The marginal product of labor is 10.
Data and Calculations:
Production function = Q = 20K0.5L0.5 = 20 x K x 0.5 x L x 0.5
Where:
Q = number of surgeries per day
K = number of machines
L = number of employees
Assuming that:
K = 2
L = 2
Therefore, Q1 = 20 x 2 x 0.5 x 2 x 0.5
= 20 surgeries per day
Q2 = 20 x 2 x 0.5 x 3 x 0.5
= 30 surgeries per day
Change in productivity = 10 (30 - 20)
Change in labor = 1 (3 - 2)
Marginal product of labor = change in output / change in labor
= 10 (10/1)
Thus, the marginal product of labor for the production function is 10.
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Net Present Value is the difference between the present value of cash flows and the initial investment.
Net Present Value = Present Value of cash flows - Initial Investment
The following image shows the Net Present value of the cash flows:
Net Present Value = $122,142 - $120,000
Net Present Value = $2,142
Answer:
The current ratio is 1.18 times
Explanation:
Current Ratio: The current ratio is that ratio which shows a relationship between the current assets and the current liabilities
The computation of the current ratio is shown below
Current ratio = Total Current assets ÷ total current liabilities
where,
Total current assets = Cash + short-term investments + net accounts receivable + merchandise inventory
= $43,500 + $27,000 + $102,000 + $125,000
= $297,500
And, the total current liabilities is $251,000
Now put these values to the above formula
So, the ratio would equal to
= $297,500 ÷ $251,000
= 1.18 times
The long term note payable is not a current liabilities,hence it is not considered in the computation part.
The Pricing strategy which Dream Homes implemented is known as Price lining (Option A) which categorized the prices accordingly with the financial soundness of the customers.
Explanation:
The demand for more goods always plays a vital role in ensuring good sales. The likes of the customers towards particular products depend upon the nature of unique features and its fine quality. By capturing the pulse of the purchasing power of the customers, the business ventures fixed the prices according to the level of economical weaker sections, middle, and high-income groups.
In this case, Dream Homes fix the price of freezers by measuring the ability of customers' to buy them without compromising with the customers requirements. Dream Homes uses the price lining method to gain customers' reputation by selling the products accordingly with their status of income level.
Answer:
Option d would be the correct approach.
Explanation:
- The organized database of the important tasks required in carrying out a task that has been extrapolated from such a job description and used in job classification and assessment and personnel policies as well as positioning.
- This usually includes tasks, intent, obligations, nature including employment conditions of a position including the description of the position, as well as the identity or description of the individual the input data to.
Many examples do not apply to the subject being discussed. So option d is indeed the right one.
