Answer:
$20.833
Explanation:
Given that,
Number of order operators = 30
Cost associated with these order = $1,000,000 per year
Each operator worked = 2,000 hours per year
Productive work provided by each operator = 1,600 per year
Cost for each order = Total Cost associated ÷ Number of order operators
= $1,000,000 ÷ 30
= $33,333.3333
Rate per hour for each order entry employee:
= Cost for each order ÷ Productive work provided by each operator
= $33,333.3333 ÷ 1,600
= $20.833
Third degree - Euphemism for torture. However, its origins are unknown. Modern Reid technique is believed to be a psychological version of third degree. It entailed taking a suspect through different modes of physical stress and pain. This was aimed at forcing confessions or admission of guilt from the suspect.
Answer:
B) The SRAS curve will shift to the right, and the short‐run Phillips curve will shift downward.
Explanation:
When the price of key inputs decreases, then the short-run aggregate supply (SRAS) curve shifts to the right, generally resulting in higher production levels (higher supply) due to lower production costs. On the other hand, when the price of key inputs increases, then the SRAS curve shifts to the left.
When inflation expectations decrease or SRAS curve shifts to the right, the short-run Phillips curve shifts to the left.
Answer:
The question is incomplete. The complete is given below
OUTPUT PRICE MR TC MC
1 100 100 100 30
2 90 80 63 26
3 80 60 52.67 32
4 70 40 49.5 40
5 60 20 49.6 50
6 50 0 50 52
7 40 -20 52.29 66
8 30 -40 55.75 80
9 20 -60 60.67 100
The total revenue is $280
Explanation:
Profit is maximized at the level of output where marginal revenue (MR) is equal marginal cost (MC).
Marginal revenue is the extra revenue made from selling one additional unit of a product. It is the increase in total revenue as result of selling one more unit. It is given in the third column above.
Marginal cost: It is the increase in total cost as a result of producing extra one unit- it is given in the last column
Profit maximizing-output: The optimal level of output where marginal revenue is equal to marginal cost. It is the ascertained to be 4 under the first column above. At this level MR $40 = MC $40
Profit maximizing price: The selling price at the profit-maximizing output. It is $70 here.
Total revenue that maximized profit= profit-maximizing price × Profit maximizing-output
$70 × 4= $280
