Answer:
60 pizzas
40 pizzas
Explanation:
Marginal product measures the change in output as a result of a change in input by one unit
Marginal product = change in output / change in input
Marginal product for the 4th worker
Change in output = 360 - 300 = 60 pizzas
Change in input = 4 - 3 = 1 worker
Marginal product = 60 / 1 = 60
Marginal product for the 5th worker
Change in output = 400 - 360 = 40 pizzas
Change in input = 5 - 4 = 1
Marginal product = 40 / 1 = 40
It can be seen that marginal product decreased from 60 to 40 when the 5th worker was added. This illustrates diminishing marginal returns.
The law of diminishing returns says as more units of a variable input is added to a fixed income of production, output might increase at a point but after some time total output would increase at a decreasing rate and marginal product would be decreasing.
The answer is 28.9 because you add all the numbers together and divide by 7. The answer is 28.8 which rounds to 28.9.
Answer:
6,250 units
Explanation:
The computation of the number of units that should be sold and produced in order to break even is shown below:
as we know that
Break even point = Fixed cost ÷Contribution margin per unit
Here
Contribution margin per unit = Selling price - Variable costs
= $28 - $12
= $16
So, the breakeven is
= $100,000 ÷ $16
= 6,250 units
Answer:
She filled for bankruptcy last year.
Answer:
option (B) 31,500
Explanation:
Data provided in the question:
Annual earning = $24,000
Worth of uniform = $350
Training worth = $850
Contribution to 401(k) = half of 4% of earning
= 0.5 × 0.04 × $24,000
= $480
monthly amounts toward her insurance:
health = $125
Life = $50
AD&D = $30
Total annual amounts toward her insurance = 12 × [ $125 + $50 +$30 ]
= 12 × 205
= $2,460
Therefore,
Employer taxes and insurance = 14% of $24,000
= $3,360
Therefore,
Cordelia's total annual compensation
= $24,000 + $350 + $850 + $480 + $2,460 + $3,360
= $31,500
Hence,
Answer is option (B) 31,500
