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FromTheMoon [43]
2 years ago
6

Assume the total product of two workers is 100 and the total product of three workers is 120. The average product of three worke

rs is ________, and the marginal product of the third worker is ________.
Business
1 answer:
Ierofanga [76]2 years ago
5 0

Answer:

The average product of three workers is <u>   40   </u>, and the marginal product of the third worker is  <u>   20    </u>.

Explanation:

The average product of labor is the total product divided by the total quantity of labor, this is calculated below:

Total product = 120

Total quantity of labor = 3

∴ average product = 120 ÷ 3 = 40

The marginal product is defined as the output that results from employing an additional labor unit. In this case, when the labor unit was 2, the total product was 100, when a third labor was employed, the total product increased to 120, hence the contribution of the third labor = 120 - 100 = 20. Hence, the marginal product is 20.

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yaroslaw [1]

Answer:2,3,4,5

is the answer, just took the assignment

Explanation:

5 0
2 years ago
"Swiss Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of
Fudgin [204]

Answer:

Receivable days are 52 days.

Explanation:

Receivable days can be found from the following formula:

Receivables days = Receivables / Credit Sales * 365

The credit sales here is $6,650,000 during the year and the average receivables days is $950,000 [(950,000 + 980,000)/2] during the year. By putting the values we have:

Receivables days = $950,000 / $6,650,000  * 365 = 52 days

So the average receivable collection days were 52 days during the year.

6 0
2 years ago
What document provided by the seller describes the condition of the property?
prisoha [69]

The document that is being used by a seller in which the contents and description of the property is placed for the buyer to see is in the transfer disclosure statement. The transfer disclosure statement will provide the description of the property and if there are any damages in the property of additional fixtures or cost made. It could provide contents such as things having to be furnished or not.

8 0
2 years ago
Tamara is a Managerial Accountant at Everything New. Everything New manufactures furniture. Tamara purchased leather to be used
Murrr4er [49]

Answer:

B. Raw Materials

Explanation:

Raw materials are the basic components of manufacturing and production process in a goods manufacturing entity.  Raw Materials  are used in the production of a finished products (such as Crude Oil is a raw material for Petrol, Milk is a raw material for Yogurt, Yarn is a raw material for Garment whereas  Petrol, Yogurt and Garment are the finished products).

Keeping in view the above discussion, the leather purchased by the Tamara, to be used on some of the furniture to be manufactured by the Everything New, shall be classified as Raw Materials.

Answer is B. Raw Materials

4 0
1 year ago
A firm is using cumulative voting and four director spots are up for election. There are 3.6 million shares outstanding. How man
VladimirAG [237]

Answer:

A minority owner own or control to ensure that he or she can gain control of one seat on the board of directors must have <u>720001 shares.</u>

Explanation:

Number of shares he must own = Total number of shares/(Number of directors + 1)

= 3.6 million/(4+1) + 1

= 720001

4 0
1 year ago
Read 2 more answers
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