Answers
Here is the completed table:
Labor Total Product Marginal Product Average Product
0 0 N / A N / A
1 10 10 10
2 25 15 12.50
3 45 20 15
4 63 18 15.75
5 75 12 15
6 80 5 13.3
7 80 0 13.3
8 68 - 12 8.50
How to determine the total product, marginal product and average product?The total product is determined by multiplying the average product by the number of labor. Total product of a labor can also be determined by adding the marginal product of that labor with the total product of the preceding total labor.
Blank 1 : 10 x 1 = 10
Blank 5: 25 + 20 = 45
Blank 7: 15.75 x 4 = 63
Blank 9: 63 + 12 = 75
Blank 13: 80 + 0 = 80
Blank 15: 8.50 x 8 = 68
Marginal product is the change in total product when labor is increased by 1.
Blank 2 : 10 - 0 = 10
Blank 3 : 25 - 10 = 15
Blank 8: 63 - 45 = 18
Blank 11: 80 - 75 = 5
Blank 16: 68 - 80 = - 12
Average product is the total labor divided by the total labor.
Blank 4: 25 / 2 = 12.50
Blank 6: 45 / 3 = 15
Blank 10: 75 / 5 = 12
Blank 12: 80 / 6 = 13.33
Blank 14 : 68 / 8 = 8.50
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Related Questions
Agricultural land includes all of the following EXCEPT which?
Answers
The land that is least conducive to agriculture is sandy soil. This is further explained below.
What is sandy soil?Generally, Light, warm, dry, sandy soil that is acidic and deficient in nutrients is what you may expect to find in a typical climate. Because of their low clay content, sandy soils are often referred to as "light soils."
In conclusion, The term "permanent cropland" includes wooded plantations used to harvest fruit but excludes tree farms and true forests utilized for wood or lumber.
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According to the 2021 “Development Cost Survey” published by HVS International, the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key (guest room). Group of answer choices
Answers
It is a true statement that the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key in 2021.
What is a Development costs?This refers to the costs that a business incurs from researching and introducing a new service.
The U.S. Hotel Development Cost Survey 2021-22 shows that the AVERAGE reported development cost for a LUXURY hotel was over $800,000 per key in 2021.
Therefore, the statement is a true statement.
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Break-Even Analysis. Help needed please!
Answers
Explanation:
break events points is a situation whereby there is no profit or loss
the formula for break even point is fixed cost divided by contribution
break even points = fixed cost
_________
contribution
contribution = revenue - variable cost
examples of variable cost had been given in the picture you sent which are rent,insurance,administrative etc
Assume that markup is based on selling price. Calculate the cost and selling price.
Dollar markup $4.00
Percent markup on selling price 20.00%
Cost and selling price?
Answers
The cost price is $20.
The selling price is $24.
What is the cost price and selling price?When the price of an item is marked up, it means that the price of the item has been increased.
Cost price = dollar mark up / percent dollar mark up
4/0.2 = $29
Selling price = (1.20 x 20) = $24
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Joyce Kleeper entered into a contract with Elmer Coss to purchase a 50‑acre parcel of land in order to construct a modern planned community. The agreement was formally executed with the understanding that performance was to be contingent upon anticipated zoning changes in the area under consideration. When the zoning changes did not occur, Keeper refused to finalize the purchase. Coss sued to force performance. Can Coss prevail?
Answers
Yes, Coss can prevail, this is because even while it was understood that performance would be subject to zoning changes, it wasn't expressly stated in the contract and wasn't a requirement.
What is the legal agreement?A legal agreement is basically a method for the determination that specifies out the roles and obligations of each party to the agreement. The written document becomes enforceable once it has been manually, digitally, or electronically signed.
