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
katen-ka-za [31]
3 years ago
7

Sunshine's Organic Market sells organic produce. Assume that labor is the only input that varies for the firm. The store manager

has determined that if she hires 9 workers, the store can sell 200 pounds of produce per day. If she hires 10 workers, the store can sell 230 pounds of produce per day. The store earns $4 for each pound of produce that it sells, and the manager pays each worker $60 per day. Which of the following is correct?Select one: a. All of the above are correct.b. The marginal profit from the 10th worker is $120.c. For the 10th worker, the marginal product is 20 pounds of produce per day.d. For the 10th worker, the marginal revenue product is $120 per day.
Business
1 answer:
frosja888 [35]3 years ago
4 0

Answer: Option (d) is correct.

Explanation:

Correct option: For the 10th worker, the marginal revenue product is $120 per day.

If she hires 9 workers then the store can sell 200 pounds of produce per day

If she hires 10 workers then the store can sell 230 pounds of produce per day

Extra units produce from hiring 10th worker = 230 - 200 = 30 pounds of produce per day

Store earns = $4 for each pound

Therefore, the marginal revenue product for the 10th worker = selling price of each pound × Extra units produce from hiring 10th worker

= $4 × 30

=$120

You might be interested in
This monetary policy________the economy's demand for goods and services, leading to_________product prices. In the short run, th
madreJ [45]

Answer:

<u>Increases,.. higher... more.. low.. lower</u>

Explanation:

This monetary policy acts as economic stimulant by increasing the supply of money in the economy, with increased supply come an increase in the economy's demand for goods and services, leading to higher product prices.

Also, In the short run, this <em>positive change</em> in prices induces firms to produce more goods and services.

This, in turn, leads to<u> a low level of unemployment because companies increase their demand for more labour to meet their demand.</u>

In other words, the economy faces a trade-off between inflation and unemployment: Higher inflation leads to lower unemployment.

7 0
3 years ago
True or false: the term economic investment includes purchasing stocks, bonds, and real estate.
Lapatulllka [165]
False because it doesnt invest the stocks
6 0
3 years ago
Blue Spruce, Inc. is considering purchasing equipment costing $72000 with a 6-year useful life. The equipment will provide annua
Stella [2.4K]

The approximate internal rate of return for this investment is $0.054.

<h3><u>What is rate of return?</u></h3>
  • The net gain or loss of an investment over a given time period, stated as a percentage of the investment's starting cost, is known as a rate of return (RoR).
  • You determine the percentage change from the start of the period to the end when computing the rate of return.
  • Any type of investment instrument, including real estate, bonds, equities, and fine art, can be subject to a rate of return (RoR).

Any asset can be used with the RoR as long as it is purchased once and generates cash flow at some point in the future. The attractiveness of various investments can be determined, in part, by comparing their historical rates of return to those of comparable assets.

We have, (Net Annual cash inflow x PV of an Annuity of 1 at 10%) - Initial Investment = Net present value (find closest to zero))

($17,514 x 4.111) = $72000.054 - $72,000 = $0.054 (closest to zero).

Know more about rate of return with the help of the given link:

brainly.com/question/24232401

#SPJ4

6 0
1 year ago
When preparing the operating activities section of the statement of cash flows using the indirect method, a decrease in accounts
PSYCHO15rus [73]

Answer:

True

Explanation:

statement of cash flows can be regarded as financial statement which gives analysis of how cash as well as cash equivalent is affected by any changes in balance sheet accounts.

The indirect method of statement of cash flows begins with loss or the net income as well as the substraction of values from non cash revenue which result in case flow as a result of operating activities.

7 0
3 years ago
Your company manufactures riding lawn mowers.One of your customers,Marie,writes a claim,demanding a compensation for her faulty
Alekssandra [29.7K]

Answer: D) As stated in our contract,we are liable to pay compensation only when our personnel repair the equipment

Explanation:

Based on the information given in the question, the best way to phrase the refusal of Marie's claim for adjustment is that "As stated in our contract, we are liable to pay compensation only when our personnel repair the equipment".

Since a service executive in the company discovers that the mower was dismantled by someone, then Marie's claim for adjustment can be refused since it wasn't dismantled by someone from the company.

4 0
3 years ago
Other questions:
  • Lavender Furniture established itself in 1965 as a small firm. It was situated on a small stretch of land located miles away fro
    14·1 answer
  • Farmco just paid its annual dividend of $.32 per share. The dividends are expected to grow at 25 percent annually for the next 4
    6·1 answer
  • Liability coverage is _____.    
    13·2 answers
  • 4.Is the free-market system fair to everybody? Give at least one example showing how the system is fair and at least one showing
    10·1 answer
  • Fiola is undergoing a special training session to understand the theory of relativity. Mark, Fiola's tutor, conducts the trainin
    6·1 answer
  • A firm whose production process exhibits constant returns to scale would find that if it doubled all of its inputs, its output w
    10·1 answer
  • You have been assigned as the project manager for a new project that involves deployment of a new software application to all th
    11·1 answer
  • Relationship between short and long run in Philips curve
    13·1 answer
  • A plantwide overhead rate based on direct labor hours is ______ appropriate.
    12·1 answer
  • Rest causes the value of money received today to be greater than the value of that same amount of money received in the future i
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!