If all these workers have the same level of skill, why does worker 3 have a LARGER marginal product than worker 2

Answers

Answer 1

Answer:

According to the law of diminishing marginal returns, labor productivity will first increase as the total number of workers increase (due to synergy), but at some point, as more units of labor (or other factor) are used, their productivity will start to decrease and each unit added will yield a lower marginal return.

When you look at how teams work, when the first members start to work together, the outcome will be higher than if they worked individually. But if the team keeps growing, and the other factors of production remain the same, e.g. the number of computers remains at 3 but there are 4 team members, then the total output might increase but at a lower proportion (productivity decreased).


Related Questions

The ending Retained Earnings balance of Lambert Inc. increased by $1.8 million from the beginning of the year. The company's net income earned during the year is $5.4 million. What is the amount of dividends Lambert Inc. declared and paid?

Answers

Answer:

$4.4 million

Explanation:

The ending retained earnings of Lambert incorporation increases by $1.8 million

The net income earned during the year is $5.4 million

Therefore the amount of dividend declared and paid by Lambert incorporation can be calculated as follows

= $5.4 million - $1.8 million

= $4.4 million

If a central bank uses the tools of monetary policy to reduce the demand for goods and services, the likely result is inflation and unemployment in the short run.
a higher, higher
b. lower, higher
c. lower, lower
d. higher, lower​

Answers

Answer:

b. lower, higher

Explanation:

When the demand of the goods and services is decreased so the central bank required to extract the excess money supply. This results in rise in the aggregate demand and high prices.

Now for reducing the money supply, the central bank used the contractionary monetary policy due to which the rate of interest would more. If there is more interest rate so there would be less investment and more saving that lesser the level of consumption.

So, it would reduce the excess money, if it is decreased so the demand would also decline due to which the price also fall this results in lesser inflation. As if there is a decline in the aggregate demand, so many factories would decreased their supply even some shut down because of the high unemployment

hence, the correct option is b.

ima start selling many things on ebay,so I'm setting up a PayPal account, what's the df between these 2 tho? which one should I choose? ​

Answers

I think the business account lets you have multiple users and also let’s you manage money for a business while personal is just for you and your own finances. In your case I would make it a business account.

Disagreement about an employee’s performance as perceived by different sources is ____________ a problem.

Answers

Answer:

AY YO

Explanation:

A positive oil shock: Suppose scientists discover a new way to extract oil from deposits that were previously thought to be unrecoverable. The extra supply of oil leads oil prices to decline. Explain the effect on wages, the employment-population ratio, and unemployment– all for the overall economy.

Answers

Answer:

The impact of decline in oil prices to the overall economy with regard to wages, employment and unemployment is given below.

Explanation:

Oil is used by many firms, some of which use it for production in which case the oil is an input in their related costs while others use it indirectly such as in running of transportation.

When the oil prices decreases it will result in rise in demand for oil by these firms, as they can utilise oil for further production (for direct use) or purchasing & running transportation to be use in their business. This will result in more work and the demand for labour will increase which will cause the wage rate to increase, employment-population ratio to increase and the unemployment to decrease.

The wages would rise, employment ratio would rise and the unemployment in the economy would fall.

A positive supply shock would cause the prices of the oil to decline. This fall in prices is an indirect effect of this discovery. A more direct effect would be a fall that would occur in the cost of production.

Then the fall in oil prices would lead to a rise in the real income of the economy. Also causing a rise in aggregate demand.

This would then lead to a rightward shift of the demand curve. Therefore the wages would rise, employment ratio would rise and the unemployment in the economy would fall.

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Mr. Coffey bought a house for $195,000. He made a 20% percent down payment. The internet rate is 5.25% for 30 years. How much does he need to borrow and what is his monthly payment

Answers

Answer:

$39,000

20% OF THE COST OF HOUSE OUT HERE

= 20% OF $195,000

= 0.2 * 195,000

=$39,000

--------

Good luck!

Marigold Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated annual overhead cost for each activity is $157,500, $404,800, and $93,600, respectively. The cost driver for each activity and the estimated annual usage are number of setups 2,100, machine hours 25,300, and number of inspections 1,800.

Required:
Compute the overhead rate for each activity.

Answers

Answer and Explanation:

The computation of the overhead rate for each type of activity is as follows:

Overhead rate is

= Activity activity ÷ Level of activity driver

For machine setup, the Overhead rate is

= $157,500 ÷ 2,100 setup

= $75 per set-up

For machining, the overhead rate is

= $404,800 ÷ 25,300

= $16 per machine hour

For inspection, the overhead rate is

= $93,600 ÷ 1,800

= $52 per inspection

What is one good way to find out how well prospects will do a job?

