Answer:
$4000 is the correct answer to the given question .
Explanation:
The marginal cost with compare to the labor can be written as
Here K=9 units putting this value in the previous equation we get
We can find the value of labor by the given formula that are given below
From the given question that are mention in question
Q = 2(K)1/2(L)1/2
Putting the value of K and L in the given equation we get
So profit maximizing output is =$60 chairs as the chairs can be sold for the $400 each so = $60 * $400 *10=$24000 chairs
As the competitive wage of $120 for 100 units as well as the total of $8,000 on the 9 units of capital equipment
=$20000
Therefore profit-maximizing level of output =$24000-$20000=$4000
Answer:
22.81%
Explanation:
The computation of the rate of return is shown below:
= (cash inflow ÷ total cost) - 1
where,
Cash inflow is $595,000
And, the total cost is
= $475,000 + $475,000 × 2%
= $475,000 + $9,500
= $484,500
So, the rate of return is
= ($595,000 ÷ $484,500) - 1
= 22.81%
Hence, the rate of return is 22.81%
Basically we applied the above formulas
Answer:
(B) Statistic
Explanation:
A statistic is defined as a metric derived from (or that describes) a sample. As such, given a certain population (in the case of the question, <em>the population is the total number of new engines developed by the company</em>), a sample can be selected from the population (<em>the sample in the question is the 100 engines that are randomly selected</em>).
Any characteristic that describes the population is known as a parameter, whereas a characteristic that defines the sample is a statistic. In the question given, the average lifetime of 11 years was derived from the sample of 100 engines as is thus a statistic.
Answer:
I used to know this one, so I'm going off of memory and process of elimination.
I'd say it's your financial plan.
A financial plan assesses the ability of the customer to be able to pay back the loan, which is very important to the bank. It also assesses the assets of your business. It's basically showing the bank, how likely is it that we will get our money back from you?
Explanation:
An income statement is improbable because it applies to a company, and typically if you're getting a loan to start a business, you have no income yet.
The bank won't worry about your partnership agreement because that's not related to the fact that you are asking for money to fund your business, they just care that they'll get it back.
A guarantee of success doesn't make sense either because the bank is doesn't need to know if your business will succeed or not, they just want to make sure they get the money they asked for returned at the right date.
The ethical decision framework is useful for providing guidance to the manager.
<h3>What is an ethical decision framework?</h3>
This is the document that gives a provision of the steps that have to be taken by an organization when they are faced with ethical dilemmas.
The answer to this question is true. The framework is useful for the provision of guidelines.
Read more on ethics here: brainly.com/question/13969108
