Answer:
$70
Explanation:
Total revenue from three employees:
= No. of gallons of paint produced × Selling price per gallon
= 40 × $15
= $600
Total revenue from four employees:
= No. of gallons of paint produced × Selling price per gallon
= 48 × $15
= $720
Total revenue created by 4th worker:
= Total revenue from four employees - Total revenue from three employees
= $720 - $600
= $120
Cost of hiring 4th worker = $50 per day
Therefore,
Marginal profit for the fourth employee:
= Total revenue created by 4th worker - Cost of hiring 4th worker
= $120 - $50
= $70
Answer:
E. because forces create pressures or incentives for industry participants (competitors, customers, suppliers) to alter their actions in important ways.
Explanation:
Industries can be described as different manufacturers producing a kind of particular goods or services.
Industry conditions are situations whereby there would be pressure among the compititors or customers in this industry which result to changing of their action in one way or the other which can influence the industry in positive or negative way.
We have different industries such as automobile, mining, food service and others.
Answer:
Risks that are produced by a non-human source and are beyond human control. They are unexpected but happen regularly enough in a general population to be broadly predictable. Good examples of external risks are natural disasters such as earthquakes and volcanoes.
Explanation:
Answer:
$2,100
Explanation:
The relevant costs are $2,100.
If the additional costs of $2,100 are incurred then the product 89 could be sold for $9,800.
These incremental costs affect the decision whether to sale the product in $7,000 or incur further costs of $2,100 and as result incremental revenue of $2,100(9,800-7,700) is earned i.e revised selling price less revised cost to produce the product.
Before this further costs incremental revenue was $1,400 (7,000-5,600)
