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il63 [147K]
3 years ago
9

An avocado orchard employs five full-time workers.​ Currently, the average product of labor is 120 pounds of avocados per day. T

he orchard hires a 6th full-time worker and his marginal product is 150 pounds of avocados. The average product of the six workers will now be _______.
Business
1 answer:
Elenna [48]3 years ago
7 0

Answer:

125 pounds

Explanation:

Firstly, we need to know the total product of labor of the five full time workers.

This is equal to 120 * 5 = 600 pounds

The last worker is 150 pounds

The total now is 600 + 150 = 750 pounds

The average product of the six workers will now be 750/6 = 125 pounds

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Products whose demand levels connected to other products are called?
lord [1]
I think the answer is complementary goods.
7 0
3 years ago
The Robinson-Patman Act of 1936 Group of answer choices made conspiracy in the restraint of trade illegal. made price discrimina
kvv77 [185]

Answer:

The correct option is: attempted to decrease the failure rate of small businesses by protecting them from the competition of large and growing chain stores

Explanation:

The  Robinson-Patman Act. was an amendment to  Clayton aniti-trust Act,it was enacted to address the issue of price discrimination.

The Act provided that businesses should charge the same prices to consumers not minding who the buyers are,hence the practice of higher bargaining power of large retail  stores using their buying strength to buy in large quantity at lower price was nipped in the bud.

Previously,these large retail stores were able to buy at cheaper prices compared to smallholder retailers and were able to sell at cheaper prices too,thereby driving the retailers out of business.

6 0
4 years ago
Assume the risk-free rate is 4%. You are a financial advisor, and must choose one of the funds below to recommend to each of you
qwelly [4]

Answer:

Following are the solution to the given point.

Explanation:

Calculate each fund's Sharpe ratio. It Fund is the best danger reward with the highest Sharpe ratio.

\text{Sharpe Ratio} = \frac{\text{(Fund return - \text{risk free return)}}}{Volatility}\\\\\to Fund A= \frac{(10\%-4\%)}{10\%} = 0.6\\\\\to Fund B= \frac{(15\%-4\%)}{22\%} = 0.5\\\\\to Fund C = \frac{(6\%-4\%)}{2\%}=1.0\\\\

Fund C consequently offers the best risk-benefit. and without understanding client risk preference, we will advise Fund C for any clients. If a client wants to have a 22 percent minimum volatility, we'll nevertheless propose that Fund C instead of Fund B is available, because an investor can take risk-free rates to the degree that the total portfolio volatility stands at 22 percent and deposit it in Fund C.

8 0
3 years ago
During the month of March, Harley's Computer Services made purchases on account totaling $44,900. Also during the month of March
kolbaska11 [484]

Answer:

e. $85,300.

Explanation:

ending accounts payable

= beginning accounts payable + purchases - payment of accounts payable

= $78,000 + $44,900 - $37,600

= $85,300

Therefore, The balance in accounts payable at the end of March is $85,300.

4 0
4 years ago
Miller’s Dairy produces 960 gallons of milk per day. Each milker at the dairy works 8 hours per day and produces the same number
IrinaK [193]

Answer:

The correct answer is option b.

Explanation:

A dairy is producing 960 gallons of milk per day.

Each milker works 8 hours and produces the same amount of milk.

For per hour of labor the diary produces 12 gallons of milk.

Quantity of milk produced by a labor in 8 hours

= Production\ in\ one\ hour\times No.\ of\ hours

= 12\times 8

= 96 gallons

The number of workers required to produce 960 gallons per day

= \frac{Total\ daily\ Production}{Daily\ production\ by\ each\ labor}

= \frac{960}{96}

= 10 workers

6 0
3 years ago
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