Suppose that a competitive firm hires labor up to the point at which the value of the marginal product equals the wage and that labor is the only input that varies for the firm. If the firm pays a wage of $700 per week and the marginal product of labor equals 35 units per week, then the marginal cost of producing an additional unit of output is

Answers

Answer 1

Answer:

$20

Explanation:

Calculation for the marginal cost of producing an additional unit of output

Using this formula

Marginal cost=Wage per week/Marginal product of labor

Let plug in the formula

Marginal cost= $700 per week/35 units per week

Marginal cost= $20

Therefore the marginal cost of producing an additional unit of output is $20


Related Questions

When Get the Glare Out needed some information about the potential market for its product, the marketing team looked to the Internet to find industry trends and at the market for eyewear products, which uses the same technology that is used in its self-darkening windshield. The type of information the marketing team was using is referred to as

Answers

Answer:

Secondary data

Explanation:

There are two types of data sources that can be used by individuals. These are the primary and secondary data.

Primary data is a data that is formed for the first time for a particular purpose. For example information contained from running experiments in a research study.

Secondary data is one that is obtained from primary data. Data was used for another purpose before now and the new user is using the existing data for another purpose.

The marketing team is using the Internet to find industry trends and at the market for eyewear products, which uses the same technology that is used in its self-darkening windshield.

This is secondary data that existed before now and is being used by the marketers to identify trends

) Outline two ways VKW might be affected by increased import controls.​

Answers

Answer:

see below

Explanation:

Increased import control tends to increase the cost of imports. For a business that depends on imports for its raw materials, increased control will have the following effects.

Can delay or halt production. Increase import control may affect the cost of imports and the quantity of material or parts imported.   VKW may be unable to import all the materials it requires for production. This may force it to slow down production before it can get alternative suppliers. Increase in product prices: Imports control might include a rise in import tariff making imports expensive. VKW is likely to increase the price of its products to maintain its profitability.

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Tickets for 2 adults and 4 children at a theme park cost £152.
An adult ticket costs twice as much as a child ticket.
Write and solve an equation to work out the price of an adult ticket​

Answers

Explanation:

Let x be the price of an adult ticket.

Then 0.5x is the price of a child ticket.

We have 2x + 4(0.5x) = £152, therefore 4x = £152 and x = £38.

Hence the price of an adult ticket is £38.

What makes you buy a candied vegetable or a candied fruit?

Answers

Answer: Your curiosity on whether it tastes like any other candy or not.

Explanation:

Answer:

Eat whatever you like not whatever makes other people happy also the anwser is either a b c or d

Explanation:

In a production cost report using process costing, transferred-in costs are most similar to: costs transferred-out to the next process. costs included in beginning inventory. conversion costs added during the process. material added at the beginning of the process.

Answers

can u please tell where are u from??

Answer:

hmm..... . . . .

...

..

....

Jean has created a self improvement plan so she can meet her goal of getting a raise in six months. Which of these is an element of a good self improvement plan?
a.
Track goals only when they are completed
b.
Track goals in progress and revise as necessary
c.
Track goals only when they are assigned
d.
Track goals in progress and never revise

Answers

Answer:

b

Explanation:

A good self improvement plan should track goals in progress and revise as necessary. This allows for flexibility in adjusting the plan as needed to ensure progress towards the desired outcome. Therefore, option b is correct.

What do you meant by self improvement?

Self-improvement refers to the process of taking intentional actions to enhance one's skills, knowledge, and overall well-being.

It involves setting goals, identifying areas of weakness or areas that need improvement, and working on developing oneself in those areas. This could include developing new habits, learning new skills, or improving existing ones.

The goal of self-improvement is to become a better version of oneself, both personally and professionally. It can lead to increased confidence, self-awareness, and a sense of fulfillment.

Self-improvement can be achieved through various means such as reading, taking courses, seeking mentorship, attending workshops, or engaging in physical exercise, among others. It is a continuous process that requires dedication, commitment, and a willingness to learn and grow.

