Answer and Explanation:
The classification is as follows:
a. It is a normative statement as it discussed that there is an efficient wages for all types of workers for earnings
b. It is a positive statement that depend upon the facts and proofs as the leisure for workers would create more unemployment as compared to before
c. It is a normative statement
d. It is a positive statement as the workers who are less skilled they can be settled for the minimum wages as they dont get the highest paying jobs because these jobs would be belong to those workers who are highly skilled
Answer:
$20
Explanation:
Given that,
Total fixed cost = $4,200
Number of workers employs = 30
Wages = $160 per worker
Average product of labor = 2
Marginal product of last labor hired = 8
Marginal cost refers to the additional cost that has occurred to produce the additional unit of a commodity.
Here, from the given information, we can calculate the marginal cost of the last unit produced by the last worker is as follows:
= Wages per worker ÷ Marginal product of last labor hired
= $160 ÷ 8
= $20
Cumulative frequency distribution – a distribution that shows the number of observations less than or equal to a specific value. These are easy to determine from a frequency distribution. Simply add the number of observations for each class with the previous classes.
They made the advise so that you could obtain the maximum amount of Tax Refund.
W-4 allowances will provide you with various columns that could be filled with a potential tax deductible from your income. (such as every expenses related to your working process)
The number of total deductibles will reduce the basis taxable amount of your earning, and increase your tax refund.