you purchased butterfly wing corporation stock exactly one year ago at a price of $77.95 per share. over the past year, the stock paid dividends of $2.98 per share. today, you sold your stock and earned a total return of 15.95 percent. what was the price at which you sold the stock?
Answers
The price at which you sold the stock is $88.50; Dividend yield = dividends paid / beginning share value = 4.01%; Capital gain yield: 0.1628 = 0.04 + g, g = 0.1128.
Current share price = beginning share price x (1 + g) = 88.50
A dividend is a benefit given to shareholders by publicly traded firms, and it is funded by the latter's net profit. These incentives, which can take the form of cash, cash equivalents, shares, etc., are often provided from the remaining portion of earnings after all necessary expenses have been covered. The board of directors of a firm determines the dividend rate, taking into account the consent of the majority of shareholders.
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Related Questions
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answers
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
Describe where you are in life right now. What makes you most excited about where you are now? What questions do you have, and what are you worried about????
Answers
Answer:
I'm in my lowest point tbh my family is stressed, mom and dad don't care about me, can't help me with school, and we are pretty much broke
I am exited about having a bf this year
When am I going to find peace in my life and when will my parents care about me again?
I am worried I will have to live on my own soon and I'm not ready yet ;(
Explanation:
this is gonna be weird but thank you for asking this question
I feel a bit better already :)
In a market economy, who makes the decisions that guide most economic activity?.
Answers
Answer:
A market economy is an economic system in which economic decisions and the pricing of goods and services are guided by the interactions of a country's individual citizens and businesses.
Explanation:
Please tell me if correct If so branliest would be nice
Using the CSU Online Library and/or online resources, select a company from the following list, or research another company and use it.
- Walmart
- Starbucks
- McDonald’s
- Disney
- Ford Motor Company
- General Motors
Locate this company in the business news. Does your selected company operate as an international business? A good source of information for this question is the annual report of the company. Explain your answer. For example, how extensive are the international operations of the firm you selected? What is the value of revenue, domestic versus international, and what are the trends?
Submit a two-page report on your findings. Include the following:
- introduction,
- body, and
- conclusion.
All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations in proper APA style.
Answers
Ford Motor Company operates as an international business. Its revenue distribution is from domestic and international operations with a majority of the sales coming from the North American region.
Ford Motor Company is an American multinational automotive company that operates as an international business. According to its 2019 annual report, it operates through two business segments: automotive and financial services. The automotive segment includes the sale of Ford and Lincoln brand vehicles while the financial services segment offers a range of financial products to Ford dealers and customers.
The company operates in several countries, including the United States, Canada, Brazil, Europe, China, India, the Middle East, and Africa. Its revenue distribution is from domestic and international operations with a majority of the sales coming from the North American region. The company's revenue increased from $148.9 billion in 2018 to $160.3 billion in 2019. The trend shows a gradual increase in the company's revenue. In conclusion, Ford Motor Company operates as an international business, and it has an extensive global presence with a gradual growth trend.
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Select the correct answer. Under which market structure does the action of one company have a spillover effect on other companies’ decisions?
A. oligopoly
B. perfect competition
C. monopoly
D. monopolistic competition
Answers
Answer:
A. oligopoly
Explanation:
a state of limited competition, in which a market is shared by a small number of producers or sellers.
Under oligopoly, the action of one company has a spillover effect on other companies’ decisions. Thus, option A is the correct option.
What is a company?A company can be defined as an institution who makes a product or service and sells it or endorse it in the market to earn revenue.
When there is any change or shift in the market with respect to any sort of commodity than that effect goes on to another product which can be considered as a substitutional product is called as oligopoly.
For example, in the case of a cold drink if one cold drinks prices increases or the demand decreases then people start to prefer to another call ring that can be considered as it substitute product this system can be referred to as an oligopoly. Therefore, option A is the correct option.
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Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor $216,000 $ 261,000 7 Administrative expenses Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 151,000 $ 377,000 $360,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 50,000 Ending $ 30,000 Raw materials Work in process Finished goods 7 $ 32,000 $ 33,000 The total manufacturing costs added to production for the year were $685,000; the cost of goods available for sale totaled $750,000; the unadjusted cost of goods sold totaled $662,000; and the net operating income was $37,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. COGS COGM Income Statement Schedule Schedule Prepare an income statement for the year. Superior Company Income Statement Selling and administrative expenses: Check my work Complete this question by entering your answers in the tabs below. Income COGS Statement Schedule COGM Schedule Prepare a schedule of cost of goods sold. Superior Company Schedule of Cost of Goods Sold Adjusted cost of goods sold Prepare a schedule of cost of goods manufactured. Direct materials: Total raw materials available Direct materials used in production Total manufacturing costs added to production Total manufacturing costs to account for Cost of goods manufactured Superior Company Schedule of Cost Goods Manufactured
Answers
Superior Company Income Statement for the year ended December 31
Sales Revenue $699,000
Cost of Goods Sold:
Beginning Inventory (Work in Process) $32,000
Add Cost of Goods Manufactured $665,000
Goods Available for Sale $697,000
Less Ending Inventory (Finished Goods) $33,000
Cost of Goods Sold $664,000
Gross Profit $35,000
Selling and Administrative Expenses $216,000
Net Operating Income $19,000
COGS Schedule:
- Beginning Work in Process Inventory: $50,000
- Add Direct Materials: $261,000
- Add Direct Labor: $151,000
- Add Manufacturing Overhead Applied: $333,000 ($470,000 − $137,000)
- Total Cost of Work in Process: $795,000
- Less Ending Work in Process Inventory: $32,000
- Cost of Goods Manufactured: $763,000
COGM Schedule:
- Beginning Raw Materials Inventory: $7,000
- Add Purchases of Raw Materials: $261,000
- Total Raw Materials Available: $268,000
- Less Ending Raw Materials Inventory: $32,000
- Direct Materials Used in Production: $236,000
- Direct Labor: $151,000
- Manufacturing Overhead: $333,000 ($470,000 − $137,000)
- Total Manufacturing Costs Added: $720,000
- Add Beginning Work in Process: $50,000
- Total Manufacturing Costs to Account For: $770,000
- Less Ending Work in Process: $32,000
- Cost of Goods Manufactured: $738,000
Income Statement:
- Sales: $699,000
- Less Cost of Goods Sold: $664,000
- Gross Profit: $35,000
- Less Selling and Administrative Expenses: $216,000
- Net Operating Income: $19,000
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Discuss the impact of using technology during production to the costs of a business.
Answers
The impact of using technology during production on the costs of a business can be both positive and negative.
What are the positive aspects?
On the positive side, technology can increase efficiency, speed up production, and reduce labor costs. It can also improve quality and consistency, leading to fewer defects and less waste.
However, technology can also be expensive to implement and maintain, requiring ongoing investment in software, hardware, and training.
In addition, technology can create new dependencies and risks, such as the need for cybersecurity measures to protect against data breaches or system failures.
Ultimately, the impact of technology on costs depends on the specific technology used and how it is integrated into the production process.
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ANWSER HURRY, RUNNING OUT OF TIME....
I'LL GIVE YOU 15$ FOR THE ANWSER , IF YOU GIVE ME SOMETHING I CAN COPY AND PASTE...PUT UR CASHAPP IN THE EXPLANATION AREA....
Explain incentives and opportunity cost. Also give an example of both.
Answers
Answer:
Incentives can be either monetary or non-monetary. When opportunity costs change, incentives change, and people's choices and behavior change. Changes in incentives cause people to change their behavior in predictable ways.
Explanation:
i dont want money thx though.
Incentives convince you to do something - it’s a reward or punishment that shapes people’s choices. Opportunity costs, in contrast, represent the benefits of one choice over another. If you pick one thing, you can’t pick another. An example of an opportunity cost is choosing to spend your morning exercising over seeing friends. The opportunity cost is the time spent exercising (that time can not go anywhere else). An incentive example can be a bonus for selling a certain number of items while working.
Hope this helps!
Explanation:
lindsayest
Explain the importance of international employment
Answers
Answer:
having international workers allow organisation to be connected two other country markets as well.they get to know the best places to get resources and how to approach different countries through being thought business norms and culture by international employees.
