Answer:The formula for calculating marginal product of labour is output/no of workers
Explanation:For each day ,you will divide the output by the number of workers to get the MPL
Day 1 = _ because no production took place
Day 2 = 60/1=60
Day 3 = 100/2 =50
Day 4 = 130/3 = 43.3
Day 5 = 150/4 =37.5
Day 6 =160/5 =32
This in in line with the law of diminishing marginal product of labour .
Answer:
Explanation:
To complete WIP
Conversion: 16,100 units × (100% – 20%) 12,880
Units started and completed (101,000-16,100) 84,900
Ending work in process:
Conversion: 13,100 units × 30% 3,930
Equivalent units of production 101,710
Cost added during the period $ 594,123
Equivalent units of production 101,710
Cost per equivalent unit $ 5.84
Answer:
capitalism, also called free market economy or free enterprise economy, Explanation:
Answer and Explanation:
There are two main pricing objective and strategy i.e competitive pricing and penetrative pricing which are explained below:
1. Competitive pricing :
In this Agatha's Inc, all five rivals should evaluate pricing models for a related kind of product. If your product has a little more value added than your collegaues, then you can establish a target price target that is higher than the competitors.
Now to do that, it's necessary to send the customer a message that they're purchasing value for a price.
2. Penetrative pricing :
When the target price is set on the basis of the competitive pricing model , it is important to obtain the product favourably from the consumer and to do so you can start selling a little lower than the target price and sell the goods as a discount or promotional deal.
If the initial sales are strong and buyers like the product then return the product to target pricing and do intensive marketing to sell the message that the product 's cost is a bargain for the value provided by the company.
The mixture of the above two pricing strategies would ensure a better positioning of Agatha's Inc product with better profitability.
Answer:
The recognized gain and the basis for the bonds is $7.000
Explanation:
Consider the following calculations to obtain the recognized gain
Taxpayer's recognized gain = Sale value of Stock - Adjusted basis value of stock
=(15000+2000) -10000 =$7000