Answers

Answer:

do an interview

Explanation:

.........

Prospects fit your target market, have the means to buy your product or services, and are authorized to make buying decisions.

What are the predictions for the Economy if Trump wins the presidential election?

Answers

Explanation:

65 per cent of investors think that his re-election would be the best outcome for financial markets.

“Usually when a president wins re-election, it means the economy is going pretty strong, so stocks tend to do well. The flip side is that new leadership in Washington can bring with it potential change that could rock the boat and hold stocks back.”

Brownie Bakery eaned net sales revenue of $68,000,000 in 2018. Cost of goods sold was $42,840,000, and net income reached $10,000,000, the company's highest ever. Compute the company's gross profit percentage for 2018.

Answers

Answer:

37%

Explanation:

We would calculate the gross profit for the above company as;

Gross profit = Revenue - Cost of goods sold

Given that;

Revenue = $68,000,000

Cost of goods sold = 42,840,000

Gross profit?

Therefore,

Gross profit = $68,000,000 - $42,840,000 = $25,160,000

Gross profit percentage will now be computed as;

Gross profit percentage = Gross profit ÷ Revenue

= $25,160,000 ÷ $68,000,000

= 37%

The company's gross profit percentage for 2018 is 37%.

Countess Corp. is expected to pay an annual dividend of $4.45 on its common stock in one year. The current stock price is $72.55 per share. The company announced that it will increase its dividend by 3.60 percent annually. What is the company's cost of equity

Answers

Answer:

9.73%

Explanation:

The cost of equity formula is stated thus:

cost of equity=D1/P0+g

D1=future expected dividend payment=$4.45

P0=current stock price=$72.55

g=dividend constant growth rate=3.60%

cost of equity=($4.45/$72.55)+3.60%

cost of equity=6.13% +3.60%

cost of equity=9.73%

While Sally is still a minor, she wrecks the car she purchased from Bally. Can she still disaffirm the contract? Must she return Bally to?

Answers

Answer:

If Sally is still a minor, she can disaffirm the contract and return the car to Bally. Contracts involving minors are not legally binding unless the minor reaffirms them once he/she is an adult or a parent also signs the contract.

In this case, Sally's contract is voidable by her and if she chooses to, she is able to void it. What happens after she returns the car depends on the state. Some state laws force Bally to return the money even if the car is wrecked. Other states have laws that require minors to return goods in good shape, and in this case, would allow Bally to deduct any repair expenses from the money he needs to return to Sally.

On October 1, 2020, Waterway Inc. assigns $1,900,000 of its accounts receivable to Ottawa National Bank as collateral for a $1,114,000 note. The bank assesses a finance charge of 2% of the receivables assigned and interest on the note of 6%. Prepare the October 1 journal entries for both Waterway and Ottawa

Answers

Answer:

Journal Entries

Waterway Inc.

October 1

Dr. Cash                       $1,076,000

Dr. Interest Expense   $38,000

Cr. Note payable         $1,114,000

Ottawa National Bank

October 1

Dr. Note Receivable   $1,114,000                    

Cr. Interest revenue   $38,000

Cr. Cash                      $1,076,000

Explanation:

Interest = $1,900,000 x 2% = $38,000

At the time of assigning the account receivable the finance charges is applicable the interest on the loan note will be recorded when it accrues. Interest expense as finance charges will be added to calculate the Note payable value for Waterway Inc. and Note receivable value for Ottawa National Bank.

A company borrowed $15,000 by signing a 120-day promissory note at 10%. The total interest due on the maturity date is: (Use 360 days a year.)

Answers

Answer: $500

Explanation:

Interest for the period = Amount borrowed * Interest rate * 120/360 days

= 15,000 * 10% * 120/360

= $500

During the year, Hamlet Inc. paid $22,000 to have bond certificates printed and engraved, paid $170,000 in legal fees, paid $9,000 to a CPA for registration information, and paid $280,000 to an underwriter as a commission. What is the amount of bond issue costs

Answers

Answer:

$481,000

Explanation:

Bond issue costs are either direct or indirect costs:

direct costs include underwriting fees, listing fees, professional fees, compliance costs and other costs related to the IPO or APO (secondary issues), e.g printing costsindirect costs include underpricing costs (IPO pricing is too low) and loss of proprietary information

Total bond issue costs = $22,000 + $170,000 + $9,000 + $280,000 = $481,000

Can someone explain marginal revenue, marginal cost, and profit for each quantity level to me? I don't understand anything... And then how to make a data table for it?

