Answer:
$68.11 per hour
Explanation:
Labor productivity is measured as total output value per labor hour, or how much money (total units produced x unit price) is produced during each labor hour.
Flagstaff has 8 workers and each one has worked 45 hours during the first week of March = 8 x 45 = 360 total labor hours
total output during the first week of March was worth = (52 second garments x $100 per unit) + (92 flawless garments x $210 per unit) = $5,200 + $19,320 = $24,520
labor productivity = $24,520 / 360 hours = $68.11 per hour
The competition in the perfectly competitive market are known to be few in the actual sense.
<h3>What is a perfectly competitive market?</h3>
This is the type of market that is known to have barriers to entry in the market.
In such a business or a market type there is symmetry and their is perfect information existing for the consumers and the producers.
The following are the characteristics of this type of market
- Firms that produce identical goods
- large number of buyers
- Many sellers of the products
- The buyers and the sellers have perfect information that would enable them to make decisions.
Read more on perfect competitive market here: brainly.com/question/1748396
#SPJ1
Answer:
$1,551,222.84
Explanation:
We should assume the interest are implicity charged in the note payments.
In order to record the equipment at their fair value at the momnet of purchase, we will discount the note using 11% discount rate
The note will be an annuity for $500,000 during 4 year at rate 11%
C 500000
time 4
rate 0.11
PV
This is the value of the equipment at present value, without the interest charged on the note.
Under this value it should be recorded.
Answer:
You need to say the area and occupation
Explanation: