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Nata [24]
3 years ago
8

Let L represent the number of workers hired by a firm, and let Q represent that firm's quantity of output. Assume two points on

the firm's production function are (L = 5, Q = 125) and (L = 6, Q = 152). Then the marginal product of the 6th worker is:
Business
1 answer:
JulijaS [17]3 years ago
7 0

Answer:

Explanation:

Given:

  • (L1 = 5, Q1 = 125)
  • (L2 = 6, Q2 = 152)

So we can form the linear equation that model this situation:

The standard form of it is:

Q = mL + b

So the slope of it is:

  • m =(Q2 - Q1) / (L2 - L1)

<=> m = (152 - 125) / (6 -5)

<=> m = 27

Then the marginal product of the 6th worker 27 units of output.

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Below are the simplified current and projected financial statements for Decker Enterprises. All of Decker's assets are operating
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b.) a financing surplus of $36

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a) Data and Calculations:

Income Statement            Current        Projected

Sales                                     na              1,500

Costs                                    na              1,050

Profit before tax                   na                450

Taxes                                    na                 135

Net income                           na                315

Dividends                              na                95

Balance sheets    Current  Projected                          Current   Projected

Current assets        100        115          Current liabilities 70          81

Net fixed assets   1,200    1,440          Long-term debt 300      360

                                                             Common stock 500      500

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Total                    1,300     1,555            Total              1,300     1,591

b) Financing surplus             36

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