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vovikov84 [41]
3 years ago
8

Recently, some college alumni started a moving service for students living on campus. They have 3 employees and are debating hir

ing one more. The hourly wage for an employee is $30 per hour. An average moving job takes 4 hours. The company currently does 3 moving jobs per week, but with one more employee, the company could manage 5 jobs per week. The company charges $100 for a moving job.
Instructions:
Round your answers to the nearest whole number.
a. The new employee's marginal product of labor is ______.
b. The value of that merginal product is ______.
c. The moving service should moving jobs ______- hire another worker.
Business
1 answer:
SVETLANKA909090 [29]3 years ago
5 0

Answer: a. 2

b. $200

c. Should not

Explanation:

a. The new employee's marginal product of labor is ______.

This will be:

= 5 - 3

= 2 moving jobs

b. The value of that marginal product is ______..

Since the company charges $100 for a moving job, the value of the marginal product will be:

= 2 × $100

= $200

c. The moving service should moving jobs ______- hire another worker

Marginal cost of moving 2 jobs will be:

= $30 × 4 × 2

= $240

Since the marginal cost is more than the marginal product, the company should not hire another worker.

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Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges every business faces whether they are large or small. These include things like hiring the right people, building a brand, and so on.

Explanation:

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In order to be the basis for a firm's superior performance, a bundle of resources must be valuable, rare, and imitable.
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Answer:

The statement is: False.

Explanation:

A bundle of resources has three characteristics: valuable (<em>the resource helps the company to pursue its objectives and is priceless for consumers</em>), rare (<em>limited competition</em>), and inimitable (<em>resource is not easy to reproduce by the firm's closest competitors or imitating it is expensive</em>).

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Kotrick Company has beginning inventory of units and expected sales of units. If the desired ending inventory is ​units, how man
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3 years ago
The BRS Corporation makes collections on sales according to the following schedule:
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Answer:

$110,300

Explanation:

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=25/100 x 100,000

=$25,000

<u>71% of may sales</u>

=71/100 x $110,00

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The Fish House is expected to pay annual dividends of $1.23 and $1.25 at the end of the next two years, respectively. After that
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Answer:

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