Answer:
150
Explanation:
As we know that
The marginal rate of technical substitution (MRTS) = Marginal product of labor ÷ Marginal product of capital
where,
The marginal rate of technical substitution (MRTS) = 0.20
And, the marginal product of labor is 30 chips per hour
So, the marginal product of capital is
= 30 chips per hour ÷ 0.20
= 150
The marginal rate of technical substitution (MRTS) shows a relationship between the marginal product of labor and the marginal product of capital
Answer:
Noodlecake
On its statement of cash flows, Cash Provided by Operating Activities equals $__1,000____ Cash from Investing Activities equals $__(3,000)______ Cash from Financing Activities equals $_7,000______ and the Change in Cash equals $_5,000______ Be sure to use parentheses around the amount if it is a cash outflow, e.g. $(1,000)
Explanation:
a) Data and Calculations:
Financing activities:
Common stock $5,000
Bank loan 2,000
Net cash $7,000
Operating activities:
Cash from customer $3,000
Cash to employees (2,000)
Net cash $1,000
Investing activities:
Equipment ($3,000)
Net cash from cash flows = $5,000
The net cash from cash flows or the change in cash flows is the summation of the changes in the operating, investing, and financing activities of Noodlecake during the period under review. It shows by how much the cash has increased or decreased when compared to the beginning balance, which can be zero as in this case.
Answer:
The answer to both a and b is in the explanation below
Explanation:
a) The increase in wage can either decrease or increase the hours worked. This is became an increase in wage has both substitution effect and income effect that work in different directions. Substitution effect An increase in wage increases the opportunity cost of leisure, thereby making the worker increase number of hours worked. Income effect The increase in wage also makers the worker richer, thereby making the worker decrease number of hours worked.
Since no information about worker's preferences is given, we do not Imow which effect will dominate the other effect and, therefore, we do not know what the net impact of the increase in wage will be.
b) The bonus will only have income effect. The bonus will make the workers richer, thereby making the worker decrease number of hours worked.
If in part a), the substitution effect and income effect are equal in magnitude, then there will be no change in the number of hours worked. The number of hours worked will remain the same at 2000 hours. Since the employer would be paying $5 extra on each hour worked, the cost to the employer of increase in wage would be $10,000 (=2000 x $5), which is the same as the bonus in part b).
Answer:
The answer is: $1,219,000
Explanation:
The formula used to calculate Logano Driving School's net capital spending for the year is:
net fixed assets 2018 - net fixed assets 2017 + depreciation expense 2018
net capital spending = $3,300,000 - $2,400,000 + $319,000
net capital spending = $1,219,000
