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Margarita [4]
2 years ago
9

Lionel's Lawn Care is a company that maintains residential yards. Lionel's cost for his standard package of mowing, edging, and

trimming is $15, and he charges $25 for this service. For a total price of $40, Lionel will also trim shrubs, a service that adds an additional$10 to the total cost of the standard package. What is Lionel's marginal benefit if he sells thestandard package?A) $10B) $15C) $25D) $40
Business
1 answer:
Rudiy272 years ago
5 0

Answer:

Option "B" is the correct answer to the following statement.

$15

Explanation:

Marginal revenue is the extra revenue produced from increasing sales of a single unit of the commodity. Marginal benefit is the income received by a business or entity when the creation and distribution of one extra or marginal product.

Marginal Benefit = New revenue - Old revenue

                            = ($40) - ($25)

                            =$15

So,the Marginal Benefit for Lionel's Lawn Care is $15 .

You might be interested in
Pluton makes particular plastics for sale to the public and the government. Basic cost data for a 100-pound drum of one particul
shepuryov [24]

Answer:

Option (D) is correct.

Explanation:

Variable overhead per pound:

= variable overheads ÷ pounds of products to be produced

= 1,200,000 ÷ 1,000,000

= 1.2

Direct labor hours = 20 workers × 175 hours

                              = 3,500

Direct labor cost = Direct labor hours × 24

                            = 3,500 × 24

                            = 84,000

Machine hours = 21,000

Fixed overhead = $3,500,000 per month

Labor related (40%) = 1,400,000 ÷ 3,500 hours

                                 = 400

Machine related (60%) = 2,100,000 ÷ 21,000 hours

                                      = 100

Total cost of conversion:

= Direct labor cost + Variable overheads + Fixed overheads

= Direct labor cost + Variable overheads + (Labor related + Machine related)

= 10 min(24 ÷ 60 min) + (100 × 1.2) + [(400 ÷ 60)× 10 + (100 ÷ 60)× 75]

= 4 + 120 + 66.66666667 + 125

= 315.66666667

8 0
2 years ago
Jason is working at Sushow Motors. The position, as originally described, involved conducting research with customers. Instead,
alexandr402 [8]

Answer: Withdrawal Cognition.

Explanation:

Jason is experiencing withdrawal cognition as he feels like quiting his current job because he is unhappy at the work place. Withdrawal cognition occurs when an employee of a company seeks to resign and leave a job because they don't derive satisfaction from that job. As in the case of Jason in the question, the job role he expected is much different from what he was assigned to carry out.

5 0
2 years ago
Suppose the daily change in price of a stock is normally distributed with mean = .20 and standard deviation = .30. What price ch
uranmaximum [27]

Answer:

a=0.2 -0.674*0.3=-0.00235

So the value that separates the bottom 25% of data from the top 75% is -0.00235.  

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

Let X the random variable that represent the variable of interest of a population, and for this case we know the distribution for X is given by:

X \sim N(0.2,0.3)  

Where \mu=0.2 and \sigma=0.3

For this part we want to find a value a, such that we satisfy this condition:

P(X>a)=0.75   (a)

P(X   (b)

Both conditions are equivalent on this case. We can use the z score again in order to find the value a.  

As we can see on the figure attached the z value that satisfy the condition with 0.25 of the area on the left and 0.75 of the area on the right it's z=-0.674. On this case P(Z<-0.674)=0.25 and P(z>-0.674)=0.75

If we use condition (b) from previous we have this:

P(X  

P(z

But we know which value of z satisfy the previous equation so then we can do this:

z=-0.674

And if we solve for a we got

a=0.2 -0.674*0.3=-0.00235

So the value that separates the bottom 25% of data from the top 75% is -0.00235.  

4 0
2 years ago
On January 1, 2020, a company buys a piece of equipment costing $666,633 with a 14% installment note. The note will be paid off
adoni [48]

Answer:

Installment Note Schedule:

Period      Beginning Balance    Interest       Principal     Ending Balance

1. Year #1 $666,633.00 $46,664.31 $93,192.49 $573,440.51

2. Year #1 $573,440.51 $40,140.84 $99,715.97 $473,724.54

3. Year #2 $473,724.54 $33,160.72 $106,696.09 $367,028.45

4. Year #2 $367,028.45 $25,691.99 $114,164.81 $252,863.64

5. Year #3 $252,863.64 $17,700.45 $122,156.35 $130,707.29

6. Year #3 $130,707.29 $9,149.51 $130,707.29 $0.00

Explanation:

a) Data and Calculations:

Cost of equipment = $666,633

Rate of interest = 14%

Payment terms = semiannual payments over three years

Payment for each period = $139,857

Loan Amount  $666,633

Loan Term  3  years  0  months

Interest Rate  14

Compound  Semi-annually

Pay Back  Every 6 Months

Results:

Payment Every 6 Months = $139,856.80 = $139,857 approx.

Total of 6 Payments = $839,140.82

Total Interest = $172,507.82

4 0
2 years ago
Owen inc. has a current stock price of $15.00 and is expected to pay a $0.80 dividend in one year. if owen's equity cost of capi
Ber [7]

As it is known that future cash flows are risky in nature so it is not possible to discount them at risk free rate. So investor must discount the future cash flows based on the equity cost of capital. It is the expected return of the other investments available in the market with same kind of risk to the firm’s share.

Price of the stock can be found by using the cost of equity equation which is as follows:

Po = Div_1 + P_1 / 1 + r_E

$15 = 0.8 + X / 1.12

X = $16

So the expected selling price of the stock is $16.00

4 0
2 years ago
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