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In which situation would a person pay a higher property tax than he or she did the year before?
A. The value of the person's home increased.
B. The number of dependents the person had increased.
C. The salary the person earned increased
D. The amount the person spent on electronics increased.

Answers

The answer is A the value of a persons home increased.

A person would pay a higher property tax than he or she did the year before when A. the value of the person's home increased.

What is property tax?

Property tax is an ad valorem tax levied on real estate, such as a building or a residential home, that is owned by an individual or another legal body, such as a corporation.

It is an ad valorem tax because it is based on the assessed value of the property.

As a result, the higher the value of a property compared to the year before, the higher the property tax.

Therefore, a person would pay a higher property tax than he or she did the year before when the value of the person's home increased.

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I'm a Senior high school student with the interest of learning in investments. As a beginner, what should I learn first or what topics should I study about? Any tips about investing?​

Answers

Answer:

Explanation:

As an investor myself I believe that there are three main things that beginners should learn. The first one is learning to diversify and manage risk. It is important to understand that holding all your money in a single investment is never a smart idea regardless of how safe it may be. Secondly, would be learn the power of compound interest. Compound Interest is one of the most powerful tools/options an investor can focus on. Lastly, would be to have patience, know how to control your emotions, and wait for the right moment to act.

Using the SMART goal-writing criteria, what refers to answering the six "w" questions?

Specific
Measurable
Attainable
Realistic

Answers

Explanation:

specific is the right answer

Answer:

specific

Explanation:

Does CG5 have a second channel or is it just the one?

Answers

Answer:

Just one

Explanation:

Answer:

i will check the channel of CG5

Explanation:

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If the level of activity increases within the relevant range Group of answer choices Variable cost per unit and total fixed costs also increase Fixed cost per unit and total variable cost also increase Total cost will increase and fixed cost per unit will decrease Variable cost per unit and total cost also increase.

Answers

Answer:

Total cost will increase and fixed cost per unit will decrease V

Explanation:

According to the kinked-demand model of oligopoly, if two of three firms ignore a price decrease by the third firm ______. Multiple choice question. the third firm will lose sales because the other two firms' demand curves become more inelastic the third firm will gain sales because the other two firms' demand curves become more elastic the third firm will gain sales because the other two firms' demand curves become more inelastic, relative to the third firm's demand curve the third firm will lose sales because the other two firms' demand curves become more elastic

Answers

Answer:

the third firm will lose sales because the other two firms' demand curves become more inelastic

Explanation:

In the case when the two out of the three firms would ignore the price reduction made by the third firm so in this case the third firm could lose the sales as the demand curve of other two firms become more inelastic

Therefore as per the given situation, the option a is correct

hence, the same is to be considered

Mary invested $200 for 3 years at 5% per annum. John invested $300
at the same rate. If they both received the same amount of money in
simple interest, for how many years did John invest his money?​

a. 1 1/2
b. 2
c. 3
d. 10

Answers

Answer:

b. 2

Explanation:

Simple interest is calculated using the formula

I = p x r x t

Where p= principal amount

r= interest rate

t= time in years

Mary invested $200, at 5% for three years. She earned a simple interest of;

I= $200 x 5/100 x 3

=$200 x 0.05 x 3

=$30

If John received the same amounts, It means

$30= $300 x 0.05 x t

$30 = $15t

t= $30/$15

t=2

Time is 2 years

What program would be likely to help a person prepare for teacher certification?
O a master's degree in Psychology
O a bachelor's degree in Education
O a one-year technical school certificate
O an associate degree from a community college

Answers

Answer: The answer is a bachelor’s degree in Education.

Explanation:

To help a person prepare for teacher certification is likely program is a bachelor's degree in Education.

A Bachelor of Education (B. Ed.) is a professional undergraduate degree that qualifies graduates to work as teachers in educational institutions.

In other nations, like Tanzania and Kenya, the student must do additional activities like fieldwork and research in order to be completely qualified to teach.

Tests for the licenses or certificates necessary for instructors in some places may also be administered concurrently with or after it.

