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Anit [1.1K]
2 years ago
13

Suppose the marginal benefit the owner of a cherry orchard derives from hiring Lauren to pick cherries is $8 per hour. If the wa

ge rate that Lauren earns is $7 per hour, then the orchard owner's surplus from Lauren's labor is ________ per hour.
Business
1 answer:
Sever21 [200]2 years ago
7 0

Answer:

$1 per hour

Explanation:

Data provided in the question

Lauren pick cherries per hour for $8 per hour

And, the wage rate that Lauren earns is $7 per hour

So, the surplus made from Lauren's labor per hour is

= Lauren pick cherries per hour - Wage rate that Lauren earns

= $8 per hour - $7 per hour

= $1 per hour

Simply we deduct the wage rate from the cherries per hour so that the surplus per hour could come

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Which of the following sentences is most appropriate for written communication at work or with a customer?
Lisa [10]

Answer

<em>"I cannot tell you how pleased I will be to hear from you, at any time that you choose to contact me, if you would like to spend any amount of time at our office or at your workplace viewing a thrilling demonstration of our spectacular new product. Please contact me when you're ready for a demonstration of our new product"</em>

<em />

Explanation:

This would be the correct sentence. The other examples such as "Dude," LOL," or ":)" are more appropriate for a friendly conversation, rather than a work environment.

3 0
2 years ago
How can injections affect an economy? Check all that apply.
yaroslaw [1]

Answer:2,3,4,5

is the answer, just took the assignment

Explanation:

5 0
2 years ago
On December 31, 2019, Wintergreen, Inc., issued $150,000 of 7 percent, 10-year bonds at a price of 93.25. Wintergreen received $
Elina [12.6K]

Answer:

June 30, 2020   Bond Interest expense      Debit        $5,756.25

                                     Discount on Bonds payable    Credit      $506.25

                                     Cash                                          Credit      $5,250

Explanation:

We have to calculate the interest expense. The bond interest expense = Cash payment + bond amortization discount

Given,

Bond price = $150,000

Interest = 7%

Number of period, n = 10 years × 2 (As it is a semiannual bond) = 20

Cash payment for semiannual interest = $150,000 × 0.07 × (1÷2)

Cash payment for semiannual interest = $5,250 (Credit)

Amortized bond discount (discount on bonds payable) = $10,125 ÷ 20 (as it is a semiannual payment and $10,125 is for 10 years)

Discount on bonds payable = $506.25 (Credit)

Therefore, bond interest expense = $5,250 + $506.25 = $5,756.25 (Debit)

6 0
1 year ago
Imagine that Eveready has developed solar rechargeable batteries that cost only slightly more to produce than the rechargeable b
Law Incorporation [45]

Answer: Moderately slow introduction, followed by modest growth, gradually leveling off

Explanation:

The product life cycle is the time a product takes from the introduction stage to the decline stage when it's off the market.

Based on the above scenario, the product life cycle of this product will be moderately slow introduction, followed by modest growth, gradually leveling.

This is because since it's a new product, there will be a slow introduction as people will just be getting used to the product, then as customers begin to buy the product and it's brand becomes known, there'll be a modest growth before it levels off.

8 0
2 years ago
The following information is available for the Maribel Company for the month of June: The unadjusted balance of the company's Ca
Alex787 [66]

Answer:

The adjusted bank and book balance is shown below:-

Explanation:

The computation of the adjusted bank and book balance is given below:-

                                  Bank statement balance     Book balance

Opening balance        $26,960                             $26,620

Add:        Transit Deposit $3,000            Earned Interest $150

Less:        Outstanding check 4000         Error on check $810

                                                                            ($4,900 - $4,090)

Adjusted Balance    $25,960                                  $25,960

5 0
2 years ago
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