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Yakvenalex [24]
2 years ago
14

Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage and that

labor is the only input that varies for the firm. If the firm pays a wage of $700 per week and the marginal product of labor equals 35 units per week, then the marginal cost of producing an additional unit of output is
Business
1 answer:
almond37 [142]2 years ago
3 0

Answer:

$20

Explanation:

Calculation for the marginal cost of producing an additional unit of output

Using this formula

Marginal cost=Wage per week/Marginal product of labor

Let plug in the formula

Marginal cost= $700 per week/35 units per week

Marginal cost= $20

Therefore the marginal cost of producing an additional unit of output is $20

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An efficient way to move toward the Nash equilibrium is called:
laiz [17]

Answer:

A convention

Explanation:

Nash equilibrium is a theory or a concept of equilibrium, which is in the game theory ,where the possible result or the best outcome of the game and there is no incentive which could deviate from the strategy.

So, it is an effective way to move toward the Nash equilibrium is known or referred to a convention, which is a non- cooperative game.

6 0
2 years ago
Which statement reports the changes in shareholders' equity during the period that were not a result of transactions by owners.
guajiro [1.7K]

Answer:

the statement of comprehensive income

Explanation:

The statement of comprehensive income refers to a summary in which the net assets are to be recognized for a particular period of time. It shows the adjustments made to the equity that would be highlighted also. Plus the net income could be determined by preparing an income statement

Therefore in the given case, the changes that are made in the stockholder equity would be come under the comprehensive income statement and the same is to be considered

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3 years ago
Which statement is true of all transactions?
AnnZ [28]
I’m pretty sure it’s D
5 0
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Read 2 more answers
The Woods Co. and the Speith Co. have both announced IPOs at $69 per share. One of these is undervalued by $16, and the other is
lana [24]

Answer:

(a) $18,000

(b) $3,600

Explanation:

(a) Profit would be:

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= (1,800 × $16) - (1,800 × $6)

= $28,800 - $10,800

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(b) Only half your order will be filled.

With rationing (and being an uninformed investor) we expect our profits:

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= (900 × $16) - (1,800 × $6)

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Question 16 of 25 (1 point) Jump to Question: Which of the following actions is NOT an example of an engineering control?
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