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solniwko [45]
4 years ago
7

Total revenue is best described as variable cost per unit times the number of units sold. the change in revenue when one additio

nal worker is hired. price per unit times the number of units sold. what economists assume firms seek to maximize.
Business
1 answer:
asambeis [7]4 years ago
6 0

Answer:

price per unit times the number of units sold.

Explanation:

total revenue = total number of units sold x price per unit

the other options are incorrect because:

  • the variable cost per unit times the number of units sold = total variable costs
  • the change in revenue when one additional worker is hired = marginal revenue product of the additional worker
  • firms seek to maximize profits, not revenue
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Duke is a highly skilled negotiator who could work for many law firms. The law firm that hires Duke is able to collect twice as
Natali5045456 [20]

Answer: Be split between Duke and the law firm, but how it will be split cannot be determined without more information.

Explanation: The law firm would have entered into a certain type of contract when signing Duke. Therefore the contract terms would determine how he is paid and also the bonus he would tend to get in times of outstanding performances from Duke the employee.

It's only when the contract terms is known that we can able to determine how much Duke would take home in a situation of an excess profit.

6 0
3 years ago
Mogul Company ships merchandise to Ski Outfit in a consignment arrangement. The arrangement specifies that Ski Outfit will attem
Yuliya22 [10]

Answer:

$22,500

Explanation:

Given that,

During the year, Cost of shipping inventory to the Ski Outfit = $92,500

By the end of the year, amount of merchandise sold to customers = $70,000

Mogul will repeat inventory at the year end:

= Cost of inventory sent to consignee - Cost of inventory sold by consignee

= $92,500 - $70,000

= $22,500

Therefore, the amount of inventory will Mogul report at year end is $22,500.

6 0
3 years ago
1. Hiram and Adasha both make meatloaf and bake bread. It takes Hiram three hours to bake six loaves of bread and two hours to m
mote1985 [20]

Explanation:

Help me answer this question please

8 0
2 years ago
Eric has another​ get-rich-quick idea, but needs funding to support it. He chooses an​ all-debt funding scenario. He will borrow
Hunter-Best [27]

Answer:

6.442%

Explanation:

Given:

Amount borrowed from Wendy = $1,227

Charges on loan by Wendy = 4% = 0.04

Amount borrowed from Bebe = $1,143

Charges on loan by Bebe = 6% = 0.06

Amount borrowed from Shelly= $630

Charges on loan by Shelly = 12% = 0.12

Now,

Total cost of capital = $1,227 + $1,143 + $630 = $3,000

Weight of Wendy = \frac{\textup{Value of Wendy}}{\textup{Total Capital Value}}

= \frac{\textup{1,227}}{\textup{3000}}

= 0.409

Weight of Bebe = \frac{\textup{Value of Wendy}}{\textup{Total Capital Value}}

= \frac{\textup{1,143}}{\textup{3000}}

= 0.381

Weight of Shelly= \frac{\textup{Value of Wendy}}{\textup{Total Capital Value}}

= \frac{\textup{630}}{\textup{3000}}

= 0.21

The weighted average cost of capital for​ Eric

= ∑ (weight × cost)

= 0.409 × 0.04 + 0.381 × 0.06 + 0.21 × 0.12

= 0.01636 + 0.02286 + 0.0252

= 0.06442

or

=  0.06442 × 100% = 6.442%

4 0
4 years ago
To draw a clustered cylinder chart, first select the data to be charted and then click the column button (insert tab | charts gr
Marianna [84]
The statement "<span>first select the data to be charted and then click the column button (insert tab | charts group)" is true when creating the clustered cylinder chart. There should a data first before you can create a chart. I hope it helps. </span>
3 0
3 years ago
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