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fiasKO [112]
3 years ago
13

Your enterprising uncle opens a sandwich shop that employs 7 people. The employees are paid $12 per hour, and a sandwich sells f

or $6. If your uncle is maximizing his profit, what is the value of the marginal product of the last worker he hired? What is that worker’s marginal product?
Business
1 answer:
laiz [17]3 years ago
8 0

Answer:

Value of Marginal Product= 2

Worker Marginal Product = 12

Explanation:

Calculation for what is the value of the marginal product of the last worker he hired

Using this formula

Wages= MP*P

Let plug in the formula

12 = MP*6

Marginal Product = 12/6

Marginal Product= 2

Therefore the value of the marginal product of the last worker he hired will be 2

Now let calculate the worker marginal Product

Worker Marginal Product = 2*6

Worker Marginal Product = 12

Therefore the Worker Marginal Product will be 12

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Since world war ii, the federal government's share of total government expenditures has been between?
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Automatic increases and decreases in government expenditure and taxation that follow the economic cycle. The majority of government spending in the United States took place at the state and municipal levels up to the Great Depression of the 1930s.

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5 0
1 year ago
The risks of vertical integration include all of the following EXCEPT: a. costs and expenses associated with increased overhead
aleksandrvk [35]

Answer: Lack of control over valuable assets

 

Explanation: In simple words, vertical integration refers to a process under which an organisation combines two or more stages of production which were previously performed by any other company.

The vertical integration is done where the company wants to get more hold on its supply chain with the ultimate objective of having better control over valuable assets.

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5 0
3 years ago
Cambridge Co. uses the allowance method. During January 2019, Cambridge writes off a $640 customer account balance when it becom
yan [13]

Answer:

The correct answer is option (a).

Explanation:

According to the scenario, computation of the given data are as follows:

Allowance method shows that, if account is written off, then Accounts receivable account gets credited and Allowance accounts gets debited.

Here, both accounts are or balance sheet items.

So, it will not affect any expenses account.

8 0
3 years ago
When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when A. a customer’s accou
MaRussiya [10]

Answer:

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Explanation:

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When the bad debt are confirm as uncollectible the loss is reflected in the Account Receivable as a Credit with the correspondent debit entry in the Allowance for Doubtful Accounts.    

7 0
3 years ago
You are on your daily jog when a car negligently pulls in front of you. Unable to stop, you run
babymother [125]

Answer:

<u>medically speaking, Yes!</u>

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Since the scenario only <em>involves the individual running into the car, not the car hitting the individual</em>; meaning that he'll have less severe injuries.

To be able to recover from the harm done, the individual may need first aid treated.

3 0
3 years ago
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