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Dimas [21]
2 years ago
6

Consider a perfectly competitive firm that produces computers. Each additional worker at this firm can produce four computers. C

alculate the marginal factor cost if the computers are sold for $1,000 each, and the firm is maximizing profit. (Assume that marginal revenue product is the product of marginal product of the input and the marginal revenue of the firm.)
Business
1 answer:
Lesechka [4]2 years ago
6 0

Answer:

$4,000

Explanation:

Each additional labor can produce 4 computers and each computer is sold for $1,000. This mean that the value of the marginal product of labor is $4,000 (1,000*4). At equilibrium, the value of marginal product of labor equals the wage rate. Therefore, the marginal factor cost is $4,000.

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A deep sea diving bell is being lowered at a constant rate. After 12 ​minutes, the bell is at a depth of 400 ft. After 50 minute
ella [17]

Answer: After 50 minutes the bell is at a depth of 2000 ft so we can find the average rate by

2000/50 =40 ft per minute.

We ignore the 400 ft in 12 minutes because that is included when we take out the average at 50 minutes and adding it in would be an error of doubly entry.

Explanation:

6 0
3 years ago
On January 1, 2017, Eagle borrows $17,000 cash by signing a four-year, 6% installment note. The note requires four equal payment
Reika [66]

Answer:

The question is:

Prepare the journal entries for Eagle to record the loan on January 1 2017 and the four repayments from 31st December 2017 through 31st December 2020?

The answer is:

1 January 2017

Dr Cash                   17,000

Cr Note Payable    17,000

31 December 2017

Dr Interest expenses            1,020

Dr Note Payable                   3,886

Cr Cash                                 4,906

(to record note principal and interest expenses payment)

31 December 2018

Dr Interest expenses            787

Dr Note Payable                   4,119

Cr Cash                                 4,906

(to record note principal and interest expenses payment)

31 December 2019

Dr Interest expenses            540

Dr Note Payable                   4,366

Cr Cash                                 4,906

(to record note principal and interest expenses payment)

31 December 2020

Dr Interest expenses            277

Dr Note Payable                   4,629

Cr Cash                                 4,906

(to record note principal and interest expenses payment)

Explanation:

Working note for the repayment transaction:

- For all the four journal entries regarding the repayment, the Cash account is debited at $4,906 because the note requires four equal payments of $4,906.

The calculations of Principal repayment ( which is recorded as Dr Note Payable and Interest expenses which is recorded as Dr Interest Expense) for each year are as below:

31 December 2017:

Interest Expenses = Outstanding Note Payable * 6% = 17,000 * 6% = $1,020;

Principal repayment = 4,906 - Interest Expenses = 4,906 - 1,020 = $3,886.

31 December 2018:

Interest Expenses = Outstanding Note Payable * 6% = (17,000-3,886) * 6% = $787;

Principal repayment = 4,906 - Interest Expenses = 4,906 - 787 = $4,119.

31 December 2019:

Interest Expenses = Outstanding Note Payable * 6% = (17,000-3,886-4,119) * 6% = $540;

Principal repayment = 4,906 - Interest Expenses = 4,906 - 540 = $4,366.

31 December 2020:

Interest Expenses = Outstanding Note Payable * 6% = (17,000-3,886-4,119-4,366) * 6% = $277;

Principal repayment = 4,906 - Interest Expenses = 4,906 - 277= $4,629.

8 0
3 years ago
A call option on Barry Enterprises stock has a market price of $12. The stock sells for $23 a share, and the option has an exerc
tresset_1 [31]

Answer:

the exercise value of the option is $5.50

Explanation:

The computation of the exercise value of the option is given below:

= Sale value of the stock - exercise price of the option

= $23 - $17.50

= $5.50

Hence, the exercise value of the option is $5.50

Simply we deduct the exercise price of the option from the sale value of the option

And, the same should be considered

7 0
3 years ago
Chester's balance sheet has $105,038,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and als
charle [14.2K]

Answer:

The answer is $112,038,000

Explanation:

The total equity will be equity brought forward, the net income(retained earnings) and the newly issued shares.

Book value equals asset minus liability which this formula is the same as equity. So in order words book value is also the same as total equity.

Therefore, the book value is:

$105,038,000 + 3,000,000 + $4,000,000

= $112,038,000

3 0
3 years ago
The discounted cash inflows of a project minus the discounted cash outflows is referred to as the _____.
Ira Lisetskai [31]

<span>The answer is net present value. It is the difference between the present value of cash inflows and the present value of cash outflows. NPV is used in capital budgeting to examine the effectiveness of a projected investment or project. A net present value that is positive stipulates that the projected earnings produced by a project or investment surpasses the anticipated costs. In general, an investment with a positive NPV will be a profitable one and the one with a negative NPV will result in a net loss. </span>

5 0
3 years ago
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