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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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The writing for a proposal should
Softa [21]

Answer:

I think for this would most likely have to be C

Explanation:

I'd have to say that since if you were to keep calling people out for it it sorta defeats the purpose? something like that-

4 0
3 years ago
It costs Sheridan Company $28 of variable costs and $17 of allocated fixed costs to produce an industrial trash can that sells f
Mashutka [201]

Answer:

Option (C) is correct.

Explanation:

Variable costs = $28

Allocated fixed costs = $17

Selling price = $84

Due to acceptance of M offer, S would be got excess contribution margin per unit. Because acceptance selling price ($34) is greater than the variable cost per unit ($28).

We don't have any information about the fixed cost due to acceptance. Therefore, we assumed that fixed cost is not increased.

Increased contribution margin per unit:

= Selling price - Variable cost

= $34 - $28

= $6

For 3,000 units, Increased contribution margin = 3,000 × $6

                                                                               = $18,000

Therefore, net income is increased by $18,000 when the offer is accepted.

6 0
3 years ago
You are looking to buy a car and you have been offered a loan with an APR of 5.7 %​, compounded monthly. a. What is the true mon
lukranit [14]

Answer:

Monthly Interest rate = 0.475%

EAR = 5.85%

Explanation:

a.

APR = 5.7%

Monthly Interest rate = APR / n

Monthly Interest rate = 5.7% / 12

Monthly Interest rate = 0.475%

b.

APR = 5.7%

m = 12

EAR = [ ( 1 + (APR / m))^m] - 1

EAR = [( 1 + (0.057 / 12))^12] - 1

EAR = [( 1 + 0.00475 )^12] - 1

EAR = [( 1.00475 )^12] - 1

EAR = 1.0585 - 1

EAR = 0.0585

EAR = 5.85%

True monthly rate of​ interest is 0.475%

EAR is 5.85%

5 0
3 years ago
A similarity between mortgages and auto loans is that both
belka [17]
A similarity between mortgages and auto loans is that both are less risky for lenders.
Lenders are the ones who lend money to those who need it urgently, in the form of a mortgage, or perhaps an auto loan. This money is going to be repaid monthly, or in whatever way the contract stipulates. It is less risky for the lender because legally, this has to be repaid.
8 0
3 years ago
Pulaski Plumbing Supply is planning to bring a new type of valve to market and is conducting a break-even analysis. For this ana
vekshin1

Answer:

break-even point (BEP) = 25,000 items

Explanation:

given data

Selling price  = $2.50

Fixed costs = $10,000

Variable cost = $2.10

solution

we know that Revenue is sum of  Fixed costs and  variable costs

so we use here contribution margin method that is

Contribution margin = $ 2.50 - $ 2.10

Contribution margin  = $ 0.4

so

break-even point (BEP) for the valve is here

break-even point (BEP) = fixed cost ÷ Contribution margin    ...................1

put here value

break-even point (BEP) = \frac{10000}{0.4}  

break-even point (BEP) = 25,000 items

4 0
3 years ago
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