Answer:
Employment created through the investment of a country or the partnership of countries is known as international employment. International employment are important to provide employment opportunities to people , help in bringing the investment of foreign capital , increase the pace of economic activities , provide environment to operate with foreign people's knowledge , skill and technology , create variation in material production etc.
When you invest in a bond, the regular payment of interest that you receive is called a...maturitycouponface value (wrong)par valueprice
Answers
We have that, when investing in a bond, the regular payment of interest that is received is called a coupon. The correct term in this context is "coupon".
A detailed explanation of the terms related to bonuses:
Coupon: The periodic interest payment made to bondholders over the life of the bond.Maturity: The date on which the principal amount of the bond must be repaid to the bondholder.
Face Value: The amount of money the bond will be worth at maturity, also known as the principal of the bond.
Par Value: The original value of a bond when it is issued, usually equal to the par value.
Price: The current market value of the bond, which can be higher or lower than face or face value, depending on various factors, such as interest rates, credit rating, and time to maturity.
Investing in a bond involves receiving regular coupon payments as interest. Other important terms related to bonds include maturity, face value, par value, and price.
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identify three of the many shared ethical standards among businesses that are incorporated in codes of ethics
Answers
Carrie offers tutoring services to college students. She wants to gain enthusiasm for these services?
Answers
The profit in the given circumstance is $3300 for the month of January.
What is profit?In accounting, a profit is an income that is given to the owner throughout a successful market-producing process (business).
Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit.
There are various profit metrics that are frequently used.
Revenue generation and distribution must always be balanced in order for income to be formed in market production.
Within the review period, the earned income is consistently dispersed as economic value to the production's stakeholders.
So, the cost per hour is $40.
200 hours were spent tutoring in total.
Space rental costs $4000.
$325 for electricity.
Publicity costs $375.
The whole cost is 40.
Then,
Total expenses = 4000+325+375 = $4700
Now,
Profit = $40(number of hours) - (expenses)
Profit = 40(200) - 4700
Profit = 8000 - 4700
Profit = $3300
Therefore, the profit in the given circumstance is $3300 for the month of January.
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Complete question:
Mary and Lamar establish a tutoring service at a local mall. They tutor college students in math and English. They charge $40 per hour for tutoring. In the month of January, they charged for 200 tutoring hours. The expenses of their business are given in the table below. Expense Amount/Month Rent of Space $4000 Electricity $325 Advertising $375 Using the formula Profit = $40(number of hours) – (expenses) , calculate their profit for the month of January.
Discuss how does IFRS 10 assist investors to assist to
determine whether potential voting rights is or have ceases to be
substantive.
Answers
IFRS 10 Consolidated Financial Statements establishes principles for the preparation and presentation of consolidated financial statements. The standard requires the consolidated financial statements to reflect the assets, liabilities, equity, revenue, expenses and cash flows of a parent and its subsidiaries as if they were a single entity.
In order to assess control, the standard establishes three criteria that must be met: (a) the ability to influence the investee's operating and financial policies, (b) exposure or rights to variable returns from the investee, and (c) the ability to use power over the investee to affect returns. An investor must have a substantive voting right in order to satisfy the first criterion. An investor's voting rights are considered substantive if they have the power to affect the returns of the investee.
In the context of the assessment of control, IFRS 10 provides specific guidance on how to assess the significance of potential voting rights. An investor must consider the nature of its voting rights, the size of its investment, and the level of other investors' ownership in the investee, among other factors, in order to determine whether its voting rights are substantive.
In conclusion, IFRS 10 Consolidated Financial Statements assists investors in determining whether their potential voting rights in an entity are or have ceased to be substantive. The standard provides guidance on how to assess the substance of their involvement with an investee, the significance of their voting rights, and when and how to consolidate an investee. Investors must determine whether their voting rights have the potential to affect the economic returns of the investee, and if so, whether they are significant enough to warrant consolidation.
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Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
Answers
Answer:
Option A
Explanation:
The complete question is
Three roads lead into a stadium's parking areas. Each road has four lanes (two in each direction) with a capacity of 1,000 vehicles/lane/hour. If 10,000 vehicles are expected for a game, how long will it take for all of them to enter the parking areas?
a) 2 hours
b) 1 hour
c) 1 hour and 40 minutes
d) 90 minutes
Solution
There are four lanes.
Capacity of one lane is equal to 1,000 vehicles/lane/hour.
Let us say that each lane will provide access to equal number of vehicles
Thus, each lane will allow 10,000/4 = 2500 vehicles per hour
Time taken by 2500 vehicles on road to reach parking is equal to 2.5 hours.
The nearest answer to this option A i.e two hours
this u have to consider while planing for inter croping farming
Answers
Answer:
Answer to the following question is as follows;
Explanation:
The soil, temperature, and variety are all factors to consider when deciding which crops to combine. It is critical that crops do not compete for space, nutrients, water, or sunshine with one another. Cultivating one crop having deep roots beside another with shallow roots is an illustration of an intercropping technique.
which of the following is typically a part of the organizational approach to safety management? a. Developing and implementing safety policies b. Designing appropriate work settings and equipment C. Applying ergonomic principles d. Providing employee safety training
Answers
Developing and implementing safety policies is typically a part of the organizational approach to safety management, option a.
This involves creating and communicating safety policies and procedures throughout the organization, ensuring compliance with safety regulations and standards, and continuously monitoring and improving safety performance. It includes defining safety standards, rules, and protocols to ensure a safe working environment.
While designing appropriate work settings and equipment, applying ergonomic principles, and providing employee safety training are all important aspects of safety management, they may fall more under the operational or technical approaches to safety management.
Therefore, the correct option is a. Developing and implementing safety policies.
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currently, oscar sells otter food for $6. he is considering decreasing his price from $6 to $5, and wants to determine the impact this price decrease
Answers
The impact of decreasing the price of otter food from $6 to $5 depends on various factors such as market demand, competition, cost structure, and customer behavior.
The impact of decreasing the price of otter food from $6 to $5 can be analyzed from different perspectives. Let's explore the potential effects:
1. Increased demand: Lowering the price of a product often leads to an increase in demand. This is because a lower price makes the product more affordable and attractive to potential buyers. As a result, Oscar may experience an increase in the number of customers purchasing his otter food.
2. Competitive advantage: If other sellers in the market are offering otter food at a higher price, Oscar's price decrease may give him a competitive advantage. Customers may choose to buy from Oscar due to the lower price, allowing him to attract new customers and potentially gain a larger market share.
3. Decreased profit margin: Although lower prices may attract more customers, the decrease in price may also result in a decreased profit margin per unit sold. It is important for Oscar to carefully consider the cost of production and any other expenses associated with selling otter food. If the decrease in price results in a significant decrease in profit, it may not be a sustainable strategy.
4. Increased sales volume: While the profit margin per unit may decrease, the overall sales volume may increase due to the lower price. Oscar may sell a larger quantity of otter food at $5 compared to when it was priced at $6. This could potentially lead to an increase in revenue, even with a lower profit margin.
5. Customer loyalty and perception: Lowering the price of otter food may positively impact customer loyalty and perception. Customers may appreciate the lower price and feel more inclined to continue purchasing from Oscar in the long run. Additionally, the perception of otter food being affordable may attract new customers who were hesitant to buy at the higher price.
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Below are descriptions of internal control problems. Identify the one best internal control principle that is related to the problem described. 1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. 2. Three people handle cash sales from the same cash register drawer. 3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. 4. The person who is authorized to sign checks approves purchase orders for payment. 5. Some cash payments are not recorded because checks are not prenumbered. 6. Cash shortages are not discovered because there are no daily cash counts by supervisors. 7. The treasurer of the company has not taken a vacation for over 20 years.
Answers
Answer:
The internal control principles are:
Establishment of responsibility
Segregation of duties
Physical control devices
Documentation procedures
Independent internal verification
Human resource controls
1. The same person opens incoming mail and posts the accounts receivable subsidiary ledger. ⇒ SEGREGATION OF DUTIES.
There should be a segregation of such duties so that the chances of fraud are reduced.