Thus, This is because even while it was understood that performance would be subject to zoning changes,
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Paman has been hired for the past 15 years by a famous millionaire, Roland who lives in Singapore to look after his durian orchard in a village in Pahang. Considering that in recent years, Roland seems to be less inquisitive about any income, profit, and loss regarding the sale of fruits from his orchard, Paman also began to act carelessly with his duties in the orchard. Unbeknownst to Roland, Paman had asked Nomy, a troubled teenager in the village to help him pick up the durians that had fallen during the recent fruit season. Paman thinks Nomy is a young man who deserves help apart from the relatively low wage asked for. Furthermore, Paman is already less able to manage Roland's orchard alone. Apparently, behind Paman's back, Nomy had acted to conspire with Ms. Kam, a middleman from Kuala Lumpur, and to collect durians from the orchard on a large scale at a much lower price than the market in silence. Finally, Paman managed to sniff out Nomy's bad deed and reported it to Roland. In your opinion, can Roland claim any damages from the actions of Paman, Nomy, and Ms. Kam? Describe Roland's rights according to aspects of Agency Law.
Answers
Roland as the principal has enforceable rights against the Agent (Paman) and the third party hired by the Agent, according to the Agency Law.
What is the Agency Law?Agency Law provides the legal basis for the relationship existing between the principal and the agent, who is appointed to act on behalf of the principal.
By Agency Law, the Agent is hired to do the principal's work, undertake transactions, and manage the principal's business.
According to the law of agency, if the agent deals with a third party on behalf of the principal, the principal can enforce their rights against both the Agent and the third party.
Thus, Roland as the principal has enforceable rights against the Agent (Paman) and the third party hired by the Agent, according to the Agency Law.
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2. Assume that the US economy is producing at its potential GDP when an economic boom (short run event) in both Japan and Europe. This boom results in massive increase in orders for exported goods from the United States.
a. This economic boom in Japan and Europe would cause which curve to shift for AS-AD for the US Economy?
b. Which component of the Expenditure Equation for the US is affected by this boom?
c. What type of macroeconomic equilibrium condition is created by this short run event? (Inflationary gap, recessionary gap or stagflation)
d. Explain the type of fiscal policy that US government would use to bring the economy back to full employment. What curve in the AS-AD would this fiscal policy shift?
e. Explain the type of monetary policy that The Fed would use the bring the economy back to full employment. Hint: ( focus on the Federal Funds Rate and IROB Rate) What curve in the AS-AD would this fiscal policy shift?
Answers
___, in the trait approach to leadership, is the correspondence between actions and words.
Answers
In the trait approach to leadership, is the correspondence between actions and words is called expectancy.
What is trait approach to leadership?The trait theory of leadership holds that leaders are born with specific traits. In other words, leaders have attributes that can be passed down through generations. Early studies introduced that this philosophy of leadership innately dwells within specific persons.
The trait theory of leadership focuses on the leader and the characteristics he demonstrates. Certain characteristics make leaders more effective. Steve Jobs, for example, was well-known for his charisma. People wanted to follow him because of his ability to passionately communicate his visions.
Therefore, expectancy in the trait approach to leadership, is the correspondence between actions and words.
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which tax reduction is deducted from the amount of tax to be paid?
a.) home mortgage interest
b.) donations to chairty
c.) medical expenses
d.) American opportunity tax credit
Answers
Answer:
A
Explanation:
mortgage interest is deductible on a primary home.
1. prepare income statements for both garcon company and pepper company. 2. prepare the current assets section of the balance sheet for each company.
Answers
There are three main parts of income statements and they are:
RevenueExpensesProfitWhat is an Income Statement?This refers to the profit and loss account of a company that shows the expenses and revenue for a particular company.
Hence, we can see that a sample income statement would be:
BOSKA COMPANY
Income statement for August 29, 2021
NET SALES------------------ $2,000,000
GROSS SALES-------------$500,000
GROSS PROFIT-------------$1,5000,000
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Economic decisions involve doing what with resources to produce goods and
services for people to consume?
A. Satisfying
B. Renewing
C. Marginalizing
D. Allocating
Answers
True or false Decentralization refers to the degree to that decision making is concentrated to the top of the organization
Answers
Decentralization refers to the degree to that decision-making is concentrated to the top of the organization: False.
What is a decentralized organization?In a decentralized organization, the decision-making authority and power isn't concentrated at the top level (echelon) of the organization.
