Answer:
The average product of three workers is <u> 40 </u>, and the marginal product of the third worker is <u> 20 </u>.
Explanation:
The average product of labor is the total product divided by the total quantity of labor, this is calculated below:
Total product = 120
Total quantity of labor = 3
∴ average product = 120 ÷ 3 = 40
The marginal product is defined as the output that results from employing an additional labor unit. In this case, when the labor unit was 2, the total product was 100, when a third labor was employed, the total product increased to 120, hence the contribution of the third labor = 120 - 100 = 20. Hence, the marginal product is 20.
Answer:
It factors GDP in relation to the country's population
Explanation:
The second option "It cannot be used to identify the country's economic expansion or contraction" is incorrect because GDP can be used to tell if the economy of a nation is healthy or if it is heading into recession. Also, GDP cannot tell you the profit of corporate oversea operations, neither can it tell you the profit earned by foreign companies operating within the country, it can only tell the value of all products and services that were produced in a country within a period. However, GDP per capita is a measure of the gross domestic product against the population of the country, and hence the correct option is that It factors GDP in relation to the country's population.
Answer:
4.86%
Explanation:
Given that
Expected sales = $360,000
Break-even sales = $342,500
The computation of the margin of safety is shown below:-
Margin of safety (in percent) = (Expected sales - Break-even sales) ÷ Expected sales
= ($360,000 - $342,500) ÷ $360,000
= $17500 ÷ $360,000
= 4.86%
Therefore, for computing the margin of safety we simply deduct break even sales from expected sales and after result we divide with expected sales.
Answer:
the answer is 94165
Explanation:
first let's find the amount of the down payment. It is 30% of the total.
310000 x 0.30 = 9,000
now we just need to add on all the additional costs.
93000 + 100 + 250 +190 + 275 +70 + 280 = 94165
Inspection would be your answer. I hope this helps!
