Answer:
The minimum transfer price is $92
Explanation:
Minimum transfer price = Variable cost + Opportunity cost
= $42 + $(92-42)
= $42 + $50
= $92
A convenience item is something that is purchased without much thought before the purchase.
Ads are called out if they are displayed for a short time without reaching the awareness threshold. subliminal. ---- is a subtle phenomenon that uses colors and fonts to influence how your message feels.
Customization and tailoring of service delivery to individual customer needs. The service should be less variable than the product. "Product" is a general term used to describe both goods and services.
Subliminal messages are visual or auditory stimuli imperceptible to the conscious mind, often inserted into television commercials or other media such as songs purchased.
Learn more about convenience items at
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Answer:
Firm should hire the 4th worker as MR > MC.
Explanation:
Here, we are comparing the marginal cost of hiring 4th worker with the revenue generated by the 4th worker.
Marginal cost of hiring 4th worker:
= Total cost with 4 workers - Total cost with 3 workers
= $4,600 - $4,000
= $600
Total revenue generated by the 4th worker:
= Number of units produced by 4th worker × Price of each unit
= 50 × $15
= $750
Therefore, the firm should hire the 4th worker as the marginal revenue of 4th worker is greater than its marginal cost.