2. Three people handle cash sales from the same cash register drawer. ⇒ ESTABLISHMENT OF RESPONSIBILITY.
One person should have access to the cash register drawer so as to reduce chances of fraud where one person takes cash and no one knows who. One person having access is an establishment of responsibility for that person.
3. A clothing store is experiencing a high level of inventory shortages because people try on clothing and walk out of the store without paying for the merchandise. ⇒ PHYSICAL AND IT CONTROLS.
Physical and IT controls would prevent such events from happening because the clothes would be identified before they left the store.
4. The person who is authorized to sign checks approves purchase orders for payment. ⇒ SEGREGATION OF DUTIES.
Segregation of duties ensures that this person would not make up frivolous purchase orders and then sign the checks for them.
5. Some cash payments are not recorded because checks are not prenumbered. ⇒ DOCUMENTATION PROCEDURES.
Documentation procedures ensure that records are well kept in the company to avoid such a scenario.
6. Cash shortages are not discovered because there are no daily cash counts by supervisors. ⇒ INDEPENDENT CHECKS OF PERFORMANCE.
There should be an independent check of performance in different departments especially in relation to cash to find out why cash balances are a certain way.
7. The treasurer of the company has not taken a vacation for over 20 years. ⇒ HUMANS RESOURCE CONTROLS.
Human resource controls ensure that best practices are used in human resource to promote efficiency. This scenario will lead to the burnout of the employee which would reduce efficiency in the business.
Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answers
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
To be eligible for federal grants to pay for college, a student must _____.
(PLATO CORRECT ANSWER ONLY)
A. attend either a public university or community college
B. complete one year of college in good standing
C. complete the FAFSA before the deadline
D. be able to pay more than half the tuition
Answers
You deposit $1,500 in a bank where you have a savings account. The bank
pays you an interest of 5% per month. But later, the bank reduces the
interest rate from 5% to 3%, and that reduces your interest earnings from
$75 to $45.
What kind of risk explains the given situation?
Answers
Interest rate risk is the risk that arises for fixed-rate investments from fluctuating interest rates. How much interest rate risk a fixed-rate investment has depends on how sensitive its price is to interest rate changes in the market.
What must marketers understand about their competition? (choose every correct answer.)
Answers
Marketers must understand this about their competition:
Their strengthsTheir weaknessesTheir likely response to marketing activitiesWho are marketers?Marketers are salespeople who are charged with the responsibility of promoting a business and its good or services. Marketers who want to be successful in their business must be able to determine the abilities of their competition and be a step ahead of them.
When they learn about their weaknesses, they could use the knowledge to their advantage. The same is true of their strength.
Question:
What must marketers understand about their competition?
(Select all that apply.)
Their strengths
Their weaknesses
Their likely response to marketing activities
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HELP PLEASE!!!
Which of these are financial goals? Select the two correct answers.
1. Saving for college
2. Going shopping during sale season
3. Buying a new computer
4. Getting a credit card
5. Making a monthly deposit on your savings account
Answers
Financial goals are targeted objectives individuals set to attain specific desired financial outcomes.
Saving for college is a prime example, involving allocating funds for forthcoming educational expenses. Similarly, making recurring deposits into a savings account constitutes a financial goal, fostering savings growth for future needs like emergencies or investments.
In contrast, the other options—such as shopping during sales, purchasing a new computer, and obtaining a credit card—may involve transactions but lack the inherent long-term financial purpose of savings, investment, or fiscal stability that characterizes genuine financial goals.
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Major automobile brands such as ford, toyota, gm, and honda are interested in consumers’ interest in "smart" technology in new automobiles. Gm recently studied consumers’ interest in buying self-driving vehicles. The automobile brands must stay abreast of changing technology as well as consumer trends regarding the use of technology. The automobile company’s collection of this type of information is referred to as _______.
Answers
The automobile company's collection of information on changing technology and consumer trends regarding the use of technology in automobiles is referred to as **market research**.
