Answer:
60 pizzas
40 pizzas
Explanation:
Marginal product measures the change in output as a result of a change in input by one unit
Marginal product = change in output / change in input
Marginal product for the 4th worker
Change in output = 360 - 300 = 60 pizzas
Change in input = 4 - 3 = 1 worker
Marginal product = 60 / 1 = 60
Marginal product for the 5th worker
Change in output = 400 - 360 = 40 pizzas
Change in input = 5 - 4 = 1
Marginal product = 40 / 1 = 40
It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.
The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
Answer:
$277,000
Explanation:
Break even is the point where neither profit nor a loss is made by the company.
<u>Determination of Break-even Sales</u>
Sales - Variable Expenses - Fixed Expenses = 0
Therefore, Solving Algebraically
Sales = Variable Expenses + Fixed Expenses
= 222,000 + 55,000
= 277,000
Therefore Break-even sales for the month for the company is closest to $277,000
If the standard deviation is 20.98%. The range you should expect to see with a 95 percent probability is: -31.02 percent to +52.9 percent.
<h3>Expected range of return </h3>
Expected range of return = 10.94 percent ± 2(20.98 percent)
Expected range of return =[10.94 percent- 2(20.98 percent)]; [10.94 percent + 2(20.98 percent)]
Expected range of return =(10.94 percent- 41.96 percent); (10.94 percent + 41.96 percent
Expected range of return = -31.02 percent to +52.9 percent
Inconclusion the range of returns is: -31.02 percent to +52.9 percent.
Learn more about expected range of return here:brainly.com/question/25821437
Answer:
IT HEPLS TO SOLVE ECONOMIC PROBLEMS ABOUT TRADITIONAL SUPERSTATION
Answer: $245
Explanation:
If the required return on the stock is 7 percent, the current share price would be calculated as:
= 6.60/1.07 + 17.60/1.07^2 + 22.60/1.07^3 + 4.40/1.07^4 + [(4.4 × 1.0525) / (7%-5.25%)] / 1.07^4
= $245.23
= $245 approximately
Therefore, the current share price will be $245
