Answer:
A.Marginal Revenue $3
B. No
Explanation:
A.Calculation for the Marginal Revenue (MR) that the firm earn from sale of the output produced by the last worker employed
Based on the information given we were told that the Marginal Physical product of the last unit of labor was 5 units per hour in which the firm pays each worker an hourly wage of $15. Now let calculate the Marginal Revenue using this formula
Marginal Revenue = Employees hourly wages/Marginal Physical product unit of labor
Where,
Employees hourly wages=$15
Marginal Physical product unit of labor =5 units per hour
Let plug in the formula
Marginal Revenue =$15/5
Marginal Revenue =$3
B. No reason been that the current profit-maximizing hourly output was 100 units in which we were told that the firm sells at a price of $5 per unit. While the Marginal Revenue gotten in (A) above was $3 which is lesser or lower than $5 per unit which simply means that the firm does NOT sell its output in a well perfectly competitive market .
Answer:
B
Explanation:
Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized below Job Number:1478 Date Started: 4/07/20x8 Date Completed: 4/22/20x8 Description: Cherry kitchen cabinets Applied Manufacturing Overhead Hours Direct Materials Direct Labor Req No Ticket 128 Amount Hours Amount Rate Amount $375 235 385 18 414 130 588 391 25 395 140 133 9 243 401 215 52 Total 965 Total $1,244 Cost Summary Direct Material Cost 965 Direct Labor Cost 1,244 Applied Manufacturing Overhead Total Cost Green Cabinets applies overhead to jobs at a rate of $12 per direct labor hour.
Answer:
The correct answer is letter "C": Managers prefer regular, written reports on firm activities.
Explanation:
Managerial behavior is an approach that focused on the implementation of motivation within the work-frame. The classical management perspective, on the other hand, states that employees are driven by physical and economic needs. It sets aside the worker's job satisfaction and mainly focuses on job specialization. When comparing the two points of view, written reports on firm activities have nothing to do.
Answer:
C) 3.09 years
Explanation:
Calculation for How long has she owned this land
Using financial calculator to calculated the number of years
I/Y = -1.5%
Present value=PV = -$67,900
PMT = 0
Fair value=FV = 64,800
First step is to Press CPT and then N, which will gives us 3.09 years
Therefore has she to owned this land for 3.09 years.
