mr. cobb, a corn farmer, pays his workers $8 an hour. at his current level of labor use, the marginal product of an additional hour of labor is three bushels of corn. the market price of corn is $2.75. in order to maximize his profits, mr. cobb should:
Answers
In order to maximize his profits, Mr. Cobb should hire more labor because the marginal revenue product exceeds the wage.
What is a Marginal Revenue?
The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns. According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal.
The formula for marginal revenue can be expressed as:
Marginal Revenue= Change in Revenue/ Change in Quantity
MR= ΔTR/ΔQ
Suppose a business sells its first 100 products for a total of $1,000. The marginal income of the 101st item is $8 if the subsequent item sells for $8. Because marginal revenue only considers incremental change, it ignores the prior average price of $10. If it sells a total of 115 units for $1,100, the marginal revenue for units 101 through 115 is $100, or $6.67 per unit.
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Related Questions
what is human resources in south Africa
Answers
Explanation:
Human resources refer to a country's population, their skills and abilities
Vertical analysis of balance sheet
Balance sheet data for Alvarez Company on December 31, the end of two recent fiscal years, follow:
Line Item Description Current Year Previous Year
Current assets $2,800,000 $1,840,000
Property, plant, and equipment 5,200,000 6,072,000
Intangible assets 2,000,000 1,288,000
Current liabilities 1,800,000 1,380,000
Long-term liabilities 3,600,000 3,680,000
Common stock 980,000 920,000
Retained earnings 3,620,000 3,220,000
Prepare a comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity. When required, round percentages to one decimal place.
Answers
The comparative balance sheet for both years, stating each asset as a percent of total assets and each liability and stockholders’ equity item as a percent of the total liabilities and stockholders’ equity will be
Description Prior Year Current Year Prior Year (%) Current Year (%)
Cash 0.00% 0.00%
Investments 0.00% 0.00%
Inventories 0.00% 0.00%
Accounts receivable 0.00% 0.00%
Pre-paid expenses 0.00% 0.00%
TOTAL 1,840,000 2,500,000 20.00% 25.77%
Property 6,072,000 5,200,000 66.00% 53.61%
and equipment
Leasehold improvements 0.00% 0.00%
Equity and other investments 0.00% 0.00%
Less accumulated 0.00% 0.00%
depreciation (Negative Value)
Intangible Assets 1,288,000 2,000,000 14.00% 20.62%
Charity 0.00% 0.00%
total 9,200,000 9,700,000 100.00% 100.00%
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Is region of the world where a country is located associated with a country's GDP? Please address this question by using SPSS and a One-Way ANOVA to statistically analyze the following two variables"
Answers
To determine if the region of the world where a country is located is associated with a country's GDP, a One-Way ANOVA can be performed using SPSS. This statistical analysis will allow us to assess if there are significant differences in GDP among different regions.
To conduct the analysis, we need two variables: "Region of the World" and "GDP." The "Region of the World" variable should consist of categorical data indicating the region where each country is located (e.g., Americas, Europe, Asia). The "GDP" variable should contain numerical data representing the GDP values for each country.
Using SPSS, we can perform a One-Way ANOVA test, which will assess whether there are significant differences in GDP means across the different regions. The ANOVA test will generate an F-statistic and associated p-value. If the p-value is below a predetermined significance level (e.g., 0.05), we can conclude that the region of the world is associated with the country's GDP.
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A urvey howed that the average commuter pend about 26 minute on a one-way doorto-door trip from home to work. In addition, 5% of commuter reported a one-way commute of more than one hour (Bureau of Tranportation Statitic webite,January 12, 2004)
Answers
This survey provides a snapshot of the average amount of time commuters spend on their daily trips to and from work.
It indicates that the majority of commuters spend approximately 26 minutes on their one-way trips, but that a small percentage of commuters have significantly longer commutes of more than one hour. This could be due to a variety of factors such as living in rural areas with limited public transportation options or living in an area with heavy traffic.
Surveys used to gather data ask a specific set of people about their beliefs, actions, or knowledge. In order to gather information about a service, product, or process, a survey is described as the act of looking at a process or questioning a predetermined sample of people.
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Counterclaim - Some people might argue that organ sells should be controlled by a market. Rebuttal why is the counterclaim wrong/misguided/unimportant?
Answers
The counterclaim is false, and a warrant demonstrates this. When one party makes claims in response to another's claims in a court of law, that claim is known as a counterclaim.
Include the counterclaim, which represents the side of the topic that is at odds with your own, while crafting a compelling case. When you include a counterclaim and go over its benefits and drawbacks, your argument becomes stronger.
A topic sentence that acknowledges the opposing position and makes reference to the paragraph preceding it should be used to create a smooth transition into a counterclaim. Counterclaims should only include evidence from reliable sources to support the other side.