Market research involves the systematic gathering, recording, and analysis of data and information about customers, competitors, and market trends. In this context, major automobile brands such as Ford, Toyota, GM, and Honda conduct market research to stay abreast of changing technology and understand consumer interest in "smart" technology and self-driving vehicles. By collecting and analyzing this type of information, automobile companies can make informed decisions about product development, marketing strategies, and overall business planning to meet the evolving needs and preferences of their target consumers.
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The most common form of competition is ________blank, in which many firms compete for customers in a given market but with differentiated products.
Answers
When there is monopolistic competition, many sellers supply differentiated goods—goods with minor differences but comparable functions.
What is the Mechanism of Monopolistic Competition?Monopolistic competition occurs when a large number of businesses provide competitive services or products that are similar but fall short of ideal alternatives. Entry barriers are low in monopolistic competitive industries, and a firm's decisions do not have an immediate impact on competitors.
What features fall under the category of monopolistic competition?When several businesses compete for the same customers while offering slightly different goods, this market structure is referred to as monopolistic competition. Low entry and exit barriers are a distinguishing feature that increases competition.
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Evaluate the use of animals in attachment research
Answers
Green (1994) states that, on a biological level at least, all mammals (including rhesus monkeys) have the same brain structure as humans; the only differences relates to size and the number of connections. Harlow's research has profound implications for childcare
100 people play the ultimatum game at your university, and each one suggests how to split $10. if they respond as most people do, most will offer $___ to their partner and keep $___ for themselves.
Answers
If the 100 people playing the ultimatum game at your university respond as most people do, they would likely offer around $4 to their partner and keep around $6 for themselves.
The ultimatum game is an experimental economic game where one player (the proposer) suggests a division of a sum of money, and the other player (the responder) can either accept or reject the proposed division. If the responder accepts, the money is divided according to the proposal. If the responder rejects, neither player receives any money.
In most studies, it has been observed that proposers tend to offer a substantial portion of the money, usually around 40% to 50%, to their partners. Thus, if most people follow this pattern, they would likely offer approximately $4 to their partner and keep around $6 for themselves from the $10 total.
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The aggregate is
A. a type of economic system.
B. the total number of goods demanded or supplied.
C. a form of revenue.
D. the total profit made on sales.
Answers
The aggregate is the total number of goods demanded or supplied. The correct option is B.
An aggregate is a union of particular economic variables or factors that are typically expressed numerically and are used to measure or analyze broad economic trends. Gross Domestic Product (GDP), which represents the total value of goods and services produced within an economy over a given time period, is an example of an aggregate.
By analyzing trends in particular variables over time, aggregates help economists analyze and understand the overall state and performance of an economy. Economists can forecast future economic outcomes and assist policymakers in making choices that can support growth and stability by understanding how aggregates change and interact with one another. The correct option is B.
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If another worker adds 9 units of output to a group of workers who had an average product of 7 units, then the average product of labor:
Answers
If another worker adds 9 units of output to a group of workers who had an average product of 7 units, then the average product of labor will increase. To find the new average product of labor, we need to calculate the total output of the group after the additional worker is included.
Let's assume there were initially n workers in the group. The total output of the group can be calculated by multiplying the average product of labor (7 units) by the number of workers (n): Total output = Average product of labor * Number of workers = 7 * n
After the additional worker is added, the total number of workers becomes (n + 1). The new total output can be calculated by multiplying the new average product of labor by the new number of workers: New total output = New average product of labor * New number of workers= 7 * (n + 1) + 9. We can now find the new average product of labor by dividing the new total output by the new number of workers.
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A clothing company is considering whether a new technology will speed up their ability to fulfill customer orders. Which economic question are they focusing on?
What to produce?
How to produce?
Why to produce?
For whom to produce?
Answers
The economic question that this clothing company is focusing on is B. How to produce?
What are the economic production questions?The five economic questions concerning the production of goods and services for sale in an economic system include:
What to produce?How to produce?Why produce?For whom to produce?How will the system promote the progress of society or accommodate change?These economic questions need to be posed because of the scarcity of economic resources and the need to satisfy the needs of customers with goods and services that add value to society.
Thus, the economic question that this clothing company is focusing on is B. How to produce?
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Answer: How to produce?
Explanation: