Answer:
The correct answer is letter "E": The marginal benefit of sleeping 10 more minutes is greater than the marginal benefit of 10 more minutes of work.
Explanation:
Marginal Benefit is an economic term that describes the maximum amount a consumer is willing to pay for an additional unit of a good or service. Typically, the marginal benefit decreases as long as the person consumes more of that good or service. The price-benefit relationship is inversely proportional.
In the example, the marginal benefit of sleeping 10 minutes more must be greater than the marginal benefit of working 10 more minutes if economists choose to sleep a little bit more.
<h2>Soft skill training is required for (i) & (ii) and Technical training of finance is required for "iii".</h2>
Explanation:
According to my perspective, training employees is most important to upgrade oneself and in turn promotes organization's growth.
i) For upgrading motivation skill, we can arrange training program or hand-hold one-one, and guide him / her on
- how to motivate others
- what are all the benefits of motivating
- who is a good leader
- so on
Reason: Guidance is enough for leader to achieve things. So it can be achieved through training.
ii) Once again training can change the attitude of the sales manager.
The second option is to speak with the sales manager personally as to what is the result of the manager's action and how this can be achieved.
Session on "attitude", "stress management", "good leadership" will support the manager to change himself.
iii) The person lacks in "finance", so it is necessary to upgrade himself so that he can use his soft skill along with the technical skill and make a successful career and also reach the organizations skill.
Reason: Upgrading technical skill is the mandatory aspect in job.
Answer:
Total unitary cost= $118.5
Explanation:
Giving the following information:
Units produced 54,000 units
Direct labor $47 per unit
Direct materials $40 per unit
Variable overhead $29 per unit
Fixed overhead $ 135,000
Under absorption costing, the unitary production cost is calculated using the direct material, direct labor, and total unitary overhead (including fixed overhead).
Unitary cost= direct material + direct labor + unitary variable overhead + unitary fixed overhead
Unitary fixed overhead= 135,000/54,000= $2.5 per unit
Total unitary cost= 47 + 40 + 29 + 2.5= $118.5
Answer:
b. price to increase
Explanation:
As the market total revenue still greater than the total costs but the marginal revenue equals the marginal cost then the price most increase in order to continue to exploit the market.