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KIM [24]
3 years ago
11

Suppose two workers can harvest $46 and three workers can harvest $60 worth of apples per day. On the basis of this information

we can say that the rev: 06_13_2018 Multiple Choice marginal product of each of the first two workers is 23. marginal revenue product of each of the first two workers is $23. marginal revenue product of the third worker is $14. third worker should not be hired.
Business
2 answers:
Molodets [167]3 years ago
8 0

Answer:

Marginal revenue product of the third worker is $14

Is the increase in revenue that results from the ale of one additional unit of output.  

Andrews [41]3 years ago
8 0

Answer:

marginal revenue product of the third worker is $14

Explanation:

Given;

Two workers can harvest $46 worth of apples per day

The addition of a third worker to the two results in an harvest of $60 worth of apples per day.

Marginal product's worth is equivalent to the differential products worth on addition of the third worker.

Marginal products' worth = $60 - $46 = $14

The marginal revenue product of the third worker is $14.

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llowing is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2011 ($ millions):
shutvik [7]

Answer:

hello your question is incomplete below is the complete question

Formulating Financial Statements from Raw Data

Following is selected financial information from General Mills, Inc., for its fiscal year ended May 29, 2011 ($ millions):

Revenue                                      $14,880.2

Cash from operating activities 1,526.8

Cash, beginning year                  673.2

Stockholders' equity                6,612.2

Non-cash assets                       18,054.9

Cash from financing activities* (865.3)

Cost of goods sold                 8,926.7

Total expenses (other than cost of goods sold) 4,155.2

Cash, ending year                           619.6

Total liabilities                           12,062.3

Cash from investing activities   (715.1)

*Cash from financing activities includes the effects of foreign exchange rate fluctuations.

(a) Prepare the income statement, the balance sheet, and the statement of cash flows for General Mills for the fiscal year ended May 2011.

Hint: Enter negative numbers only for answers in the statement of cash flows (if applicable).

Explanation:

Attached below are the tables prepared by me showing the income statement for the year ending may 29 2011, Balance sheet ending May 29 2011, statement of cash flows fo year ending May 29 2011

3 0
3 years ago
What is plan and goal?​
Artist 52 [7]

Answer:

Plan can be defined as the steps that you have set or layed down to achieve a goal

While goal are those things that you have planned to achieve in a lifetime, goals are mainly priorities. hope this helps

5 0
2 years ago
Consider a Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor (the number of
olga_2 [115]

Based on the above scenario, the production function is Y=K1/3L1/3H1/3.

<h3>What is  production function?</h3>

The word production function is known to be an equation that is said to be the one that shows the relationship between the quantities of productive factors (that is labor and capital) that are said to be used and also the number of product that has been obtained.

Note that from the above, the equation that stands for Cobb-Douglas production function with three inputs. K is capital (the number of machines), L is labor, and H is human capital  is Y=K1/3L1/3H1/3.

Learn more about production function from

brainly.com/question/25672041

3 0
3 years ago
Broker Bill has several agents in his employ. Agent Smith, an "S-Corporation" himself, has his commission checks written out to
algol [13]

Answer:

C. managing broker over Agent Smith

Explanation:

a managing broker is someone is  held liable over the actions of another broker office or agency that act on the managing broker's behalf. Thse office or agnecy are allowed to act without direct order from the managing broker, but managing broker will be the one that receive all the consequences.

All the profit that is made by managed entity (in this context agent smith) will have to goes to managing broker first and the managing broker will share the profit on a private term with Agent Smith.

In return, the managing broker will have to ensure that all of the agents that he/she has under disposal have to follow the compliance rule that is made by the government. He will manage the licence and annual tests of the agents in order to ensure consumer safety.

3 0
3 years ago
When using a __________ strategy, there is no change in either the basic product line or the markets served. Instead, increased
Dima020 [189]

Answer: market development

Explanation: In simple words,market development refers to the strategy in which a firm tries to cover new market or increase its sales in the existing market through promotion or product development etc.

These strategies are usually used by the multinational corporations that are going to start their business in some new foreign country.

Hence from the above we can conclude that the correct option is B.

6 0
3 years ago
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