Answer:
the average amount of money is 1,165
Explanation:
The computation of the average amount of money i.e. earned by each theater is shown below:
= Total number of tickets sold ÷ number of theaters
where,
The Total number of tickets sold is 879,575
And, the number of theaters is 755
Now place these values to the above formula
So, the average amount of money is
= $879,575 ÷ 755
= 1,165
hence, the average amount of money is 1,165
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Answer:
A) The duty to diversify the trust portfolio to reduce risk
Explanation:
The Uniform Prudent Investor Act (UPIA) requires trustees to make investments following the Prudent Person Rule. This means that trustees should invest the trust funds as if the trustee was a prudent person investing his/her own assets.
The best way to comply with the prudent person rule is to invest in a diversified portfolio that reduces risk.
Answer:
In equilibrium, each worker is paid his or her value of the marginal product of labor.
Explanation:
Here are the missing option of the question:
- In equilibrium, each worker is paid his or her value of the marginal product of labor.
- Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40)
- Each worker is paid $15.
- We need to know the product price before we can figure out the wage rate.
As per marginal theory of productivity of income distribution, Income of each factor production is equal to its marginal productivity.
Marginal productivity is one additional unit of production by one unit additional unit of factor, which bring changes in total production. Firm hire labor till marginal revenue product of labor is more than wage rate of labor. The point at which Marginal revenue product of labor is equal to wage rate labor is the labor market equilibrium.