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Brian has come to see Monica at Elite Salon & Spa for his regular biweekly pedicure appointmentAs construction worker Brian spends most of his time standing and wearing boots for many hours at time, so his feet suffer the past week has been especially rough , and Brian is really looking forward to his appointment with Monica What should Monica do first when he brings Brian back to the pedicure chair?
Answers
Answer:
Monica should First examine Brian's feet and toenails.
Explanation:
One of the things people dealing with nails otherwise known as nail technicians does is not all about doing pedicures and manicures for their clients alone they also learnt about Bacteriology and nail diseases so they can give advice on nails management to their numerous clients.
Monica, after the examination should advice Brian to get a new pair of shoes in order to inhibit fungal growth. If Brian do not do this, he will likely get a tinea pedis later. After the advice, Monica should massage Brian's feet. Below are the steps Monica should follow:
=> Examine the feet and toenails.
=> Give advice and Massage.
=> Deep the feet into cool water for some minutes .
Answer:
examine his feet and toenails
Explanation:
In this scenario when Brian comes to meet Monica for a pedicure, she will need to first look at Brian's feet to determine the best course of action depending on the damage that has been done on Brian's feet.
For example she could examine his feet and realise he has athletes foot.
Athletes foot occurs when a person's feet are enclosed in a confined space such as a shoe and there is sweat.
Irritation is noticed between the toes and soles of the feet, and antifungal cream can be used to treat it.
In this case this is most likely the diagnosis for Brian as he stand s for long and wears boots
what your name answer in 1 minute
Answers
Answer:
Adrean :)
Explanation:
eugh
WARM UP: If a person dies in cold weather, does that increase or decrease rigor mortis? What about Warm weather?
Answers
Answer:
cold weather:decrease rigor mortis warm weather: increase
Explanation:
Ambient temperature: Warm conditions speed up the onset and pace of rigor mortis by providing a hospitable environment for the bacteria and processes that cause decay. Cold temperatures, on the other hand, slow it down. If someone dies outside in freezing temperatures, rigor mortis can last for days.
Not only does the surrounding ambient temperature affect the onset of rigor mortis, but the internal temperature of the body at death does as well. Having a high fever at the time of death will accelerate the progression of rigor mortis.
Match the examples with the types of goods. Please help!
Answers
Answer:
Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good
Jamie goes to the store to buy toothpaste - Convenience staple good
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good
Explanation:
I have been able to match the examples with the type of goods.
Unsought good is the good that the consumer has no knowledge of. Also, he wasn't thinking of buying such good. It is usually purchased out of fear.
Specialty good usually have specific characteristics and benefit. Therefore, the consumer has a reason for purchasing it.
Shopping good is one purchased after the consumer had compared prices, quality, etc in more than one store.
Convenience staple good is the good which is consumed regularly.
Convenience impulse good is one which entices the consumer and he makes purchase without researching or thinking.
Answer: Omar buys a snack pack of chips that he noticed while in line at the store - Convenience impulse good
Joaquin pays for renters' insurance so that he will get paid if his belongings are destroyed in accident or burglary - Unsought good
Jamie goes to the store to buy toothpaste - Convenience staple good
Wanda reads review of different video cameras to decide what brand she wants, and then chooses the store with the lowest price on that item - Shopping good
Adriana only buys doughnuts from her favorite local doughnut shop - Specialty good
Explain the importance of leisure activities.
Answers
Answer:
leisure activities improve the productivity of people
Explanation:
if you feel stressed and then go to a water park, you will get less stressed right?
As individual legal entities, corporations assume liability for their own debts, so the shareholders hold.
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As individual legal entities, corporations assume liability for their own debts, so the shareholders hold only limited liability.
What is limited liability?Limited liability is known to be a kind of a legal protection that is made specifically for shareholders as well as the owners that tends to hinder people or individuals from being held solei responsible for their company's debts as well as any form of financial losses.
Note that this is one that tends to exist in a unique form and as such, As individual legal entities, corporations assume liability for their own debts, so the shareholders hold only limited liability.
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what does ngo stand for
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NGO stands for Non-Governmental Organization. These are organizations that operate independently of any government and are typically non-profit. They are often involved in humanitarian or social causes, such as providing aid to those in need or advocating for certain issues.
Examples of NGOs include Oxfam, Doctors Without Borders, and the World Wildlife Fund. Non-Governmental Organization, which is an organization that is not a part of any government but works towards a common goal. NGO's typically work in the fields of human rights, social justice, or environmental conservation.
NGOs are generally funded by contributions from individuals, corporations and foundations, and may receive grants from governments or international organizations. They often rely on volunteers to do the work and may work with other NGOs, government agencies or private companies to achieve their goals.
