1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mumz [18]
3 years ago
14

If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00

B. The firm hires 45 workers and earns a $1200.00 Economic Profit C. The firm hires 55 workers earns a $975.00 Economic Profit D. The firm hires 40 workers and earns a $1200.00 Economic Profit
Business
1 answer:
BartSMP [9]3 years ago
6 0

Answer: B. The firm hires 45 workers and earns a $1,200.00 Economic Profit

Explanation:

If the Market Equilibrium rate is $105 then the company should hire 45 workers as shown in the table.

If they did that, revenue would be $7,425

Expenses would be wages and fixed costs:

= Wages + fixed costs

= (45 workers * wage rate) + 1,500

= (45 * 105) + 1,500

= $6,225

Economic profit would be:

= 7,425 - 6,225

= $1,200

You might be interested in
In providing accounting services to small business, you encounter the following situations pertaining to cash sales.
Brrunno [24]

Answer:

Kindly see Explanation

Explanation:

April 10:

Dr Cash 37,800

Cr Sales 34,500

Cr Sales taxes 3,300

April 15:

Dr Cash 28,080

Cr Sales 26,000

Cr Sales taxes 2,080

Cash = 34500+3300 = 37800

Sales = 28080/1.08 = 26000

Sales tax (28080 - 26000) = 2080

5 0
3 years ago
Which is intended to collect revenue?<br><br> taxation<br> antitrust law<br> censorship<br> tariff
Volgvan

Answer:

taxation

Explanation:

4 0
3 years ago
Read 2 more answers
When researchers who were conducting a study asked students at Harvard Business School about goals, only percent of the students
ser-zykov [4K]

Answer:

5

Explanation:

:)

6 0
2 years ago
When the economy is hit with a supply shock, such as oil prices rising from $25 a barrel to $75 a barrel, why is this doubly dis
Pachacha [2.7K]

When the economy is hit with a supply shock, especially if it is something as important as the oil, and its price doubles or triples, than the whole economy will suffer.

The reason for that is that the oil (since we took it as example) is not influencing only the people and the companies that use as fuel, but it affects the prices of pretty much all products. Such an increase in the price will result in much bigger expenditure by the production facilities. The transportation companies will also have much increased expenses. And that will result in a much increased price in most of the products. That will hit the people very hard on their pockets, as they will come in a situation where their wages are the same as they were, but the prices of everything went significantly up in no time.

8 0
3 years ago
Generally speaking, as the aggregate price level rises, aggregate demand falls, resulting in
Sonbull [250]
Generally speaking, as the aggregate price level rises, aggregate demand falls, resulting in an increase in aggregate supply

When the price rises, the sellers will gain more from the sale of their products. There fore , the average aggregrate supply in the market will be increased by them
8 0
3 years ago
Other questions:
  • Far Horizons, Inc. has experienced a lot of absenteeism and turnover among employees, particularly among ethnic and religious mi
    5·1 answer
  • Marketers are viewing information not only as an input for making better decisions but also as​ a(n) ______________.
    11·1 answer
  • The Porch Cushion Company manufactures foam cushions. The number of cushions to be produced in the upcoming three months​ follow
    11·1 answer
  • Dot miller owns a small chain of dive shops. she is interested in knowing how many potential customers she will need to sample i
    7·1 answer
  • If GDP exceeds aggregate expenditures in a private closed economy: A. Saving will exceed planned investment B. Planned investmen
    5·1 answer
  • A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj
    10·1 answer
  • Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year s
    12·1 answer
  • When the cost minimizing combination of inputs is being used and there is no corner​ solution,
    12·1 answer
  • Do all states pay the same unemployment compensation and for the same length of time?
    8·1 answer
  • Increased flexibility in scheduling has become an important benefit for employers to offer because of: multiple select question.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!