20 pts and brainliest if it makes sense

Answers

Meanings:
Marginal Revenue:
The revenue gained by producing one additional unit of a good or service.
Marginal Cost:
Marginal cost of production includes all of the cost that vary with that level of production.

I Hope this helps!! :)

Durango Water Works has an outstanding issue of preferred stock that has a par (maturity value) of $75.00. The stock, which pays a quarterly dividend of $1.10, will be retired by the firm in 20 years. If the preferred stock is currently selling for $68.00, what is the preferred stock’s yield-to-maturity? (Round off to the nearest 0.01%) 5.64% 7.73% 6.72% 4.28%

Answers

Answer:

6.64%

Explanation:

yield to maturity (YTM) = {preferred dividend + [(faced value - market value)/n]} / [(face value + market value)/2]

preferred dividend = $1.10n = 20 x 4 = 80 quartersface value = $75market value = $68

yield to maturity (YTM) = {$1.10 + [($75 - $68)/80]} / [($75 + $68)/2]

yield to maturity (YTM) = $1.1875 / $71.50 = 0.0166 quarterly yield x 4 = 0.0664 = 6.64% annual yield

Felicia is looking for a new job in the insurance industry. She used to work for the controller of a retail company. What items should she add to her resume to explain her work for the controller? Select the 2 that apply.

Answers

Answer: preparing financial statements

& prepare papers for external auditor

Explanation:

Since Felicia worked for a retail company, there are definitely two things she would have being doing for the retail company that would be similar in the rod she wants to apply for at the insurance industry, they are;

-preparing financial statements;

-prepare papers for external auditor

these are a roles she would have definitely played at one point or the other for the retail store and are vital when working for the insurance industry

How much would a homeowner receive with actualâ cash-value coverage and replacement cost coverage for aâ three-year old sofa destroyed by aâ fire? The sofa would cost $1,200 to replaceâ today, whereas it cost $942 three yearsâ ago, and it has an estimated life of six years.
With actualâ cash-value coverage, the amount the owner would receive for the sofa would be ?

Answers

Answer:

$729

Explanation:

We can calculate the actual cost value by first multiplying the purchase value by the depreciation rate and after that deducting that amount from the replacement cost.

DATA

Replacement value = $1,200

Purchase value = $942

Depreciation rate  = 3 years/6 years = 0.5

Solution

Acutal cost value = Replacement value - ( Purchase value x Depreciation rate)

Acutal cost value = $1200 - ($942 x 0.5)

Acutal cost value = $729

Explain the distinction between current and long-term assets pertaining to IBM computers and the investments in equity securities.

Answers

Answer: Current assets generate revenues instantly while long term assets builds over time

Explanation:

Current assets could be defined as those assets that are expected to generate cash within a short time. They are used to fund the daily or routine operations of the business, examples are cash, inventory, marketable securities, etc

Long term assets are assets that provide economic benefit to the organization for a long period of time, they are not expected to generate revenue instantly like the current assests, they might begin generating revenue after a year or two, examples are plants, equipments, trademark.

In comparison to IBM computers and their investment in equity, it's discovered that some of their investment are over time while some generate income for them immediately

The cost of speeding relates crashed in 2008 accounted for per second

Answers

Answer:

Thanks for the fact

Explanation:

Can I have brainliest pls?

Problem found with in the agriculture sectors and the solution

Answers

Answer:

There are many problems in agriculture sector some of them are as follows:

Explanation:

1: Not gaining appropriate output after harvesting .

2: Lack of influence .

3: Limitations of new technologies .

As there are problems there are also definitely it's solutions .Some of them are as follows:

1: Providinng loan for farmers in low interest.

2: influencing farmers for agriculture .

3: Providing them new technologies in low cost .

________ relates to the distribution of resources across society.

a. Efficiency
b. Social surplus
c. Utility
d. Equity

Answers

Answer:

d. Equity

Explanation:

Equity involves the implementation of the appropriate act to achieve fairness. This makes it possible to ensue that the right of an individual is not jeopardized. Thus, equity treat everyone with all fairness and ensure compensation where necessary.

Since the resources are distributed across the society, then this relates to equity. Equity means equality.