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the creation of goods and services is referred to as: part 2 a. formation. b. transformation. c. production. d. design.
Answers
Answer:
The creation of goods and services is referred to as production. So the correct answer would be C. production.
What was the earliest franchise of indoor cycling classes called?.
Answers
The earliest franchise of indoor cycling classes called Spinning
SpinningSpinning is a brand of indoor bicycles and indoor cycling instruction classes distributed and licensed by the American health and fitness company Mad Dogg Athletics.In conclusion, we can conclude that the correct answer is spinning.
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The Discount Rate is equal to 1% and the Fed Funds Rate is equal to .5%
At what rate would banks be able to borrow from each other's reserve balances?
Answers
The Discount Rate is the interest rate that the Federal Reserve charges banks to borrow funds on a short-term basis. It is typically set higher than the FFR as a tool for controlling monetary policy.
However, since the given Discount Rate of 1% is higher than the FFR of 0.5%, it is unlikely that banks would borrow from the Discount Window. Instead, they would prefer to borrow from each other's reserve balances at the lower FFR rate of 0.5%.
Therefore, the rate at which banks would be able to borrow from each other's reserve balances in the given scenario is 0.5%.
Unlike a limited partnership, a general partnership has which of the following?
O A. An unlimited number of partners.
B. Option to declare bankruptcy without penalty.
C. Unlimited liability for all partners.
D. Stockholders and a board of directors.
Answers
Answer:
C. Unlimited liability for all partners.
Explanation:
A general partner has unlimited liability to the debts of the business. It follows that in a general partnership business, all partners will have unlimited liability to business debts.
A general partnership is not a separate entity from its owners. Assets and liabilities of the business will be treated as those of the partners. Should the business fail in paying its debts, the partners' personal properties may be sold to clear the debts.
The level of activity within which management expects the company to operate is called the ____
Answers
The level of activity within which management expects the company to operate is called the "normal operating level" or "normal capacity."
It represents the anticipated level of production or business activity that a company aims to sustain over the long term. This level is typically determined based on factors such as market demand, available resources, and the company's strategic objectives. By establishing a normal operating level, management can plan and make decisions regarding production, staffing, and resource allocation to ensure the company operates efficiently and effectively.
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A corporate high-yield bond fund
a. Invests in bonds issued by companies which have financial problems
b. Invests only in high-rated safe bonds
c. Invests in corporate bonds which pay a higher interes
"
Answers
c. Invests in corporate bonds which pay a higher interest
A corporate high-yield bond fund typically invests in corporate bonds issued by companies that have lower credit ratings or higher default risk. These bonds offer higher interest rates to compensate investors for the increased risk involved. The fund seeks to generate higher returns by investing in these higher-yielding corporate bonds.
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what is the purpose of dark tourism
Answers
Answer:
"On one hand, the original purpose of dark tourism sites is for visitors to memorialize the victims and receive education to ensure the 'never again' hope. This is why most of these sites are presented as sites of remembrance for heritage, education or history."
Explanation:
Experts call the phenomenon dark tourism, and they say it has a long tradition. Dark tourism refers to visiting places where some of the darkest events of human history have unfolded. That can include genocide, assassination, incarceration, ethnic cleansing, war or disaster — either natural or accidental.
What is the best business organization for annabeth’s new company? a corporation, because she will need financing to get started a sole proprietorship, because the business is small and simple to operate a partnership, because she lacks the skills to make machine parts a cooperative, because local businesses will be her customers
Answers
The statement that best describes the business organization for Annabeth’s new company is to a corporation, because she will need financing to get started.
What is corporation?A corporation is an entity. It is usually defined as a collection of people or a company.
It has been permitted by the state to act as a single entity and is lawfully recognized as such for certain purposes.
Documents were utilised to found the first incorporated entities. The majority of governments now permit the formation of new corporations through the registration process.
The reason a Corporation would be preferable is that it would allow her to realize her long-term goals.
In the future, a corporation is more likely to expand, allowing Annabeth to realize her aspirations of selling to Europe and South America.
She does, in fact, have a better probability of doing so sooner rather than later.
Therefore, option a is correct.
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large corporations collect vast amounts of information about their customers' shopping habits, including how, when, why, where, and what they buy, and then use that information to blank . multiple choice question. plan future products and services determine net profitability improve customer-to-customer marketing update human resources policies
Answers
Large corporations collect massive amounts of data about their customers' purchasing habits, including how, when, why, where, and what they buy, and then use that data to plan future products and services.
