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Andrew [12]
3 years ago
6

Austin's total fixed cost is $3,600. Austin employs 20 workers and pays each worker $60. The average product of labor is 30, and

the marginal product of the twentieth worker is 12. What is the marginal cost of the last unit produced by the last worker Austin hired? a $60 b $720 c $240 d $0.20 e $5
Business
1 answer:
Lorico [155]3 years ago
6 0

Answer:

$5

Explanation:

The marginal cost is the increase or decrase in total production cost if output is increased by one more unit.  The formula to obtain the marginal cost is change in costs/change in quantify.

MC= ´TC/ ´Q

Where:

´=Change

TC= Total cost

Q= quantity

If the price you charge per unit is greater than the marginal cost of producing one more unit, then you should produce that unit

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When a firm has international operations, choosing the most appropriate structure depends upon the extent of international expan
valkas [14]

Answer:

True

Explanation:

When a firm has international operations it should choose the most appropriate structure based on the following factors:

  1. extent of international expansion: into how many international regions do we plan to expand our activities.  
  2. the type of strategy: the have to choose between global, multidomestic or international strategy
  3. the degree of product diversity: on how many additional markets will our products compete? regionally or globally

Although 1 and 3 may be similar, there can be significant differences. For example, a US company may want to start selling their products in all of South America (regional product diversity), but it will do it by setting a South American office in Brazil only (international expansion is limited to Brazil only).

5 0
3 years ago
As of 2018, U.S. tax law limits the tax deduction for interest payments to 30 percent of: Multiple Choice
frutty [35]

Answer:

EBIT

Explanation:

As of 2018 US Tax law limits the tax deduction for interest payments to 30 percent of EBIT.

<em>The Office of Tax Policy develops and implements tax policies and programs, reviews regulations and rulings to administer the Internal Revenue Code.</em>

<em />

4 0
2 years ago
Jim gets a job in a group home for disabled adults. The executive director tells Jim that if he works hard and earns favorable r
Sveta_85 [38]

Answer:

A) meritocratic.

Explanation:

Meritocratic:   It is defined as a social system where people´s status and success depend on their talent, skills, and contribution to society rather than wealth or social position. It gives priority to merit in society and promotes equality in society. The opposite of meritocratic is nepotism, which creates a gap in a society and provides an opportunity to only a privileged one.  Meritocracy term was first time used by Michael Young.

In the given case, Jim get a job, where executive director tell him that if he works hard and earns favorable reviews, he could work his way up to a position of greater responsibility and income. Therefore, such system is referred as Meritocratic.

3 0
3 years ago
The opportunity cost of an action is
gogolik [260]

Answer:

d. the highest valued alternative forgone as the result of choosing an option

Explanation:

An opportunity cost is anything that you sacrificing one thing for the other due to lack of recources and Scarcity of time

For example leisure time and working hours

6 0
3 years ago
The following transactions were completed by The Irvine Company during the current fiscal year ended December 31: Feb. 8 Receive
nirvana33 [79]

Answer:

See every requirement in details bellow

Explanation:

6 0
3 years ago
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