Dan's Chair Factory currently employs 50 workers, who produce 800 chairs. If Dan hires a 51st worker, output will rise to 925. What is the average product of the 51st worker?
Answers
Answer:
The average product of the 51st worker is 18.14.
Explanation:
The average product per worker is calculated by dividing total output with number of worker.s This problem asks us to tell average product per worker if output is 925 chairs and total number of workers are 51.
So
average product = Total chairs produce/number of workers
= 925/51
= 18,14 chairs
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In the long run, changes in the price level do not affect the level of real GDP. B. In the long run, increases in the price level result in a decrease in real GDP. C. In the long run, increases in the price level result in an increase in real GDP. D. In the long run, changes in the price level may either increase or decrease real GDP.
5. A _______ is legally separate from its owner, and it pays its own taxes.A. corporationB. partnershipC. sole proprietorshipD. small business
In order to make sure that audiences can correctly identify your mood and attitude during speech, it is necessary to make sure you have correct
Answers
$12,300 = $7,000 + 5300
Assets
Cash in bank 1,300
Account Receivable/investment 4000
Account Payable/credit card debt 7000
Total Assets 12,300
Answers
Answer:
Ellen services is included in U.S. GDP
Explanation:
Domestic work that is not paid is not included in the calculation of a country's GDP. That's the case with Sam household works.
All the compensation to employees are considered in GPD computation, it is not important the nationality of the employee, but the work must be done in the U.S. and that's the case with Ellen.
Credit card companies offer easy access to cash through ATM’s or checks that can be written to yourself and cashed.
b.
Credit card companies apply payments to cash advance balances first because the interest is higher.
c.
The APR of a cash advance is higher than that of regular credit card purchases.
d.
Credit card companies place limits on the amount of cash you can receive through a cash advance.
Answers
The false statement about credit card advances is that: The APR of a cash advance is higher than that of regular credit card purchases.
What is a credit card advance?
This is a term that is used to describe the withdrawal of money from your own credit card.
A person would do it as a way of borrowing money against their credit card so that they would have money at hand.
Read more on credit card here: brainly.com/question/6872962
Answer: C
Explanation:
I said so
Answers
Equilibrium is defined when: supply and demand meet.
What is Equilibrium?
Equilibrium can simply be defined as the equilibrium point where both supply and demand meet.
When the number of goods a producer supplied to the market equal the products consumers or buyer demand in the market this means that supply and demand meet.
Based on this their will be no excess because the quantity supplied to the market is the quantity that consumer demanded in the market.
Inconclusion Equilibrium is defined when: supply and demand meet.
Learn more about Equilibrium here:brainly.com/question/24735820
Answers
Answer:
total cost incurred 2,250,000
Explanation:
From the inventory identity we solve for the added materials:
Beginning raw 390,000
purchase 890,000
ending raw (340,000)
added materials 940,000
Then, we solve for the cost adeed during the period, which are the cost incurred during the period:
added materials 940,000
labor 670,000
applied overhead 640,000
total cost incurred 2,250,000
Answers
Answer:
Incremental income for Sale as scrap is $36,400 and Rework is $46,200
Explanation:
Sale as scrap Rework
Sales of reworked units (13000*8.2) $106,000
Sales of scrap units (13000*2.8) $36,400
Cost to rework units (13000*4.6) ($59,800)
Opportunity cost of not making new units
Incremental income (loss) $36,400 $46,200