Therefore, the correct option is "a bachelor's degree in Education".

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A U.S.-based firm is planning to make an investment in Europe. The firm estimates that the project will generate cash flows of 100,000 euros after one year. If the one-year forward exchange rate is $1.50/euro and the dollar cost of capital is 8%, what is the present value (PV) of the project cash flows?

Answers

Answer:

the present value of project cash flows is $138,888.89

Explanation:

The computation of the present value of project cash flows is shown below

Value of €100,000 in US $ in one year is

= €100,000 × $1.50

= $150,000

Now the Present value is

= Payment × (1 ÷ (1 + rate of interest)^number of years)

= $150,000 × (1 ÷ (1 + 8%)^1)

= $138,888.89

Hence, the present value of project cash flows is $138,888.89

Who's copping the candy axe?

Answers

Answer:

not me

Explanation:

Answer:

I dont understand the question but i have it

If a checking account has an interest rate of 1% and a government bond has an interest rate of 2%, the opportunity cost of holding the checking account as money is:

Answers

Answer:

the opportunity cost of holding the checking account as money is 1%

Explanation:

The computation of the opportunity cost of holding the checking account as money is shown below:

= Interest rate on the government bond - interest rate on checking account

= 2% - 1%

= 1%

Hence, the opportunity cost of holding the checking account as money is 1%

We simply applied the given formula so that the correct percentage could come

A project has an initial cost of $40,000, expected net cash inflows of $8,000 per year for 11 years, and a cost of capital of 10%. What is the project's NPV? (Hint: Begin by constructing a time line.) Do not round intermediate calculations. Round your answer to the nearest cent.

Answers

Answer:

the net present value is $11,961

Explanation:

The computation of the project NPV is as follows;

The net present value is

= Present value of cash inflows - initial investment

= $8,000 × PVIFA factor for 11 years at 10% - $40,000

= $8,000 × 6.4951 - $40,000

= $51,961 - $40,000

= $11,961

Hence, the net present value is $11,961

The same is to be considered

Veronica had been working at Zenex Industries for eight months when her boss asked to see her in his office. When she walked in, the boss told Veronica she was being laid off as a result of company downsizing. Veronica could feel her heart pounding as she listened to the news. Veronica was able to get a new job, but every time her new boss asks to talk to her in private, Veronica feels a little faint. In this example, the unconditioned response is

Answers

Answer:

c. her pounding heart when she heard she was being laid off

Explanation:

Since in the question it is mentioned that Veronica was working with Zenex industries since 8 months and she wants to talk for the promotion but she was laid off because of downsizing of the company so here the non-conditional response example is that her heart was pounding when she heard the news of laid off

Therefore the correct option is c.

The Eks-Plore Company exports outdoor gear for firms on the east coast of the United States. The company identifies companies in Europe and Asia that market and sell these products. Eks-Plore handles all documentation, logistics, and transportation for the products. What type of business is the Eks-Plore Company?

Answers

Answer:

exporting trading company

Explanation:

Eks-Plore doesn't actually manufacture any outdoor gear. it provides trading services to companies that manufacture them. Eks-Plore sells goods produced in the US and exports them to foreign markets, e.g. European and Asian nations. This is a type of intermediary that is also responsible for located new potential markets where to sell the goods.

I got a hair cut that I did not wanted but my parents did. Can some one give me tips or tell me a way to make my hair grow faster?

Answers

You can try to put aloe Vera and use it as a leave in conditioner, it will make your hair grow and give it shine and a healthy look. You can also try using vitamins for hair growth
You can get biotin pills or hemp oil hope this helped plz mark brainlist

Eric is given a significant degree of freedom and authority while performing his job. This indicates that his company has provided him with _____, which is a factor that contributes to job enrichment.

Answers

Answer:

The correct answer is autonomy.

Explanation:

Autonomy is what enables you to be independent and make self-sufficient decisions. If your company gives you autonomy, that means they trust you enough to allow you to make important decisions which will definitely affect the rest of the company. They trust your skills and judgment if they give you so much freedom and make you autonomous.

write the Express of following numbers. Three times x is 11 and 36 ​

Answers

Answer:

3x + 11 = 32

Explanation:

In this case, expressing means creating an equation that describes

the sum of three times x and 11 is 32.

