Answer: Option (d) is correct.
Explanation:
Correct option: For the 10th worker, the marginal revenue product is $120 per day.
If she hires 9 workers then the store can sell 200 pounds of produce per day
If she hires 10 workers then the store can sell 230 pounds of produce per day
Extra units produce from hiring 10th worker = 230 - 200 = 30 pounds of produce per day
Store earns = $4 for each pound
Therefore, the marginal revenue product for the 10th worker = selling price of each pound × Extra units produce from hiring 10th worker
= $4 × 30
=$120
Answer:
e) $37.05
Explanation:
Using the dividend growth model, the value of a stock is the present value of the future dividends receivable discounted at the required rate of return . The required rate of return is given as 12%.
So we discount the year 3 dividend using the dividend growth model formula
P = D (1+g)/r-g
r- rate of return, g = growth rate
Present value of the future dividends:
PV of Year 1 = 1.55(1.015)m × 1.12^(-1)
= 1.4047
PV of Year 2 = 1.55 (1.015)(1.015) × 1.12^(-2)
= 1.27
PV of Year 3 (this will be done in two steps)
Step 1; PV (in yr 2) of year 3 dividend
= (1.55)(1.015)^2×(1.08)/(0.12-0.08)
=43.114
Step 2 : PV (in yr 2) of year 3 dividend
=43.114 × (1.12^(-2))
= 34.37
Best estimate of stock = 1.40 + 1.27 +34.37
= $37.05
Note
To discount the year 3 dividend, we use two steps. The first stp helps get the PV in year 2, and step 3 helps to take it further to the PV in year 0
Answer:
The correct answer is B
Explanation:
Collaborative Problem Solving is the tool or a technique which is used for solving the problems and it makes the explicit respond.
The initiator is the person who initiates the response in the problem in order to solve the problems.
So, the vital as well as primary thing for the initiator is to avoid making the evaluative or measured conclusions as well as attribute the motives or purpose to the respondent, whose query it is.
Answer:
James operates a restaurant in a seaside tourist town. It is winter and all the tourists have left
Rex invests in new computer software that will automate his bookkeeping.
Explanation:
In winter, the patronage at James' resturant would drop because tourists would have left. Because demand at the resturant has dropped, James would reduce his demand for Labour which are his staffs. He would let some staffs go temporarily to reduce costs .
If Rex invests in a software that automates his book keeping, he wouldn't need an accountant to help with his book keeping, so demand for labour would fall.
After Katie's competition closes down, more people would patronise Katie. Katie's demand for Labour would increase because of the influx of customers.
Amy would need labour to obtain wood; her demand for Labour would increase.
If school is just resuming, there would be a high influx of people into the bookstore, the bookstore would increase its demand for Labour because of the high influx of customers .
I hope my answer helps you.
