Answer:
The correct answer is option a.
Explanation:
The monthly total revenue is $5,000.
The marginal cost of producing 19th, 20th and 21st unit is $200.
Laura will earn profit if the price is able to cover marginal cost.
Total revenue is the product of price and quantity.
Price of cake when Laura produces 19 units
= 
= 
= $263.15
Price of cake when Laura produces 20 units
=
= 
= $250
Price of cake when Laura produces 21 units
=
=
= $238.09
So we see that the price is able to cover marginal cost till 21st units, so Laura should produce more than 20 units and go on producing till price becomes equal to marginal cost.
Answer:
When silo gimp graduated from college with a degree in flower growing. He was voted AS THE FLORIST OF THE YEAR
Explanation:
Anyone that studies flower growing or horticulture is a florist or could be voted as one which made Silo to win such an award.
Answer:
b. set in when the fifth worker is hired
After this point additional worker return will be lower.
Explanation:
Trhe diminishing return are the moment at which the marginal increase in production decrease.
In other words, adding a new resource provide less return than his predecessor.
Marginal
2 do 4 hours
3 do 6 houses (marginal 6 - 4 = 2)
4 do 9 houses (marginal 9 - 6 = 3)
5 do 13 houses (marginal 13 - 9 = 4)
6 do 15 houses (marginal 15 - 13 = 2)
the marginal output decrease from 4 to 2 the returns decreased.
Answer:
8.99%
Explanation:
For this question we use the PMT function that is presented on the excel spreadsheet. Kindly find it below:
Given that,
Present value = $975
Future value = $1,000
Rate of interest = 9.25% ÷ 2 = 4.625%
NPER = 25 years × 2 = 50 years
The formula is shown below:
= PMT(Rate,NPER,-PV,FV,type)
The present value come in negative
So, after solving this, the PMT is $44.96
Now the annual PMT is
= $44.96 × 2
= $89.92
So, the coupon interest rate is
= $89.92 ÷ $1,000
= 8.99%
Answer:
$60,000 or $12,000
Explanation:
1. Since Zack expects Sparky to use the developed software for a period of five years, we could assume that the revenue for the first year of the contract would be $60,000.
2. Or if we Spread out the average revenue for a period of five years from the licensing fee, 60,000 / 5 (years) would give us 12,000 dollars per year.