This ultimately implies that, decentralization refers to the degree to that decision-making is concentrated to all the areas of an organization.
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The correct option is false. Decentralization in organizations in no way involves concentrated decision-making at the top of the organization.
DecentralizationIn the decision-making process of any organization, the process becomes decentralized when everyone in the organization has a say in the decision process. In other words, everyone including those at the bottom of the organization is involved in the decision process.
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The structure of an industry is changed over time by firms both entering and exiting it. For example, when Apple introduced its iPod, it had a monopoly in this product space since no other manufacturers sold any devices like it. But over time, competitors being lured by profit potentials, introduced their own products such that the industry structure for mp3 players changed from being a monopoly into one that became more competitive as more similar products began appearing in the mp3 player product space.
Smartphones have largely displaced stand-alone mp3 players. Describe the effects of this on the mp3 player industry focusing more on how this industry has changed. Include some discussion of Apple's response to the changing industries conditions over time to as far as what they are more-recently.
Answers
The effects of the smartphone industry on mp3 players was that decline in the music player industry has been noticed.
What are smartphones?Smartphones are referred to as electronic devices mainly used to communicate with people. Smartphones make the life of an individual easier by providing facilities with one click.
The majority of companies that produce MP3 players have entered the smartphone market due to the decline in mp3 players. A number of businesses well-known for producing electronic products, such as MP3 players, have now changed their attention to producing smartphones.
As the market conditions changed over time, Apple responded in a way that helped it become one of the top brands known for its innovation. Apple focuses on providing outstanding customer value. Apple shifted its attention to the design and the display to increase customer satisfaction.
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Some of the local licensed stockbrokers offer investors the opportunity to invest in
international equities. In an effort to have a diversified portfolio, you are considering investing
in a few stocks that are traded in the United States. You have chosen Pepsico, a company you
are familiar with. The company has both common and preference shares.
Required:
i. Common shares: Pepsico is expected to pay dividends over the next four years as
follows:
Year 1 $1.50
Year 2 $1.50
Year 3 $1.25
Year 4 $1.25
Thereafter, the company is expected to increase dividends by an annual rate of 2%.
If your required return on these shares is 9%. How much would you be willing to pay for
a share of this stock today? 10 Marks
ii. Preference shares: The Company’s preference shares pay an annual dividend of $1.50.
With preference shares being slightly less risky than common shares, your required return
is 8%. How much would you be willing to pay for a share of this stock today?
3 Marks
Answers
Currently, $17.39 is the price that investors are willing to pay for a share of this stock. Currently, $18.75 is the price that investors are prepared to pay for a share of this stock.
What is preference shares?
Shares with the ability to receive dividends announced by the firm before equity shareholders are referred to as preference shares, or preferred shares. A security with a fixed income is preferred shares.
Annual rate after year 4(g) =2%
required rate (r) = 9%
Terminal value = Dividend year 4 × (1 + g) / (r—g)
1.25000 × 1 + 0.02/0.09 – 0.02
= 18.21429
(i) D1/(1+r) + [tex]D1/(1+r)^{2}[/tex] + [tex]D1/(1+r)^{3}[/tex][tex]D1/(1+r)^{4}[/tex] + terminal value/[tex](1+r)^{4}[/tex]
1.50/(1+9%) + 1.50/[tex](1 + 0.09)^{2}[/tex] + 1.25/[tex](1+0.09)^{3}[/tex] + 1.25/[tex](1+0.09)^{4}[/tex] + 18.21429/ [tex](1+0.09)^{4}[/tex]
= 17.39289
(ii) Annual dividend/r
1.50/8%
=18.75
Hence, the significance of the preference shares is aforementioned.
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Where would 'accounts payable' most likely appear in a set of financial statements
Answers
Accounts payable would appear on the debit portion in a set of financial statements.
What is accounts payable?This refers to money that one owe to vendors and suppliers. It is the money not owned because it will be repaid later.
Accounts payable is a liability since it is money owed to creditors and is listed under current liabilities on the balance sheet.