How customer's purchasing habit is related to business?Businesses can best market their products and services if they understand how buyers think, feel, and decide. This assists marketers in forecasting how their customers will behave, which aids in the marketing of existing products and services.The purchase of a particular brand on a regular basis is referred to as habit buying. Due to a lack of dissatisfaction, most consumers continue to purchase the same brand. In other words, it is not due to brand loyalty, but rather to the absence of product problems.Understanding consumer behavior is important for businesses because it can help them make better product and service decisions. Businesses can improve their offerings by understanding why people buy certain products and how they use them.To learn more about customer behavior refer to :
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2. If changes happen during September or October, which expenses will you be able to change most easily? Give an example of how you could make a change. (5 points)
Answers
The correct answer to this open question is the following.
Although the question does not provide any context, references, or give options, we can say that if changes happen during September or October, the expenses you will be able to change most easily are according with the provisions projected in the annual plan, the budget, compared with the monthly expenses.
That is why a company has to elaborate on a good financial plan and overseeing the projections and true sales of the marketing and sales plan. This is important to take the proper control of expenses and revenues. Depending on the volume of sales during September and October, you can decide what kind of changes or adjustments to make in the following months.
Answer:
I would be able to change the variable expenses most easily. Such as food, clothing, and discretionary spending.
I could make the change by
Budgeting in October:
food from spending -$70 back to -$60
cut clothes off since I bought some already from -$40 to $0
budget my discretionary spending from -$60 back to -$40
This would increase my savings to $230
Side effects of anabolic steroid use in males include which of the following? A. Timidity. B. Shrinkage of sex organs. C. Greatly increased hair growth. D. Increased body fat.
Answers
Answer:
It’s B 100%
Explanation:
Answer: b
Explanation:
Which is a risk in IS development?
A. system unavailability
B client requirements
C. design complexity
D. low productivity
Answers
Answer: system unavailability
Explanation:
A risk in IS development is system unavailability or asset availability. The correct option is a.
What is system unavailability?System availability which is also known as equipment availability or asset availability is a metric that measures the probability that a system is not failed or undergoing a repair action when it needs to be used.
There are three qualifications that need to be met for a system to be available: Functioning equipment - Not out of service for repairs or inspections, Functioning under normal conditions - Operates in an ideal setting at an expected rate, Functioning when needed - Operational at any time production is scheduled. System availability is used to gauge if an asset’s production potential is being maximized, which has a direct impact on the financial health of a business. System availability is calculated by dividing uptime by the total sum of uptime and downtime.
The formula is System availability = (Actual operation time in hours / Total time in hours) * 100.
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Which of the following is an argument in favor of government regulation in a free-enterprise system?
Responses:
-Alleviation of wealth gaps
-Higher business costs
-Competition between businesses
-Inefficient processes
Answers
An argument in favor of government regulation in a free-enterprise system response as an alleviation of wealth gaps. The correct option is (A).
What do you mean by free- enterprise system?An economic system referred to as free enterprise gives people the freedom to manage their own finances without interference from the government and as independently profitable companies.
To uphold law and order, defend the right of individuals to own property, and implement voluntarily entered-into agreements, the government has the coercive authority. In substance, the free business system functions under the protection of the government.
Therefore, an argument in favor of government regulation in a free-enterprise system response as an alleviation of wealth gaps.
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The practice of employees being brand promoters is called __________________________________.
a. employee potential
b. employee advocacy
c. employee empowerment
d. employee promotion
Answers
Answer:
I'm pretty sure it's employee advocacy.
To locate the explanation of the colors on a map, you should look for a a. Compass c. Key b. Scale d. Chart Please select the best answer from the choices provided A B C D
Answers
Answer:
C. Key
Explanation:
Answer:
key
Explanation:
Who decides what goods and services should be produced and how those goods are to be produced in a command economy?.
Answers
Answer:
america
Explanation:
D. government officials.
hi answer this if you know it plz :)
How do consumers usually react when they are dissatisfied with a product or its delivery?
O A. purchase from local produce
B. purchase in bulk
C.
shift their loyalties
D.
reduce frequently of purchase
Answers
which of the following attributes makes suppliers a stronger threat? group of answer choices a) the supplier's industry is dominated by a small number of firms. b) the product or service provided by suppliers is not highly differentiated. c) suppliers are threatened by substitutes. d) suppliers are not able to engage in forward vertical integration.
Answers
The supplier industry is dominated by a small number of firms attributes make suppliers a stronger threat.
In a supply chain, a provider, supplier, vendor, or seller is a company that offers goods or services. In general, a supply chain supplier manufactures inventory items and sells them to the next link in the chain. Today, these terms refer to suppliers of goods or services.
A supplier is a person or entity that provides products or services to another entity. The role of a supplier in business is to provide quality products from manufacturers at reasonable prices to distributors or retailers for resale.
A supplier is an individual who supplies, sells, provides or exhibits, leases, distributes or installs biological or chemical materials or equipment for use in the workplace.
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