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oksano4ka [1.4K]
2 years ago
10

Grace is a self-employed artist. She can make 20 pieces of pottery per week. She is considering hiring her sister Kate to work f

or her. Both she and Kate (together) can make 55 pieces of pottery per week. What is Kate’s marginal product?
Business
1 answer:
riadik2000 [5.3K]2 years ago
6 0

Answer: 30 pieces of pottery

Explanation:

The marginal product could simply be explained as the resulting change in output as a result of employing one more unit of labor (input).

When Kate works alone ; pieces of pottery made = 25 pieces

Output when she employed her sister (Kate) and they work together, output = 55 pieces

Hence, Kate's marginal product ;

55 pieces - 25 pieces = 30 pieces

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Within the relevant range of activity ______. variable costs do not change in total, only per unit fixed costs remain constant i
Vlad1618 [11]

Answer:

False

Explanation:

Within the relevant range of activities, total fixed costs remain constant and fixed costs per unit decrease as total output increases. Total variable costs vary depending on total output, but variable costs per unit should remain constant.

On a long term basis, all costs are variable, that is why it is important to consider the range of activities, i.e. output levels.

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3 years ago
Four types of visual aids<br>​
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FOUR types of visual aids are, but not limited to, physical samples, models, handouts, pictures, videos.

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2 years ago
To motivate employees to perform better, the human resources department of Martianse, a chain of retail apparel stores, replaced
Lynna [10]

Answer:

- Behavioural Substitution

Explanation:

Martianse human resources department uses and deploy the concept of Behavioural Substitution.

To begin, Martianse goal, as a firm, is to motivate the employees to perform better. Hence, the human resources department has come up with measures to achieve that. It is thus believed that replacing the fixed incentive system hitherto known with the firm, should be replaced by a performance based system. By this, the firm believes its primary goal will be accelerated.

Behavioural Substitution is thus the concept that the human resources department has displayed in their analysis and engagement. For one, behavioural substitution is simply the procedures aimed at replacing and/or supplanting efforts and actions that does not lead to goal accomplishments. By general belief, the old style of reward system used by Martianse has been seen as one not leading to goal actualization. Hence, it is important to substitute this non productive reward system with one established to elicit more better and improved performance from the workforce.

7 0
3 years ago
Pittman Framing's cost formula for its supplies cost is $1,200 per month plus $20 per frame. For the month of November, the comp
Darya [45]

Answer:

$450 U

Explanation:

Spending Variance for Supplies = Standard Cost - Actual Cost

Standard cost formula = $1,200 per month + $20 per frame

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= $1,200 + $12,200

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Spending Variance = $13,400 - $13,850

<u>= -$450 Unfavorable</u>

Since the value is negative the variance is unfavorable as actual cost is more than standard cost of the product.

8 0
3 years ago
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