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adoni [48]
3 years ago
10

Please help! The marginal revenue product of the second worker is

Business
1 answer:
Setler [38]3 years ago
8 0

Answer:

The marginal revenue product of the second worker is $150.

Explanation:

  • This is because when we change from 1 worker to 2 workers, the total product increases by 30 (from 20 when there were 1 worker to 50 when there wew 2 workers).  
  • The value of this extra product, considering that the price of every T-shirt  is $5 (marginal revenue of this product) equals 30\times\$5=\$150.
  • This is additional value in dollars that the company has because incuding an extra employee when it changes from oneto two employees.
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3 0
3 years ago
Read 2 more answers
Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition. Will this necessarily result
Akimi4 [234]

Answer:

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

Explanation:

Suppose that, in an attempt to raise more revenue, Anywhere State University increases its tuition.

1. That will not necessarily result in more revenue because it depends on the price elasticity of demand for the schools tuition fees

2. Under the conditions that price is in-elastic, revenue will rise,

Under the conditions that price is elastic, revenue will fall,

Depending on the mix of reaction, if there is a 50% elasticity and 50% in-elasticity, revenue may remain the same.

3. Explain this process, focusing on the relationship between the increased revenue from students enrolling at ASU despite the higher tuition

<em>This would mean that schooling at ASU has an inelastic demand as earlier stated.</em>

4. Explain the process of  lost revenue from possible lower enrollment.

<em>This would mean that schooling at ASU has an elastic demand as earlier stated.</em>

5. If the true price elasticity were -1.1, what would you suggest the university do to expand revenue?

<em>Above unitary elasticity implies that the demand for the school is very elastic i.e. revenue will fall with increase in tuition fees</em>

<em />

6. If I were the president of ASU, I would tackle this problem <em>based on what I have learned about price elasticity by reducing tuition fees a little to increase revenue much more since the price elasticity is above 1.</em>

<em />

6 0
3 years ago
Cost of goods sold is determined only at the end of the accounting period in.
sladkih [1.3K]
<h3>Answer:</h3>

Under the periodic inventory system.

What is periodic inventory system?

Under the periodic inventory system, the cost of goods sold determined at the end of an accounting period by adding the net cost of goods purchased to the beginning inventory and subtracting the ending inventory.

7 0
2 years ago
Martin Aerospace is currently operating at full capacity based on its current level of assets. Sales are expected to increase by
zhuklara [117]

Answer:

A. Total assets will increase at the same rate as sales.

Explanation:

<em>Option E</em> is wrong because dividends will not increase at the same rate; therefore, retained earnings will not increase at the same rate as sales.

<em>Option D</em> is incorrect because sales are increasing, which leads to a different profit margin.

As sales increases to a specific percent, owners' equity will not remain constant. So, <em>option C</em> is wrong.

<em>Option B</em> is wrong because long-term debt will not change.

Option A is correct because if sales are credit sales; therefore, total assets will increase at the same rate as sales.

7 0
3 years ago
If your plan coverage includes an extended replacement cost, you need to update your plan at least once per year.
hichkok12 [17]

Answer:

True

Explanation:

This is true because you are updating the plan.

7 0
3 years ago
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