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3 years ago

What is the impact of an increase in worker productivity when demand is relatively more elastic?

Business

1 answer:

Varvara68 [4.7K]3 years ago

7 0

Answer:

The revenue of the firm will increase.

Explanation:

An increase in worker productivity will cause an increase in the level of output as the firm will be able to produce more by using the same amount of labor.

The supply of the curve will move to the right. The supply of the firm will increase. This will cause a decrease in the price of the product.

If the demand is relatively more elastic, the proportionate decrease in price will cause a more than proportionate increase in the demand for the product.

As a result, the total revenue of the firm will increase.

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Pilot Manufacturing prepared a report and noted budgeted fixed overhead costs of $3.75 per unit at 1,400 units. In November, the

andreev551 [17]

Answer:

$1,050 favorable

Explanation:

The computation of the fixed overhead budget variance is shown below:

= Actual fixed overhead - budgeted fixed overhead

where,

Budgeted fixed overhead is

= $3.75 × 1,400 units

= $5,250

And, the actual fixed overhead is $4,200

So, the fixed overhead budget variance is

= $4,200 - $5,250

= $1,050 favorable

Since the budgeted fixed overhead is more than the actual one so it would be favorable

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3 years ago

The purpose of this phase is to provide ongoing assistance for an information system and its users after the system is implement

prisoha [69]

I think the phase that served that purpose would be: <span>the Support and Security Phase

support and security phase is important because customers who unfamiliar with the products tend to face some difficulties in the beginning of their interaction with the production which prevents them to experiencing the maximum value of the product.</span>

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3 years ago

A company using a weighted-criteria evaluation system has established these 5 categories and the appropriate weight in parenthes

Virty [35]

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2 years ago

Willowâ, âInc., has current assets of $ 220 âmillion; property,âplant, and equipment of $ 320 âmillion; and other assets totalin

ElenaW [278]

Answer:

Willowa Inc.

a. Willowa's accounting equation (assets = liabilities + equity)

= $220 + $320 + $130 = $160 + $380 + $130

b. Working capital = Current assets - current liabilities

= $60 million ($220 - $160 million)

c. Willowa owes $540 million to creditors.

d. The company's assets owed by Willowa's stockholders = $130 million.

Explanation:

a) Data and Calculations:

Current assets = $220 million

Property, plant, equipment = $320 million

Other assets = $130 million

Total assets = $670 million

Current liabilities = $160 million

Long-term liabilities = $380 millon

Total liabilities = $540 million

Equity = Total assets - total liabilities

= $130 ($670 - $540) million

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3 years ago

Premium on Bonds Payable_________.

Tatiana [17]

Answer:

c. is considered to be a reduction in the cost of borrowing.

Explanation:

The premium on bond payable arise when the bond payable is issued more than the face value. It is a liability account consist of the credit balance that is presented on the liability side of the balance sheet

Moreover, it is deducted in the borrowing cost and amortized as an interest expense to the bonds life. It is added to the bond payable

Hence, the correct answer is c.

3 0

3 years ago

What is the impact of an increase in worker productivity when demand is relatively more​ elastic?

What is the impact of an increase in worker productivity when demand is relatively more elastic?