Your real estate agent mentions that homes in your price range require a payment of $1,200 per month for 30 years at 0.75% interest per month. What is the size of the mortgage with these terms?

Answers

Answer:

the size of the mortgage with these terms is $149,138.24

Explanation:

The computation of the size of the mortgage is shown below:

Present value of annuity is

=  Monthly payment × {[1 - (1 + rate of interest)^-number of months] ÷ rate of interest}

= $1,200 × {[1 - (1 + 0.0075)^-360] ÷ 0.0075}    

= $1,200 × 124.2819      

= $149,138.24

The 360 is come from

= 30 years × 12 months

= 360 months

hence, the size of the mortgage with these terms is $149,138.24

There are vast differences in local market needs in the consumer soft drink business around the world. TwinFold Media, a Canadian multinational advertising agency, specializes in the soft drink industry and uses a geocentric staffing approach. What advantage would the company gain by using this approach?

a. It allows all key management positions of a firm and its subsidiaries to be filled by parent country nationals.
b. It requires minimal documentation for hiring foreign nationals.
c. it tends to reduce cultural myopia and enhance local responsiveness.
d. It reduces the costs of value creation.

Answers

Answer: c. it tends to reduce cultural myopia and enhance local responsiveness.

Explanation:

A Geocentric staffing approach means that a company picks those that it views as the most suitable for a job regardless of the country they are from. This means that although the company is in Canada, they can hire a person from Sudan if they feel the person is suitable for the job in question.

The main advantage of this is that it reduces cultural myopia which is the tendency to belief that a person's culture i.e western culture, works across the globe. For instance, going back to the earlier example, a person from Sudan would most likely know more about norms in Sudan than a person from Canada.

This would ensure that the people hired, can respond effectively due to this reduction in cultural myopia.

When the market is more optimistic about a firm, its share price will ______; as a result, it will need to issue _______ shares to raise funds that are needed. a) rise; fewer b) fall; fewer c) rise; more d) fall; more

Answers

Answer:

a) rise; fewer

Explanation:

In the case when the market is more optimistic so the price of the share would be increased that results in the issuance of the few shares to raise the funds that are required keeping all other constant.

Therefore in the given situation, the option a is correct

Hence, the same is to be considered

Thus, all the other options are incorrect

Marion, the new supervisor, has requested the management to install survaillance cameras and voice recorders to monitor the productive hours of the employees and supervise their work closely. This shows that marion has a:______

Answers

Answer:

Explanation:

Marion, the new supervisor, has requested the management to install survaillance cameras and voice recorders to monitor the productive hours of the employees and supervise their work closely. This shows that marion has a managerial skills

An automobile insurance policy typically includes: a. collision, comprehensive, liability, and personal injury protection b. collision, high-risk pools, indemnity, and personal injury protection c. collision, comprehensive, indemnity, and personal injury protection d. collision, high-risk pools, liability, and personal injury protection

Answers

Answer:

b. collision, comprehensive, liability, personal injury protection

Explanation:

automobile insurance policy can be regarded as a contact that exist between someone and the insurance company, which provide protection from financial loss Incas there is arises of theft, accident on ones car. It should be noted that An automobile insurance policy typically includes collision, comprehensive, liability, personal injury protection

The planning/control cycle has two planning steps. They are Select one: a. (1) make the plan, then (2) carry out the plan. b. (1) research planning, then (2) look for ways to cut costs. c. (1) make the plan, then (2) set it aside for a period of time. d. (1) research planning, then (2) receive feedback. e. (1) review previous plans, then (2) evaluate plans.

Answers

Answer:

a. (1) make the plan, then (2) carry out the plan.

Explanation:

The cycle of the planning/ control comprises of following steps

1. Make the plan

2. After that carry out the plan

3. Now the control is there by comparing

4. And finally, the control could be taken by taking corrective actions

According to the given situation,  the correct option is a

And, the rest of the options are wrong

Suppose you sell nine September 2023 palladium futures contracts on this day, at the last price of the day which is $1690 per ounce. Each contract is for 100 ounces. What will your cumulative mark to market be if palladium prices are $1770 per ounce at expiration

Answers

Answer:

the cumulative mark to market is -$72,000

Explanation:

The computation of the cumulative mark to market is shown below:

Mark to market is

= (selling price - ending price) × ounces per contract × number of contracts

= ($1,690 per ounces - $1,770 per ounces) × 100 punces × 9

= -$72,000

hence, the cumulative mark to market is -$72,000

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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