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alexandr1967 [171]
3 years ago
15

A firm can hire six workers at a wage rate of $8 per hour but must pay $9 per hour to all of its employees to attract a seventh

worker. The marginal wage cost of the seventh worker is A. $9. B. $10. C. $15. D. $21.
Business
1 answer:
natulia [17]3 years ago
5 0

Answer:

The correct answer is C. 15$.

Explanation:

The marginal or incremental cost in decision making means effect that company have on its financial statement if the option under consideration is choosen.

In the above question the company will have to pay 9$ dollars to the seventh worker plus it has to increase pay of its six existing workers by 1$ per hour. So marginal wage cost is (9+6)= 15.

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4 0
3 years ago
Do all states pay the same unemployment compensation and for the same length of time?
kondaur [170]

Answer:

Explanation:

Ultimately, the onus is on the state government to balance the checkbook, so the state has to decide the benefits maximum amount, duration, and eligibility to receive the benefits. For this reason, you notice that unemployment benefits largely vary by state. Some states like Massachusetts could pay as high as $1,220 depending on the eligibility criteria.

4 0
3 years ago
Carla and Eliza share income equally. For the current year, the partnership net income is $40,000. Carla made withdrawals of $12
sveticcg [70]

Answer:

$54,000

Explanation:

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                                             = $20,000

Eliza made withdrawals = $21,000

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= Eliza capital - Eliza withdrawals + Net income share of Eliza

= $55,000 - $21,000 + $20,000

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Therefore, the Eliza’s capital account balance at the end of the year is $54,000.

8 0
3 years ago
An increase price caused no change in quantity demanded. Thus, demand must be
NNADVOKAT [17]

Answer:

Perfectly inelastic

Explanation:

A demand is perfectly inelastic when quantity demanded does not change in response to a change in price.

8 0
3 years ago
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if Logan received a $2,500 bonus and his mps is 0.20, his consumption rises by $2,000 and his savings rises by $500

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3 years ago
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