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Alla [95]
3 years ago
7

A firm should hire more labor when the marginal revenue product of labor:1)A)exceeds the wage rate.B)equals the wage rate.C)is l

ess than the wage rate.D)Any of these can be true.E)None of these are true.
Business
1 answer:
kari74 [83]3 years ago
8 0

Answer:

A. Exceeds the wage

Explanation:

Generally speaking, hiring labor should continue till Marginal Revenue Product and wage rate becomes equal. But when marginal revenue product is greater than the wage rate,  the current workers are contributing to revenue and not cost which affects the profits greatly.

Therefore, the firm should ensure to hire additional workers.

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Ann [662]

Answer:

No all customers are diffrent one might like the smell of lavender when one customer might hate lavender and like the smell of honey.

Explanation:

5 0
3 years ago
Read 2 more answers
A(n) _____ is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during
Tcecarenko [31]
The correct answer is: Subsidized Loans
Hope this helped!
8 0
3 years ago
In examining its monthly bank statement, a company discovers that that its account was credited $30 for interest earned. The ent
Delvig [45]

Answer:

Added to Cash Book Balance in Bank Reconciliation Statement

Explanation:

Bank Reconciliation Statement BRS is made to correct for the mismatch between bank balance as per cash book & bank balance as per pas book.

If account has been credited (added) with $30 for interest earned, discovered later i.e not recorded in cash book : The amount has been added in passbook , but not in cashbook.

So, to match the difference : Interest earned but not recorded = $30 will be added to 'Favourable Debit balance as per cash book' , to achieve 'Favourable Credit balance as per pass book' in the BRS.

6 0
3 years ago
Jennifer and Jamie are starting a business and have asked you for advice about whether they should form a partnership, a corpora
sleet_krkn [62]
<h2>Let us understand the definition to shoot the question for better understanding.</h2>

Explanation:

Sole Proprietorship:

  • Owned by single person
  • One person responsible for liable and business
  • Simple to form
  • Nominal cost

Corporations:

  • Legal entities
  • Shared by shareholders
  • More complex type
  • Used for large business

Partnership:

  • Shared by two or more people
  • Types :general partnerships, limited partnerships, joint ventures

Questions: (reason not required as you can self-understand)

  • Are you going to own by oneself or shared?
  • Can you manage if you own with oneself?
  • What is your budget?
  • Do you want to make simple legal procedures?
  • Which type of partnership you prefer?
  • Do you now the "pros and cons" of each one?
5 0
3 years ago
Holtzman Clothiers's stock currently sells for $31.00 a share. It just paid a dividend of $1.00 a share (i.e., D0 = $1.00). The
Llana [10]

Answer:

1. Year 1 expected value = $32.24

2. Required rate of return = 7.35%

Explanation:

1. For computing the stock price which is expected 1 year from now is shown below:

= Current Price × (1+rate)^number of years

= $31 × (1+0.04)^1

= $31 × 1.04

= $32.24

Hence, the expected 1 year value of stock price is $32.24

2. The required rate of return is computed by using an formula which is shown below:

= (Current Year dividend ÷ Current stock price)+ growth rate

where,

current year dividend is = D1

And, D1 = DO × (1+g)

where,

DO = previous dividend share

g = growth rate

So, $1 × (1+0.04)

= $1 × 1.04

= $1.04

Now apply these values to the above formula

So, required rate of return is equals to

= ($1.04 ÷ $31) + 0.04

= 7.35%

Hence, the required rate of return is 7.35%

5 0
3 years ago
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