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Lin’s Dairy uses the aging approach to estimate bad debt expense. The ending balance of each account receivable is aged on the basis of three time periods as follows: (1) not yet due, $17,100; (2) up to 120 days past due, $6,300; and (3) more than 120 days past due, $3,300. Experience has shown that for each age group, the average loss rate on the amount of the receivables at year-end due to uncollectibility is (1) 2 percent, (2) 15 percent, and (3) 35 percent, respectively. At the end of the current year, the Allowance for Doubtful Accounts balance is $700 (credit) before the end-of-period adjusting entry is made. Required: What amount should be recorded as Bad Debt Expense for the current year? (Enter your answers as a whole percentage (i.e., 0.12 should be entered as 12).)
Answers
Not yet due:
22,000
Estimated Percentage Uncollectible: 3%
Estimated Amount Uncollectible: 660
Up to 120 days past due:
6500
Estimated Percentage Uncollectible: 14%
Estimated Amount Uncollectible:
910
Over 120 days past due:
2800
Estimated Percentage Uncollectible: 34%
Estimated Amount Uncollectible: 952
Estimated Balance in allowance for doubtful accounts: 2522
Current balance in allowance for doubtful accounts: 1200
Bad Debt Expense for the Year: 1322
what is the acronym for the rainbow
Answers
Answer:
roygbiv
Explanation:
roygbiv
Answer:
the rainbow symbolizes God’s glory the radiance of his beauty, holiness, and perfection Like the appearance of the bow that is in the cloud on the day of rain, so was the appearance of the brightness all around. Such was the appearance of the likeness of the glory of the Lord.
What's the price of a property would be expected to sell for after suitable exposure to the market, assuming no exceptional factors are influencing the parties' decisions or financing availability
Answers
The price of a property would be expected to sell for after suitable exposure to the market is Fair value Price.
What is Fair Value?
The price that must be set to sell the property in the open and competitive market under all the conditions required for the fair sale is called as Fair Value. The Buyer and the Seller assumes the prices is not affected in any circumstances.
The amount that a property should sell for, provided that no unusual circumstances are impacting the parties' judgments or the availability of finance is the Fair Value Price.
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Assume that at the end of 2017, Crane used $2,460 cash to pay off $2,460 of accounts payable. How would the current ratio and working capital have changed? (
Answers
There will be a decrease in the current ratio and no change in working capital when the cash is paid for the accounts payable.
What is current ratio?The current ratio is the ratio analytical tool that determines the position of an organization to fulfill the demands of its short-term capital and fund requirements during the current financial year or period.
The current ratio is negatively affected by the use of cash to pay the liabilities like payables and short term loans. However, there is no such effect on the working capital when cash is used for the same.
Hence, option A holds true regarding the effect on current ratio and the working capital of Crane is aforementioned. The complete question has been attached as an image for better reference.
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Do you believe that professional groups should be allowed to assign their own professional codes of conduct and police themselves from within? Why or why not?
Answers
Professionals should create their own codes of conduct to cover all issues related to their work and the ethics required in each case.
What is a code of conduct?A code of conduct is a series of rules that establish the behaviors, attitudes, procedures, and responsibilities that a professional has regarding their work activity.
According to the above, it can be inferred that the best alternative to create codes of conduct for the different professions is internally, since this will allow the best qualified professionals in each area to establish the ideal parameters that correspond to each profession.
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Difference between an
Architect and Engineer
Answers
A feature of personal selling by salespeople is that it is
Answers
A feature of personal selling by salespeople is that it is their development of oral conversation.
What is a Personal selling?This refers to a face to face selling technique whereby the salesperson uses an interpersonal skills to persuade the prospective customer in buying a particular product.
However, the main feature of personal selling by salespeople is that it is their development of oral conversation because they need to effectively persuade their client.
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Which of these best fits the definition of interest, as it applies to finance? a. interest is the money earned by investing. b. interest is the cost of borrowing money. c. interest is the cost of investing poorly. d. interest is the portion of a loan which must be repaid every year. please select the best answer from the choices provided a b c d
Answers
The definition for interest in terms of finance is interest is the cost of borrowing. Therefore the correct option is (B).
