Answer:
The correct answer is: marginal product; average product of labor
Explanation:
Marginal product of a resource or input can be defined as the increase in output because of employing an additional unit of that resource or input.
It can be calculated by the ratio of change in output to change in input.
The variable factor in the short run is labor. Average unit produced by each labor unit is termed as the average product of labor.
It is calculated by the ratio of total output to quantity of labor employed.
Answer:
LPD's projected gross profit for April is $70.000 (B)
Explanation:
We can define Gross Profit as follows:
<u>Sales - Cost of goods sold</u>
In our case, we need to find the gross profit for April:
Projected Sales: $350.000
Cost of goods: <u> -$280.000 ($350.000 * 80%)</u>
Gross Profit: $ 70.000
The other information can help us to define cash management, because they are related with payments, for example: sales collected, cost payments or cash balance.
Answer:
6.92%
Explanation:
The computation of the annually compounded rate of interest is presented below:
Future value = Invested amount × (1 + rate)^number of years
where,
Invested amount = $1,800
Rate = ?
Number of years = 1 year
The future value = $1,924.62
So, the rate is
$1,924.62 = $1,800 × (1 + rate)^1
After solving this, the rate is 6.92%
Group of answer choices.
a. an increase in consumer incomes
b. an increase in the price of natural gas
c. a decrease in the price of heating oil
d. a decrease in the price of natural gas
Answer:
a. an increase in consumer incomes
Explanation:
A market demand curve is used to graphically represent the quantity of goods demanded by all the buyers or consumers at different price points.
This ultimately implies that, a market demand curve can be determined by the horizontal summation of the various quantities for which, each buyer or consumer in a market is willing to pay for at different prices.
Thus, the market demand curve is downward sloping due to the fact that as the price of a product increases, the quantity demanded by the consumer decreases.
Generally, the demand for a good or service increases when consumer income increases and it decreases when the income earned by consumers fall. Thus, the demand for goods or services is directly proportional to consumer income.
Hence, a factor which would cause an increase in the demand for natural gas is an increase in consumer incomes.
