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Andrei [34K]
3 years ago
8

Suppose there is perfect competition in the output market and the labor market and that the output price is $10 and the wage is

$350 per hour. In this case, the demand for labor by the firm equals _____ hours.
Business
1 answer:
Pani-rosa [81]3 years ago
4 0

Answer:

2 hours of labor

Explanation:

Labor is hired up to a point where the marginal product of labor * Price of the output = wage of the worker.

Thus, 35 * 10 = 350.

35 widgets are produced using 2 hours of labor.

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The sales department of a mutual fund firm sets goals for the next fiscal year to sell a certain number of mutual funds each mon
dezoksy [38]

Answer: Objective

Explanation:    

According to the given question, the company is only sets the main target on the basis of given requirement but does not provide any other details.

So, this organizational goals is known as the objective goals as it sets the main effective objective without providing any other details.

The main purpose of the objective goals is to developing the main policies related to sales and progress in an organization by setting the main aim of the company. Therefore, Objective is the correct answer.

4 0
3 years ago
Answer the folowing:1. Depreciation expenses directly affect a company’s taxable income. (True / False.)2. An increase in deprec
Olegator [25]

Depreciation expenses directly affect a company’s taxable income. (True / False.).2. An increase in depreciation expense will ________ tax deducted from a company's earnings, thus leading to a ________ operating cash flow is given in the following.

Explanation:

Depreciation expenses directly affect a company's taxable income is true.

  • By charting the decrease in the value of an asset or assets, depreciation reduces the amount of taxes a company or business pays via tax deductions. The smaller the depreciation expense, the higher the taxable income and the higher the tax payments owed.

Increase in depreciation expense

  • Increasing Depreciation will increase expenses, thereby decreasing Net Income. ... Balance Sheet: Net Fixed Assets (generally Plant, Property, and Equipment) is reduced by the amount of the Depreciation. This reduces Fixed Assets. It also reduces Net Income and therefore Retained Earnings (Shareholders' Equity) as well.
  • A depreciation increases the cost of imports so there will be an increase in cost-push inflation. A depreciation makes exports more competitive – without any effort. In the long-term, this may reduce incentives for firms to cut costs, and could lead to declining productivity and rising prices.
5 0
3 years ago
Drew bought a computer for personal use from Hale Corp. for $3,000. Drew paid $2,000 in cash and signed a security agreement for
Svet_ta [14]

Answer:

Obtain a deficiency judgment against Drew for the amount owed.

Explanation:

Even though Hale repossessed the computer, it must still seek a deficiency judgment against Drew in order to recover the money owed. If Drew cannot pay his debt, he has the right to request Hale to sell the computer in order for Hale to recover the money owed.  

Repossession is one way that a lender can use to reclaim property that was put as collateral for a loan. For example, if you do not pay your car loan, the lender can simply repossess your car by taking it away without a court order. But the debtor still had the right to try to reclaim the property by paying the debt or agreeing on some type of payment procedure.

6 0
3 years ago
Jarvis is a coffee farmer who wants to hedge his entire coffee crop that will be harvested by September. The December coffee con
aleksandr82 [10.1K]

Answer: Sell four December coffee future contracts at $2.00 per pound

Explanation:

Based on the scenario in the question, the number of contracts that is required for hedging the entire crop will be gotten by dividing the total number of crops by the pounds that are available in one contract. This will be:

= 150,000/37,500

= 4 contracts

Therefore, the answer will be for Jarvis to sell four December coffee future contracts at $2.00 per pound

6 0
3 years ago
Kodak's marketing team identifies a group of people who are most likely to use the company's new digital technology and creates
kifflom [539]

Answer:

Receivers

Explanation:

An effective communication involves sending a message and the message being received and understood by the receivers. Simply put, communication is the exchange of message between a sender and receiver.

In the above wuestion, the individuals who are the target of the advertising are receivers as those receivers are the ones that can make sense of the advertisement and thus measn the message being passed across is understood.

Cheers

4 0
3 years ago
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