Answer:
MRPL= $200 = wage rate when there are 5 workers
and MRPL = $1,200 = wage rate when there are 2 workers.
Explanation:
The computation of unionized is shown below:-
Marginal revenue product of labor = Marginal product × Price per unit
Workers Total Production Marginal Product MRPL
(per day)
a b b × $8
0 0
1 200 200 $1,600
2 350 150 $1,200
(350 - 200)
3 450 100 $800
(450 - 350)
4 500 50 $40
(500 - 450)
5 525 25 $200
(525 - 500)
6 510 -15 -$120
(510 - 525)
From the above table MRPL = $200 = wage rate when there are 5 workers
and MRPL = $1,200 = wage rate when there are 2 workers.
Answer:
Dividend paid during the year will be $55000
So option (B) will be the correct answer
Explanation:
We have given dividend declared during the year=$60000
Dividend payable at the beginning of the year=$20000
Dividend payable at the end of the year=$25000
We have to find the dividend paid during year
Dividend paid during the year=Dividend payable at the beginning of the year+ Dividend declared during the year-Dividend payable balance at the end of the year
Dividend paid during the year=$20000+$60000-$25000=$55000
So option (b) will be the correct answer
