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Anit [1.1K]
3 years ago
13

Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wa

ge rate that Lauren earns is $7 per hour, then the orchard owner's surplus from Lauren's labor is ________ per hour.
Business
1 answer:
Sever21 [200]3 years ago
7 0

Answer:

$1 per hour

Explanation:

Data provided in the question

Lauren pick cherries per hour for $8 per hour

And, the wage rate that Lauren earns is $7 per hour

So, the surplus made from Lauren's labor per hour is

= Lauren pick cherries per hour - Wage rate that Lauren earns

= $8 per hour - $7 per hour

= $1 per hour

Simply we deduct the wage rate from the cherries per hour so that the surplus per hour could come

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Assume Kader Company has the following reported amounts: Sales revenue
jok3333 [9.3K]

Answer:

100

Explanation:

1000 expensives of the more u do in the book

8 0
3 years ago
Identify the three ranges of Aggregate Supply curve. Explain the impact of an increase in the AD curve in each segment.
mestny [16]

It should be noted that the three range of the aggregate supply curve will be the Keynesian, intermediate, and the Classical range.

The aggregate supply curve simply means the quantity of real gross domestic product that is supplied by an economy at different price levels.

The three ranges of the aggregate supply curve are the Keynesian, intermediate, and Classical ranges. In the Classical range, the economy is producing at full employment.

Typically, an increase in aggregate demand (AD) will lead to a rise in the price of the goods that are supplied.

Learn more about supply on:

brainly.com/question/237337

8 0
2 years ago
Since telecommuting has become more common, workers have needed to develop communications skills that _______.
Alexxx [7]

Correct Answer, D all of the above. Each answer is a positive source of communication for telecommuters.


7 0
3 years ago
Read 2 more answers
Wildhorse Co. sells merchandise on account for $2800 to Morton Company with credit terms of 2/8, n/30. Morton Company returns $8
kipiarov [429]

Answer: Cash $1,960

Sales returns and allowances $800

Sales discount $40

Accounts receivable $2,800

Explanation:

Sales = $2,800

Sales returns = $800

Discount rate = 2%

The final amount due will be:

= Sales- Sales returns

= $2,800 - $800

= $2,000

Sales discount = 2% × $2,000 = $40

Cash received will be:

Final amount due - Sales discount

= $2,000 - $40

= $1,960

The journal entry will be:

Debit Cash $1,960

Debit Sales returns and allowances $800

Debit Sales discount $40

Credit Accounts receivable $2,800

5 0
2 years ago
If the MPC in an economy is 0.8, government could close a recessionary expenditure gap of $100 billion by cutting taxes by
QveST [7]

Answer:

cutting taxes by $125 billion

Explanation:

given data

economy = 0.8

expenditure gap = $100 billion

to find out  

cutting taxes

solution

we get here cutting or reduce taxes that is express as

cutting taxes = \frac{expenditure\ gap}{MPN\ economy} ......................... 1

cutting taxes = \frac{100}{0.8}    

solve we get cutting taxes

cutting taxes = $125 billion

so cutting taxes by $125 billion

8 0
3 years ago
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