Answer:
b. Jacob should be hired at the $20 per hour wage rate
<u>Options</u>
a. Sophia should do the drafting work herself because she has the lower opportunity cost
b. Jacob should be hired at the $20 per hour wage rate
c. Sophia should not hire Jacob because it would be faster for her to do the work herself
d. Jacob should be hired, but only if he is paid more than $30 per hour
Explanation:
Sophia cannot fullfil their client request on time without hiring an employee Assuming Jacob is the best possible candidate for Sophie she should consider to hire it as three hours of Jabor will cost 60 dollars while an hour of his work is worth 90 dollars
Thus, making convinient to hire it as there is a profit of 30 dollars.
We should also conider jacob will earn experience over time and this will make it a better employee in the long-run.
Answer:
$38,000
Explanation:
The accounting equation shows the relationship between the various elements of the balance sheet which are assets, liabilities and equity. The equation is as shown below;
Assets = Liabilities + Equity
At the beginning of 20x6
$25,000 = liabilities + $16,000
Liabilities = $25,000 - $16,000
= $9,000
If liabilities increases by $8,000
At the end of 20x6,
Liabilities = $9,000 + $8,000
= $17,000
Total Assets = $17,000 + $21,000
= $38,000
Answer:
D. What do we want to become?
Explanation:
A mission statement refers to a statement in which the existence reason could come why it is established, its entire objectives, its products and services that are provided to the customers, and at last the location where they deal
So as per the given options the option D is correct as it represent the mission statements and the hence the same is to be considered
Therefore all the other options are wrong or incorrect
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Answer: 48
Explanation:
Firstly, we need to solve the marginal product which will be:
= dM/dx
= d(100x - x²)/dx
= 100-2x
At socially optimal level, it should be noted that:
Price × Marginal Product = Cost
90 × (100-2x) = 400
9000 - 1800x = 400
1800x = 9000 - 400
1800x = 8600
x = 8600/180
x = 47.77
x = 48
Therefore, the optimal number of workers will be 48.
