1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mash [69]
3 years ago
6

A firm is a competitive seller of output at amarket price of $3. The only resource itrequires to create its product is labor, wh

ich itpurchases competitively at a wage rate of $6per hour. The last worker it employs increasestotal output from 36 to 40 units per hour.What is the marginal revenue product for thisworker?(A) $3
(B) $6
(C) $12(D) $24
(E) $40
Business
1 answer:
bulgar [2K]3 years ago
4 0

Answer:

B. $6

Explanation:

Marginal revenue for the worker = change in wage ÷ change in quantity output

Change in wage = (40×$6) - (36×$6) = $240 - $216 = $24

Change in quantity output = 40 - 36 = 4

Marginal revenue for the worker = $24 ÷ 4 = $6

You might be interested in
Expenditures for consumer goods and services $4,565
krek1111 [17]

Answer:

a. $640 billion.

Explanation:

Net investment = $225

Gross investment = $865

Depreciation = Gross investment - Net investment = $865 - $225 = $640

Therefore, on the basis of Table, depreciation is  a. $640 billion.

5 0
3 years ago
A ____________ approach to solving the recession in this example would have no uncertainty regarding the attainment of the short
Ksju [112]

Answer:

monetarist approach                            

Explanation:

Monetarism relates to the school of thought that prioritizes the function of government agencies in regulating the number of resources in circulation in monetary economics. Monetarist theory argues that differences in the currency supply have significant short-term and longer-term impacts on federal output and price rates.

If a country's money supply decreases, business activity will rise, as per monetarist theory; the opposite is also correct. The monetarist philosophy is driven by a standard equation, MV= PQ, in which M will be the money supply, V is just the pace and P refers to the price of commodities, and Q is the sum of commodities.    

5 0
3 years ago
Required Information
il63 [147K]

Answer:

$1140.28

Explanation:

The computation of the net present value of this investment is shown below:-

= Annual Cash flows × Present Value of Annuity Factor (r , n) - Initial Investment

as

Annual cash flows = $8600

Present Value of Annuity Factor (r , n)

r = 10% and n = 4 years

So, the Present Value of Annuity Factor will be the sum of the present value of 4 years at 10%

For Year 1 = 0.9091

For Year 2 = 0.8264

For Year 3 = 0.7513

For Year 4 = 0.6830

Total = 3.1698

Therefore,

Net Present Value = (Cash inflow × Total) -

Initial Investment

= ($8600 × 3.1698) - $26,120  

= $27,260.28 - $26,120

= $1140.28

6 0
3 years ago
When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will
kipiarov [429]

When seeking financial backing from a venture capitalist, a small business owner should realize that the venture capitalist will expect an ownership stake in the company in exchange for financial backing.

Venture capitalists are investors that provide capital to small businesses, young companies, and start-ups in exchange for an equal value share in the asset and expect ownership.

Small businesses do not have adequate capital and turn to venture capitalists for financial backing to expand and upscale their projects. Venture capitalists do not invest in budding businesses but choose businesses that have strong management and clear concepts and are ready to market their products. Due to uncertainty in the investment outcome, venture capitalists tend to have a high failure rate, but the investments that do pan out tend to be high yield.

You can learn more about venture capitalist at

brainly.com/question/18776651

#SPJ4

5 0
2 years ago
An investment promises to return $1,000 at the end of each of the next 5 years and then $2,000 at the end of each of the next 10
Andrew [12]

Answer:

sorry i dont know i was trying but cant figure it out

Explanation:

7 0
2 years ago
Other questions:
  • Consider a two-step mortgage for $150,000, 30 years, monthly payments, an initial interest rate of 5%, a cap of 5%, and a single
    15·1 answer
  • If overstock.com earns a rate of return exactly equal to what is necessary for it to continue​ operations, then its
    12·1 answer
  • Suppose the Federal Reserve sells Treasury bills. We can expect this transaction to _____ the money supply, _____ Treasury bill
    5·1 answer
  • How should the organization keep track of the number of candy bars ordered and the number sold​
    11·1 answer
  • A forecast is defined as a(an) Select one: A. set of observations on a variable measured at successive points in time. B. quanti
    10·1 answer
  • perline, inc., has balance sheet equity of $6.2 million.At the same time, the income statement shows net income of $948600. The
    11·1 answer
  • Describe how McDonald's goods and services were in high demand by incorporating the ideas of needs and wants .
    14·2 answers
  • on january 1, you sold short one round lot (that is, 100 shares) of snow’s stock at $21 per share. on march 1, a dividend of $3
    10·1 answer
  • he concept of ______ is probably the best single measure of an industry's impact.A. total outputB. total spendingC. aggregate ma
    10·1 answer
  • the final report should include an assessment of the effectiveness of the project team, not only in terms of actual performance
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!