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3 years ago

The marginal product of labor is equal to the

Business

1 answer:

Ksivusya [100]3 years ago

8 0

Answer:

B. increase in output obtained from a one unit increase in labor

Explanation:

Marginal product is the change in output as a result of a change in factor input such as labor (L) or capital (K).

Marginal product of capital is the change in output resulting from a change in capital.

It can be calculated by :

Marginal product of capital (MPK)= change in output/change in capital

That is,

MPK=∆Q/∆K

Marginal product of labor is the change in output when additional labor is added. Only labor changes in marginal product of labor. It can be calculated by

Marginal product of labor (MPL)= change in output/change in labor

That is,

MPL=∆Q/∆L

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A cause can have many final manifestations. this is referred to as

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The manifestations of cause are referred to as the effects

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3 years ago

Farm and Country Bank provides credit to the farmers, ranchers, and other rural residents of its community. What government prog

vitfil [10]

Farmer Mac helps Farm and Country Bank maintain enough capital to provide credit loans to the farmers, ranchers, and other rural residents of its community.

<h3>What is Farmer Mac?</h3>

The United States federal government founded the Federal Agricultural Mortgage Corporation, better known as Farmer Mac, as a secondary market for agricultural loans, such as mortgages for agricultural real estate and rural housing, in 1988. Farmer Mac is a stockholder-owned, publicly listed firm. The business buys loans from agricultural lenders and then markets products that are secured by those loans. The business collaborates with the US Department of Agriculture as well.

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2 years ago

For banks, online transactions are an inexpensive alternative to branch banking. Transaction costs are about ________ per online

MaRussiya [10]

Answer:

The corrects answers that fills the gaps are: 2 cents; $1,07.

Explanation:

Electronic payment methods are a payment system that facilitates the acceptance of payments to carry out transactions without having to use cash. The development of financial systems and advances in information technology have allowed the emergence of these new means of payment, which are increasingly used worldwide.

Among the main electronic means of payment can be mentioned: debit cards, credit cards, mobile wallet and internet transactions - electronic banking.

The advantages:

- They are safer than the use of cash.

- They allow paying for goods or services in an immediate or faster way.

- They allow easy control over the operations and expenses incurred.

- They can be used to make purchases online.

- In some cases, they help build a credit history.

- They allow access to financial products and services.

4 0

3 years ago

Assume an analyst has been hired to estimate the price elasticity of demand for hamburger (which sells for about $2.30 per pound

Pepsi [2]

Answer:

The correct answer is B

Explanation:

Price elasticity of the demand evaluates the demand responsiveness after the change or variation in the product own price.

The formula for computing the coefficient of price elasticity, is the factors which affect the elasticity and also elasticity is vital for business when deciding the prices.

So, Filet mignon(F) sells for $20 per pound when compared to that of hamburger (H) which sells the product for $2.30 per pound. F have the higher price as compare to the H, therefore, the coefficient of the price elasticity of demand in absolute value will be high or larger for F than that of H.

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3 years ago

At the beginning of 2020, Concord Company acquired a mine for $3,251,600. Of this amount, $124,000 was ascribed to the land valu

Sav [38]

Answer:

A. $737,520

B. $530,320

Explanation:

a. Computation for the total amount of depletion for 2020.

First step is to calculate the Depletion Rate

Depletion Rate = ($3,251,600 - $124,000 + $49,600 + $210,800)/12,100,000

Depletion Rate= $3,388,000/ 12,100,000

Depletion Rate= 0.28

Now let calculate the total amount of depletion for 2020.

2020 Total amount of depletion= 0.28 × $2,634,000

2020 Total amount of depletion= $737,520

Therefore the total amount of depletion for 2020 is $737,520

B. Computation for the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020.

Expense amount charged= ($737,520/$2,634,000)* 1,894,000

Expense amount charged=0.28 *1,894,000

Expense amount charged=$530,320

Therefore the amount that is charged as an expense for 2014 for the cost of the minerals sold during 2020 is $530,320

7 0

3 years ago