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2 years ago

How many workers will XYZ-TV Company hire if the going wage for TV production workers is $60,000

Business

1 answer:

maxonik [38]2 years ago

6 0

Answer:

The firm will decisively hire no workers, considering the value of marginal product for workers.

Explanation:

A firm usually hires after considering the value of the worker or workers (marginal product).

From the table the highest marginal product value of TV production workers is $35,000 far lesser than the wage $60,000.

Implying that employing any worker would only add $35,000 value of product while the firm gives out $60,000, which is a loss to the firm.

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I think it's B. Hope this helps.

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2 years ago

Read 2 more answers

Where can Costco improve? Should it offer more products or advertise more? Why or why not?

Rasek [7]

Answer:

Costco should advertise more.

Explanation:

Costco is following traditional ways to advertise its products. Most of the organizations prefer to spend huge sums of money on advertising its products. Costco should advertise its products and reach out to its customers and potential customers through marketing. It spends no budget on advertising. It only sends targeted emails to its existing customers. This strategy will not enhance its customer portfolio and new customers might not reach out the company.

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2 years ago

When the price of a movie ticket rises from $6 to $8 for senior citizens, Gary (a senior citizen) decides to go to the movies ev

Aleonysh [2.5K]

Answer:

2.33 ; demand for movies is elastic

Explanation:

The computation of the price elasticity of demand is presented below:

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)

where,

Change in quantity demanded is

= Q2 - Q1

= 30 - 15

= 15

And, an average of quantity demanded is

= (30 + 15) ÷ 2

= 22.50

Change in price would be

= P2 - P1

= $8 - $6

= $2

And, the average of price is

= ($8 + $6) ÷ 2

= 7

So, after solving this, the price elasticity of demand is 2.33

Since it is not given by which method we have to calculate it. So, we use the mid point formula.

Based on the above calculation, we concluded that the demand for movies is elastic

7 0

2 years ago

Allocation of Package Purchase Price Tamarack Company purchased a plant from one of its suppliers. The $1,000,000 purchase price

Novay_Z [31]

Answer:

The total purchase price of the plant allocated to the land, building, and machinery is $140,840, $509,707 and $355,453 respectively

Explanation:

The computation is shown below:

For land

= Total purchase price × appraisal value of land ÷ total appraisal value

= $1,006,000 × $126,000 ÷ $900,000

= $140,840

For building

= Total purchase price × appraisal value of building ÷ total appraisal value

= $1,006,000 × $456,000 ÷ $900,000

= $509,707

For machinery

= Total purchase price × appraisal value of land ÷ total appraisal value

= $1,006,000 × $318,000 ÷ $900,000

= $355,453

where, the total purchase price is

= $1,000,000 + $6,000

= $1,006,000

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2 years ago

What will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the input used in the production p

Whitepunk [10]

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2 years ago