Answer:
The marginal revenue product of the second worker is:_______
a. $16.
Explanation:
a) Data and Calculations:
Quantity of Labor Total Product Total Revenue Marginal Revenue
1 4 $16 $16
2 8 32 $16
3 11 44 $12
4 13 52 $8
5 14 56 $4
b) The Marginal Revenue of labor refers to the additional revenue that is derived when one additional unit of labor is employed into production. It can be calculated by deducting the total revenue obtained by the addition of one unit of labor to the total revenue before the addition.
<span>As per the study undertaken by the stadium, this five times daily ad for one week fetched a 1,200 ticket sale.To get the targeted sales of 13,200 tickets the stadium should now run this ad 5 times daily for 11 weeks.</span>
Answer:
47.5%
Explanation:
Data provided in the question:
Clearance discount percentage offered = 30%
Additional discount = 25%
Now,
Let the price of the car be $100
Therefore,
Price after the clearance discount = $100 - 30% of $100
= $100 - $30
= $70
Therefore,
Price after additional 25% discount = $70 - 25% of $70
= $70 - $17.5
= $52.5
Thus,
Total discount percentage
= [ ( Original cost - Selling cost ) ÷ Original cost] × 100%
= [ ( $100 - $52.5 ) ÷ $100 ] × 100%
= 47.5%
Answer:
Road show
Explanation:
In business, a roadshow usually refers to carrying on a series of presentations (shows) on different locations (the road part) where potential investors are invited. Usually roadshows take place before an initial public offering (IPO) or prior to a large issue of stocks. This events bring together potential investors and executive management.