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8090 [49]
3 years ago
7

In your computer repair business, it takes an employee 40 minutes to remove a virus. The employee is paid $14 per hour. What is

the direct cost of this service.
Business
1 answer:
DerKrebs [107]3 years ago
5 0

Answer:

$9.34

Explanation:

Provided that,

Time takes for removing the virus = 40 minutes

Paid per hour = $14

We know that 1 hour has 60 minutes so 40 minutes would be equal to

= 40 minutes ÷ 60 minutes

= 0.67

So, the direct cost of this service would be]

= Paid per hour × time taken

= $14 × 0.6667

= $9.34

We simply multiplied the paid per hour by the time taken so that the direct cost could find out

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A profit-maximizing entrepreneur rents an apple orchard for a day. He is a price taker in both the market for labor and the mark
yaroslaw [1]

Answer:

c. 5

Explanation:

L       Q     MPL (ΔinQ/ΔinL)    VMPL

4      52  

5      60              8                       80

6      66              6                       60

7      70               4                       40

8 72               2                       20

Note: Labour hired per day = L, Total product = Q, Marginal Product of labor=MPL, VMPL =Price*MPL

A firm will maximize the profit by increasing the number of labor as long as VMPL is higher than or equal to the wage rate. In this case, we observe that VMPL ($80)>wage rate ($75) for L=5 but VMPL ($60)<wage rate ($75) for L=6. So, the optimal number of labor to be hired is 5.

7 0
3 years ago
The process through which a product or service takes root initially in simple applications at the bottom of a market and then mo
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The process through which a product or service takes root initially in simple applications at the bottom of a market and then moves up, eventually displacing established companies, is referred to as <u>Disruptive Innovation</u>.

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Disruptive innovation refers to using a generation that upsets a structure, instead of "disruptive technology", which refers back to the era itself. Amazon, launched as an online bookstall in the mid-Nineties, is an example of disruptive innovation.

Disruptive innovation is the manner by using which a smaller enterprise—normally with fewer sources—moves upmarket and demanding situations larger, hooked-up corporations.

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8 0
1 year ago
To save for retirement, Jamie decides to invest in an annuity that pays 5% annual interest, compounded annually. If Jamie contri
tatyana61 [14]

Answer:

Interest= $26,131.91

Explanation:

Giving the following information:

Annual deposit= $2,000

Number of periods= 20 years

Interest rate= 5%

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.05^20) - 1]} / 0.05

FV= $66,131.91

<u>Now, we can determine the interest earned:</u>

Interest= future value - total investment

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6 0
3 years ago
Coolers Inc., a house appliances manufacturer, has upgraded its technology by making all its appliances work on voice sensors in
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Answer: The correct answer is "3. platform project".

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