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UNO [17]
3 years ago
12

Suppose a monopsonist hires its second worker and this hiring has a marginal factor cost of $75 per day. if the market wage is n

ow $62.50 per day, what was the first employee earning when she worked alone
Business
1 answer:
ryzh [129]3 years ago
5 0
Given:
marginal factor cost of 75 per day after hiring 2nd worker.
market wage is now 62.50 per day for both workers.

62.50 x 2 workers = 125
125  - 75 marginal factor cost = 50

The first employee earns 50 per day when she worked alone.
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Investments and loans base their interest calculations on one of two possible methods: the interest and the interest methods. Bo
IrinaK [193]

  1. FV = PV Times (1 + r)^n
  2. FV = PV + (PV Times r Times n)
  3. False
  4. False
  5. True
  6. Laura should invest in investment P

Investment = L  FV = $66,485.49  Make this investment? No

Investment = M  FV = $59,400  Make this investment? No

Investment = P  FV = $77,318.37  Make this investment? Yes

Explanation:

  1. Compound interest: FV = PV Times (1 + r)^n
  2. Simple interest: FV = PV + (PV Times r Times n)
  3. The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods. False
  4. After the end of the second year and all other factors remaining equal, a future value based on compound interest will never exceed the future value based on simple interest. False
  5. All other factors being equal, both the simple interest and the compound interest methods will accrue the same amount of earned interest by the end of the first year. True

Investment = L

Interest rate and method = 5% compound interest

Expected Future Value, FV = PV (1 + r)^n

FV = 45000 (1 + 0.05)^8

FV = 45000 * (1.05)^8

FV = 45000 * 1.477455 = $66,485.49

Make this investment? Yes / No

Investment = M

Interest rate and method = 4% simple interest

Expected Future Value, FV = PV + (PV * r * n)

FV = 45000 + (45000 * 0.04 * 8)

FV = 45000 + 14400 = $59,400

Make this investment? Yes / No

Investment = P

Interest rate and method = 7% compound interest

Expected Future Value, FV = PV (1 + r)^n

FV = 45000 (1 + 0.07)^8

FV = 45000 * (1.07)^8

FV = 45000 * 1.718186 = $77,318.37

Make this investment? Yes / No

Since she can only make one investment during the eight-year investment period, Laura should invest in investment P

8 0
3 years ago
Sioux Corporation is estimating the following sales for the first four months of next year:January$210,000February$280,000March$
Serjik [45]

Answer:

$358,000

Explanation:

Calculation to determine how much cash should Sioux expect to collect during the month of April

April sales collected in April ($370,000 × 60%) $222,000

March sales collected in April ($340,000 × 40%) $136,000

Total cash collections in April $358,000

($222,000+$136,000)

Therefore the amount of cash that Sioux should expect to collect during the month of April is $358,000

6 0
3 years ago
A term that is not synonymous with property, plant, and equipment is
Murljashka [212]

Answer:

4. intangible assets.

Explanation:

Total assets are classified into current assets, fixed assets, and intangible assets.

Current assets comprise cash, stock, receivable account, etc.  

Fixed assets include plant & machinery, property, facilities, furniture & equipment, etc.

And, the intangible assets are patents, copyrights, goodwill, and other intellectual properties plus they are not seen or even touched.

Whereas the fixed assets or other related synonymous are tangible in nature

6 0
3 years ago
A total of $4000 was invested, part of it at 8% interest and the remainder at 11%. if the total yearly interest amounted to $365
ella [17]
<span>$1500 was invested at 11% $2500 was invested at 8% Assuming simple interest for each investment, we have the following expressions 0.11x = interest on 11% investment. (x = amount invested at 11%) 0.08(4000-x) = interest on 8% investment Adding the 2 expressions together and setting the sum to 365 gives 0.11x + 0.08(4000-x) = 365 Now solve for x by first distributing the 0.08 0.11x + 320 - 0.08x = 365 Subtract 320 from both sides and combine x's 0.03x = 45 Divide both sides by 0.03 x = 1500 So $1500 was invested at 11% and (4000-1500) = 2500 was invested at 8%</span>
7 0
3 years ago
A local restaurant offers an "all you can eat" Sunday brunch for $12. Jenica eats two servings but leaves half of a third helpin
pshichka [43]

Answer:

C. Her marginal value of an additional bite of food has fallen to zero.

Explanation:

Marginal value is a concept used in understanding consumer choices and can be defined as the incremental value derived from consuming an additional unit of a product or service. Jenica's marginal value has fallen to zero since she does not derive any more value from consuming an additional bite of the remaining or uneaten portion of food.

4 0
3 years ago
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