Answer:
A. last; equal to
Explanation:
Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.
A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.
The marginal cost of Labour should equal to the marginal product of labour
The future value of an ordinary annuity of $60 paid at the end of each quarter for 3 years, if interest is earned at a rate of 4%, compounded quarterly will be 907.2$
<h3>What is Compounding?</h3>
Compounding is the method through which interest is added to both the principle balance already in place and the interest that has already been paid. Thus, compounding can be thought of as interest on interest, with the result that returns on interest are magnified over time, or the so-called "magic of compounding." After a year, you would receive $10 in interest if you deposited $1,000 into an account with a 1% annual interest rate. Compound interest allowed you to earn 1 percent on $1,010 in Year Two, which amounted to $10.10 in interest payments for the year.
Hence, The future value of an ordinary annuity of $60 paid at the end of each quarter for 3 years, if interest is earned at a rate of 4%, compounded quarterly will be 907.2$
To learn more about compounding click,
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Answer:
a. $125
b. $10,300
c. $10,425
Explanation:
a. The computation of the explicit cost is shown below:
Explicit cost = Purchase of office supplies + Monthly electricity bill
= $75 + $50
= $125
b. The computation of the implicit cost is shown below:
Implicit cost = Lost of salary + rent out amount lost
= $10,000 + $300
= $10,300
c. The computation of the cost is shown below:
Economic cost = Explicit cost + Implicit cost
= $125 + $10,300
= $10,425