'Sum' refers to the total while 'is' refers to equals to.

therefore, the total of 3x and 11 = 32

i.e., 3x + 11 = 32

2011/1/14 Paid wages 50,000
journal entry



Answers

Answer:

see below

Explanation:

Wages are business expenses. In the Double entry system, an increase in expenses is a debit entry.

When wagers are paid, cash available reduces. Cash is an asset account. A decrease in an asset account is a credit entry.

the Journal entry in the case will be

Wages A/C   Dr   $5000

Cash A/C    Cr  $5000

"Analysis of environment impact its extermely important ". Justify the statement in topic of business in one paragraph​

Answers

Answer:

see below

Explanation:

Environmental analysis or scanning informs the management of possible opportunities and threats surrounding a business. Analysis of the business environment is essential because there are rapid changes happening in the environment that can greatly impact business performance.

.

A business relies on its environment for inputs and a market for outputs. Changes in any of these factors may disrupt business operations.  For a business to thrive, it must continuously conduct an environmental impact assessment and adapt to it appropriately.

You're the sole IT employee at your company, and you don't know how many users or computers are in your organization. Uh oh! What can you use to easily manage the users in your company

Answers

Answer:

Directorial Services

Explanation:

The best tool to use in this situation would be Directorial Services. This is a widely used computer program for IT employees in companies of all sizes. Mainly because it allows you as an IT employee to easily see all of the individual computers and devices connected to the main network of the company. This program also allows you to analyze data being transferred through devices, manage each computer individually, and distribute resources accordingly.

When presenting a persuasive speech, one speech goal is to ask the audience members to perform a certain action, also know as performing a specific_________. Group of answer choices belief value behavior none of the above No answer text provided.

Answers

Answer:

behavior.

Explanation:

A persuasive speech is one in which the speaker addressing the audience or giving speech to the audience tries to impress or persuade the audience by his speech and convince the listeners through his presentation and speeches.

It is a process of changing people belief, action or reinforcing them. While giving a persuasive speech, one main goal of the speaker is to ask the audience to perform a certain action. It is also known as performing a specific behavior.

1.What is MONEY?
2.did MONEY help you?
pls ans im back​

Answers

1. Money is a very valuable thing that helps you live. You can get money by getting a job, but there are lots of other ways to get money.

2. money helps with you being able to afford things. Money can get you a house, a tv, or even a phone.

Promoters are those who sell a business idea and the corporate form for it.
O True
False

Answers

Answer:

True.

Explanation:

Promoters are those people who have the job of advertising a certain business or idea, in order for it to be acquired by a certain sector of the market or for mass sale to undetermined consumers.

Thus, the function of the promoter is to give visibility to a certain project, so that it is known by individuals and generates economic returns for its creators.

Alex and J.J. Both apply for two job openings in the same department at a law firm in Chicago. They both interview very well and the firm decides to give them both a job offer. The offers go out, and the firm offers J.J. A starting salary that is $10,000 lower than Alex's starting salary. Consider the possible explanations as to why the salaries may be different. Match the explanations with the scenarios. NOTE: Not all explanations will be matched with a scenario. Alex went to a higher tier law school. J.J. Is reentering the workforce after two years away. Alex will be working with a notoriously difficult boss. Alex is a man and J.J. Is a woman.

Answers

It is given Alex and J.J. both are applying for a job openings in a law firm at Chicago.

Both of them got the job offer but J.J. got lower salary than Alex.

The salaries are different for both J.J and Alex.

"Job Openings"

Some of the possible explanations for the difference in salaries that may be related to some scenarios are :

Alex went to higher tier law school -difference in educationJ.J. is reentering the workforce after two years away - difference in experiences.Alex will be working with a notoriously difficult- boss compensating differentials.Alex is a man and J.J. Is a woman -economic discrimination.

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