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saveliy_v [14]
3 years ago
15

Mary is considering hiring another worker in an assembly line for MP3 speakers. Mary knows the average product of labor is 15 sp

eakers per day. She also believes that the next worker hired will produce an extra 12 speakers per day. A speaker sells for $10. Assuming that the market for speakers is perfectly competitive, Mary should hire another worker:
a. only if the new worker's daily wage is $120 or less
b. only if the new worker's marginal product is 12 or more
c. since the marginal product is below the average product
d. only if the new worker's daily wage is $150 or less
Business
1 answer:
liubo4ka [24]3 years ago
8 0

Answer:

A) only if the new worker's daily wage is $120 or less

Explanation:

Since the new worker is expected to produce 12 speakers per day and each speaker sells for $10 each, the total additional income is $120. Since the market for speakers is perfectly competitive, then Mary should pay the worker a maximum wage equal to the additional income he provides. Off course if Mary pays a smaller wage she will earn more money.

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Use the following quotation to answer the question.“If men were angels, no government would be necessary.” —James Madison, Feder
serg [7]

Answer:

2. Government is necessary, because people do not always behave perfectly.

Explanation:

<em>Option 1</em> is wrong because if the government cannot control people, there is no use of making policy. It contradicts James Madison's quota.

<em>Options 3</em> and <em>4</em> are incorrect because the government is a necessary element.

Option 2 is correct, as the government is an essential element. Without government, people may become clueless and clumsy. To make peace in the nation, the government has to control its people.

6 0
3 years ago
Firms are institutions that organise​ _____ of goods and services.
Zinaida [17]

Answer:

The correct word for the blank space is: the production.

Explanation:

A firm is a business or organization that produces goods or services on a for-profit basis. While the term is typically related to law firms, it applies to an array of entities. For example, a firm can be a corporation which is a legal entity that is separate from its owners and enjoys the right to entering contracts, loan, and borrow money or conduct other business.

3 0
3 years ago
Zanny Moldings has the following estimated costs for the upcoming year:
Sloan [31]

Answer:

D) $31.

Explanation:

The computation of the predetermined overhead rate is shown below:  

Predetermined overhead rate = Estimated manufacturing overhead ÷ estimated direct labor hours

where,

Estimated manufacturing overhead is

= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment

= $37,600 + $22,000 + $5,600

= $65,200

And, the direct labor hours is 2,100

So, the predetermined overhead rate is

= $65,200 ÷ 2,100

= $31

5 0
3 years ago
Daniel is the owner of a footwear manufacturing company. To increase the production of footwear on a weekly basis, he orders his
alexandr1967 [171]

Answer:

According to the Blake/Mouton grid, Daniel falls under the produce-or-perish management style, also known as the authority compliance style  

Explanation:

This management style is very autocratic, very much a Theory X management style.

Daniel is very autocratic, has strict rules and policies. In the short run, this management style can achieve high productive results, but in the long run the low morale of the workers will end up hurting their performance. Daniel believes that his employees are just a means to an end, and that their needs are secondary and not important.

7 0
2 years ago
The perfectly competitive firm's short-run supply curve is the Group of answer choices upward-sloping portion of its average tot
allochka39001 [22]

Answer:

Portion of its marginal cost curve that lies above its average variable cost curve.

Explanation:

This is explained to be the portion of its marginal cost curve because marginal gross benefits exceeds marginal cost, the firm can earn greater profits by increasing its output.

These profits are been maximized by choosing to supply the level of output where its marginal revenue equals its marginal cost. When this revenue is below the said marginal cost, money is lost, and consequently, it must reduce its output. Profits are however utilized when the firm chooses the level of output where its marginal revenue equals its marginal cost.

4 0
3 years ago
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