What is Finance?Finance refers to the money or the funds required by the company to undertake the business projects. Here, finance is the separate field of the study taught to the management students.
Interest refers to the amount charged to the borrower to the lender on the loan facility provided to them. Every lender charges the rate of the interest according to his will.
Bank also charge the rate of the interest on the loan provided to the customer. Therefore the correct option is (B).
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"Spin" boils down to outright lying in order to cover up what actually happened in a situation.
O True
O False
Answers
Answer:True
Explanation:
Why do you think this language motivated people in the audience like fulcher of chartres to join the crusade? what did the crusade have to offer them?
Answers
Crusades had been a chain of spiritual wars among Christians and Muslims commenced in general to steady management of holy sites taken into consideration sacred with the aid of using each group.
What was the purpose of Pope Urban II's speech?Pope Urban II gave the most influential speech of the Middle Ages, giving an upward thrust to the Crusades with the aid of using calling all Christians in Europe to battle in opposition to Muslims so that they can reclaim the Holy Land, with a cry of “Deus vult!” or “God wills it!”
Hence, the language used by Pope Urban II motivated the audience and reclaim the Holy Land, with a cry of “Deus vult!” or “God wills it!”
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the correct decision of decision variable are
Answers
The correct definition of decision variable is that it is a quantity that the decision-maker controls.
What is a decision variable?This refers to an economic/physical quantities that usually competes with one another for sharing the given limited resources.
Hence, the term "decision variable" is best defined as a quantity that the decision-maker controls to utilize the resources.
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Which of the following is true about Needs Met ratings? Select all that apply.
Answers
Answer:
you should always assign the Needs met rating before assigning the page quality rating.
what could turn out to be risks of an entrepreneurial venture? Choose three
Answers
Answer:
There are many risks that could be a result of an entrepreneurial venture such as:
Financial risks
Reputational risks
Cyber security
Political risks
Economic risks
Compliance risks
Operational risks
Explanation:
Leon is a rock climbing enthusiast, and is considering getting a membership at a new rock climbing gym. today, leon climbs at a different gym where on a weekly basis, it costs him $18 per climb for the first three climbs, $8 per climb for the next three climbs, and $5 per climb for any subsequent climbs that week. the cost of the membership at the new gym is $25 a week, regardless of how many times leon climbs at the gym. the new gym leon is considering would also require a locker rental fee of $8 per climb. leon knows that based on the amount he climbs today (approximately 4x per week), it makes more financial sense to move to the membership, however he wants to understand what might happen if he changes his climbing frequency. when will it no longer make financial sense for leon to move to the membership option?
Answers
The correct option is C. If he climbs less than three times a week and more than six times a week that make no longer make financial sense for Leon to move to the membership option.
What is a Membership service?
Assisting Enrollees in comprehending CONTRACTOR policies and practices, facilitating referrals to participating specialists, and assisting in the resolution of issues and member complaints are all examples of what is meant by member services.
The complete question is given in the file attached below
Given,
Calculation of Under non-membership according to correct options
Assume If he climb 8 times in week = 3x18 + 3 x 8 + 2 x 5 =$88
Calculation of Under membership
Assume if he climb 8 times in week = $25 + 8 x 8 =$89
Thus, the difference between membership and non-member is $1.
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Is It Possible To Be An Exterminator If Your Scared Of Every Known Bug, insect Or Termite Known To Man Kind Like (Ants,Bees,Bed Bugs, Butterflies,Caterpillars Cockroach, Grasshoppers, Mosquitoes,Ladybugs,Spiders,ETC)
Answers
Answer:
Well it depends on the person. Are you scared of seeing bugs or scared of even thinking or knowing about them. If you are a truly scared I would suggest not becoming an exterminator.
If its just a general fear of insects you can give the job a try, since most exterminators don't come in direct contact with insects you will rather be spraying or preventing the insects to come in the first place.
Answer:
It may be possible, to over come your fear doing that job. But I would not recommend it because if you are freaking out about bugs all the time, you wont be able to do your job to the full potential and in fact they might hire you in the first place.
Explanation: