Answer: D. is a necessary, but not sufficient, condition for the maximization of profits.
Explanation:
In the labor market, the condition for equilibrium is that marginal revenue product of labor will be equal to the wage rate, abd also that MPL/PL=MPK/PK.
It should be noted that the equation MPL/PL = MPC/PC is a necessary, but not sufficient, condition for profit maximization.
Answer: In my opinion, it's most likely C
Explanation: they won't be as motivated to hit the sales quota because the bonus is no longer available
Answer:
1. 210.000
2. 140.000
3. No entral journey is required.
Explanation:
- To calculate the accumulated depreciation of the equipment:
Accumulated depreciation = depreciation expected for 1 year * 3 years
= (Cost of the asset - Residual Value)/Life of the asset * 3 years
= ((350.000 - 0) / 5) * 3
= 210.000
2. Calculate the amount to be adjusted to the retained earnings as show below:
Amount to be adjusted = Expense Wrongly debited - depreciation expense for 3 years.
= 350.000 - 210.000
=140.000
3. No journal entry is required to record in the books of accounts because the equipment will not have any value after 2019.
Thus, no journal entry is required.
To solve for the consumer surplus, the formula is;
Consumer surplus = total value – actual value
If jena is willing to pay for $75 then = $75 – $65 = $10
If Jane on the other hand is willing to pay for $85 then =
$85 - $65 = $20
To combine the amount of Jena and Jane to be able to get
both of their consumer surplus,
= $10 + $20 = $30
The combined amount of consumer surplus of Jena and Jane is
$30.
