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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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Read 2 more answers
Using the continuous compounding equation, if someone invested $5,000 at an interest rate of 3.5%, and someone else invested $5,
UNO [17]

Answer:

Therefore after 16.26 unit of time, both accounts have same balance.

The both account have $8,834.43.

Explanation:

Formula for continuous compounding :

P(t)=P_0e^{rt}

P(t)=  value after t time

P_0= Initial principal

r= rate of interest annually

t=length of time.

Given that, someone invested $5,000 at an interest 3.5% and another one  invested $5,250 at an interest 3.2% .

Let after t year the both accounts have same balance.

For the first case,

P= $5,000, r=3.5%=0.035

P(t)=5000e^{0.035t}

For the second case,

P= $5,250, r=3.5%=0.032

P(t)=5250e^{0.032t}

According to the problem,

5000e^{0.035t}=5250e^{0.032t}

\Rightarrow \frac{e^{0.035t}}{e^{0.032t}}=\frac{5250}{5000}

\Rightarrow e^{0.035t-0.032t}=\frac{21}{20}

\Rightarrow e^{0.003t}=\frac{21}{20}

Taking ln both sides

\Rightarrow lne^{0.003t}=ln(\frac{21}{20})

\Rightarrow 0.003t}=ln(\frac{21}{20})

\Rightarrow t}=\frac{ln(\frac{21}{20})}{0.003}

\Rightarrow t= 16.26

Therefore after 16.26 unit of time, both accounts have same balance.

The account balance on that time is

P(16.26)=5000e^{0.035\times 16.26}

              =$8,834.43

The both account have $8,834.43.

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3 years ago
Why did volunteerism fail?
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3 years ago
Which of the following steps of the training design process involves person and task analysis? a. developing an evaluation plan
Alinara [238K]

Answer:

The correct answer is: b. conducting needs assessment.

Explanation:

Needs assessment often begins with a rigorous analysis of existing processes. This process will identify deficiencies and potential areas for improvement. Having identified the improvement needs, an analysis of the available technology, including an investigation of the methods used by other authorities, may indicate that there are one or several technological solutions to those needs.

At this stage it is possible to follow different consultation courses simultaneously:

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Senior officers may consult interested parties regarding the proposed change, if appropriate.

Alternative solutions can be explored to determine if there are less expensive or more effective options - not necessarily all solutions must be technological.

At the end of the needs assessment, there is likely to be a solid understanding of the need for change and a clear indication of the most appropriate option to meet the needs. This information can be used to prepare the next phase of the project development and implementation strategy, the business plan.

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3 years ago
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