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.
Answer:
False
Explanation:
Kevin should not rise the level of production from 5 to 6 as the impact of the price dominates this situation
Also the market is not depend on the Kevin fire engines because of the competitive market
Plus the supply and demand relation is inverse and not depend on the change in price level in a competitive market
If the price is decreased from $160,000 to $120,000 so the quantity of the production would not be impacted
In addition to this, the total revenue could be impacted when there is a reduction in the price that produced more sale due to this there is a slightly change in upward and downward
Also the change would never be in the similar production as compare to the change in price
Therefore the given statement is false
Lynch Company manufactures and sells a single product. The following costs were incurred during the company's first year of operations:
Variable costs per unit:
Manufacturing:
Direct materials $ 6
Direct labor $ 9
Variable manufacturing overhead $ 3
Variable selling and administrative $ 4
Fixed costs per year:
Fixed manufacturing overhead $ 300.000
Fixed selling and administrative $ 190.000
During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product is $50 per unit.
The four steps of writing an income declaration are: to identify sources of sales, in addition to profits from investments, for an instance pick out business enterprise prices and losses incurred over the same period. Consolidate sales, charges, profits, and losses by means of category, payee, or some other factor.
Learn more about Income statements here:-brainly.com/question/1798830
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Answer:
A) If he thinks that strategy will boost sales, he's cray-cray.
