Answer:
$1.07
Explanation:
The marginal cost measures the change in total cost of adding on more worker divided by the change in product for this additional worker (marginal product of labor). When adding one more worker, costs will increase by $80 (wage rate), while product will increase by 75. Therefore, the marginal cost is:
The marginal cost is $1.07.
Answer:
D. Americans purchase more Canadian made products.
Explanation:
The situation that would typically result from an appreciating U.S. dollar relative to the Canadian dollar is "Americans purchase more Canadian made products."
When Americans purchase more Canadian-made products, the Canadian dollar will rise or appreciate against the U.S. dollar. This is based on the principle of trade balance, whereby the monetary value of a country's imports and exports are evaluated over a given period.
In this case, the monetary value of Canadian exports against the U.S. dollar will indicate a positive trade surplus, hence, the Canadian dollar or currency will appreciate against the U.S. dollar.
Answer:
Date Account titles & Explanation Debit Credit
Sep 04 Purchases (70 backpacks*$50) $3,500
Accounts payable $3,500
Sep 06 Accounts payable $300
Purchase return and allowances $300
Sept 09 Accounts receivable $1,260
(15 backpacks*$84)
Sales $1,260
Sept 13 Accounts payable $3,200
(64 backpacks*$50)
Purchase discount (3,200*2%) $64
Cash (3,200*98%) $3,136
Answer: A multiple product order
Explanation:
A multiple product order is an order by the regulating body (Federal Trade Commission) to curb and desist from deceptive advertising of not only the target product but all the products produced by a particular firm that is engaged in deceptive advertising. Such as in the case above, the order to CSI is not only to stop its false advertising of dirt remover but also other products produced by CSI
