Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit
Explanation:
According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.
If 45 workers are hired, they would cost:
= 45 * 105 per worker
= $4,725
Added to the fixed cost, the total cost would be:
= 4,725 + 1,500
= $6,225
The profit would be:
= Revenue - cost
= 7,425 - 6,225
= $1,200
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Answer: The correct answer is "a. You may have to tell your accountant to conduct reconciliations to ensure that the rates in the system make sense when compared to actual rates.".
Explanation: Paul should surely recommend that your accountant verify the rates applied in the accounting system have reliability and are correctly related to the actual rates and if not, perform the necessary reconciliations.
Answer:
d. Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
Explanation:
Development of team goals is most effective when the set targets are effectively being achieved by the team as a whole.
This entails that each team member contribute their own quota to the process.
The whole team is now involved in execution of planned actions.
The best statement that portrays this is: Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
