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jasenka [17]
1 year ago
10

Two workers have the job of placing plastic labels on packages before the packages are shipped out. The first worker can place 1

000 labels in 30 minutes. The second worker can place 850 labels in 20 minutes. Which worker is more productive?
Business
1 answer:
monitta1 year ago
3 0

Answer:

The correct answer is: The second worker.

Explanation:

Productivity is an economic term describing the relationship between outputs as compared to inputs needed to produce those outputs. It is a measure of efficiency. Typically inputs are raw materials, labor, and capital assets. Outputs are generally expressed as either revenue or total units of finished goods.

In the example, a form to measure each worker's productivity is comparing how many plastic labels they can place per hour. Thus:

  • Worker 1: <em>1000 per 1/2 hour (30 minutes) </em>
  • Worker 1: <em>2000 per 1 hour  </em>

  • Worker 2: <em>850 per 1/3 hour (20 minutes)</em>
  • Worker 2: <em>2550 per 1 hour </em>

Then, the second worker is more productive.

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For many years, Senator Juliana Higdon has called for more government regulation of business. "After all," the senator said rece
4vir4ik [10]

<u>Answer: </u>

From these comments, it is clear that Senator Higdon does not accept the "invisible hand" idea brought forth by Adam Smith.

<u>Explanation: </u>

  • Senator Jimmy Higdon is himself a businessman by profession and bears immense knowledge of the market and its functioning.
  • The ideology that Senator Higdon seems to believe in is that of apparent factors that run the business and cause it to earn profit which eventually culminates in the fulfillment of other activities associated with the business.
7 0
2 years ago
The Wester Corporation produces three products with the following costs and selling prices:
vitfil [10]

Answer:

Product A, then Product C and finally Product B

Explanation:

The unit profit  = Selling price per unit - Variable cost per unit - Fixed cost per unit

Unit Profit of product A = $21 - $11 - $5 = $5

Unit Profit of product B = $12 - $7 - $3 = $2

Unit Profit of product C = $32 - $18 - $9 = $5

The profit of each product in 1 machine hour = 1 hour/ Machine hours per unit * Unit Profit

Profit of Product A in 1 hour using machine = 1/0.2 * $5 = $25

Profit of Product B in 1 hour using machine = 1/0.5*$2 = $4

Profit of Product C in 1 hour using machine = 1/0.2* $5 = $25

Product A & Product C have same profit in 1 hour machine, then we have to consider Direct labor hours per unit which product A is 0.4 while product C is 0.7. It means Product C is more costly in direct labour than Product A.

In short, then the ranking of the products from the most profitable to the least profitable use of the constrained resource is Product A, then Product C and finally Product B

8 0
2 years ago
Read 2 more answers
Brand 123 has customers in many countries purchasing its bicycles, but its managers are unsure if the brand is truly a "global b
Inga [223]

Answer: d. 30%

Explanation:

Global brands are companies that have achieved international success such that they are recognised in many other countries apart from their own and have many customers in other countries as well.

However, simply being known abroad does not classify a company as a global brand. The company must be generating sufficient revenue from their operations outside as a proportion of their total revenue their home country with sufficient meaning at least 30% of their revenue.

6 0
1 year ago
Various financial data for SunPath Manufacturing for 2019 and 2020 follow. 2019 2020 Output: Sales $ 300,000 $ 330,000 Inputs: L
erik [133]

Answer:

22.20%

Explanation:

Energy Productivity Ratio 2019 = 300,000 / 10,000 = 30

Energy Productivity Ratio 2020 = 330,000 / 9,000 = 36.66

The percentage change = (36.66-30)/30 * 100

The percentage change = 0.222 * 100

The percentage change = 22.20%

So, the percentage change in the energy partial productivity measure for SunPath between 2019 and 2020 is 22.20%

3 0
2 years ago
Three years ago, law school admits deciding whether or not to attend the schools they were admitted to typically underestimated
V125BC [204]

Answer:

Limited Supply of lawyers will lead to increase in Lawyer Wages / Salaries

Explanation:

Labour Markets are at equilibrium where : Labour Demand (by firms) = Labour Supply (by employees).

Analysing the labour market for Lawyers : Previous anticipations finally leading to small graduating classes & limited supply of lawyers. This limited supply creates excess demand of lawyers. The mismatched excess demand (by firms) creates competition among buyer firms, which leads to increase in price (wages or salaries) of lawyers.

4 0
2 years ago
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