of the third worker is ________.
Business
1 answer:
Ierofanga [76]3 years ago
5 0

Answer:

The average product of three workers is <u>   40   </u>, and the marginal product of the third worker is  <u>   20    </u>.

Explanation:

The average product of labor is the total product divided by the total quantity of labor, this is calculated below:

Total product = 120

Total quantity of labor = 3

∴ average product = 120 ÷ 3 = 40

The marginal product is defined as the output that results from employing an additional labor unit. In this case, when the labor unit was 2, the total product was 100, when a third labor was employed, the total product increased to 120, hence the contribution of the third labor = 120 - 100 = 20. Hence, the marginal product is 20.

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Jason works at a call center for an insurance company, and he has been answering calls regarding auto insurance. Recently, he st
Vikentia [17]

Answer: pay-for-knowledge

Explanation:

Pay-for-knowledge is a form of payment system whereby increase in ones wage or salary pay are linked to when the person has successful completed a training.

Pay-for-knowledge is a high performance work practices due to the fact that it brings about employee development and skill formation. This is the payment method which has been set aside for Jason in the question above

7 0
3 years ago
Provide three examples of how a company’s risks can influence its planning, controlling, and decision-making activities.
tatyana61 [14]

Answer:

Airlines risking big prices in fuel which lowers profit.  

Steel manufacturers face have risk due to employee safety.

Restaurants risk economic problems when sales from customers lower.

Explanation:

4 0
3 years ago
On December 15, 2018, Rigsby Sales Co. sold a tract of land that cost $3,200,000 for $5,000,000. Rigsby appropriately uses the i
ivann1987 [24]

Answer:

Instalment receivables (net) of $2,905,600 is the correct answer.

Explanation:

Instalment Receivables ($5,000,000 - $460,000) = $4,540,000

Deferred gross profit ($1,800,000 - $165,600) = $1,634,400

Instalment Receivables (Net) = $2,905,600

6 0
3 years ago
Swifty Corporation has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports
Leni [432]

Answer:

$8,125,000

Explanation:

Break-even point is the level of sales on which business has no profit no loss situation. The business only covers the variable and fixed cost at this point.

Total Contribution ratio = (65% x 30%) + (35% x 50%) = 19.5% + 17.5% = 37%

Fixed cost = $4,625,000

Break-even point = Fixed cost / Contribution margin ratio = $4,625,000 / 37% = $12,500,000

Break-even Sales for Sports Division = $12,500,000 x 65% = $8,125,000

5 0
3 years ago
Read 2 more answers
A firm is considering a new project that will generate cash revenue of $1,300,000 and cash expenses of $700,000 per year for fiv
MAXImum [283]

Answer:

A) $416,250

Explanation:

The computation of the free cash flow is shown below:

= (Cash revenues generated - cash expenses - depreciation expense) × (1  - tax rate) + depreciation expense

= ($1,300,000 - $700,000 - $75,000) × (1 - 0.35) + $75,000

= $525,000 × 0.65 + $75,000

= $416250

Simply we added the depreciation expense in the Earning after tax amount

The  (Cash revenues generated - cash expenses - depreciation expense) × (1  - tax rate) is also known as Earning after tax

5 0
4 years ago
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