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DanielleElmas [232]
2 years ago
14

Explain why marginal product first rises, then declines, and ultimately becomes negative. What bearing does the law of diminishi

ng returns have on short-run costs? Be specific. "When marginal product is rising, marginal cost is falling. And when marginal product is diminishing, marginal cost is rising." Explain.
Business
1 answer:
motikmotik2 years ago
4 0

Answer:

Marginal product changes as more workers are added.

Explanation:

Marginal product first rises because the fixed capital gets utilized more as more workers are added. Each additional labor contributes more to output than the past laborer. As still more work is included, the theory of law of diminishing hold. Work turns out to be abundant compared to fixed affect and Marginal product falls. Likewise, total output declines, if more labor is added.

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You are a finance intern at Chambers and Sons and they have asked you to help estimate the company's cost of common equity. You
Nesterboy [21]

Answer:

Cost of equity, re= 0.098356 or 9.84 %

Explanation:

D1 = $ 1.25

P0 = $ 27.50

gL = 5 % = 0.05

F = 6 % = 0.06

Cost of equity, re can be calculated using the formular below:

Cost of equity, re = D1/ {P0 x (1- F)} + gL

                             = $ 1.25 / {$ 27.50 x (1- 0.06)} + 0.05

                             = $ 1.25 / ($ 27.50 x 0.94) + 0.05

                             = $ 1.25 / 25.85 + 0.05

                           = 0.048356 + 0.05

Cost of equity, re= 0.098356 or 9.84 %

8 0
2 years ago
A stadium was fined $186,000 by the city due to the traffic issues that were caused by a stadium's inability to handle traffic f
In-s [12.5K]

Answer:

$83000

Explanation:

Given: Stadium is fined for $186000

           Other parking expense is $163000

           Revenue generated by stadium in parking= $432000.

Now, calculating profit:

Profit= Revenue - expense

Profit= 432000-186000-163000= 432000-349000

∴ Profit= $83000

∴ Total profit made for parking that day is $83000.

3 0
2 years ago
Read 2 more answers
Kaylor Equipment Rental paid $75 in dividends and $511 in interest expense. The addition to retained earnings is $418 and net ne
VladimirAG [237]

Answer:

$1,269.46

Explanation:

Earnings Before Interest and Tax (EBIT) refers to the net income which is a difference between the revenue of an organisation and the expenses that were incurred in order to generate that revenue. The calculation of the EBIT is usually for a particular year and it is usually found in the Income Statement part of an organisation's financial statement.

To calculate the EBIT therefore, the Tax as well as interest must be added back to the Net Income after tax (usually added to retained earnings)

Therefore, Net Income = Dividends paid + Net Income (added to retained earnings)

= $75 + $418 = $493 - This represents a partial net income

The next step is to calculate the taxable income as follows:

The net income is $493, and the Tax rate is 35%

Taxable Income = $493/ (1-0.35) = $758.46

Earnings before interest and tax therefore =

Interest paid + Taxable Income

= $511 + $758.46 = $1,269.46

7 0
2 years ago
If a company employs two office assistants for every nine architects (a staffing ratio of 2:9) and it plans to expand and hire e
Art [367]

Answer:

4

Explanation:

Given:

A company employs two office assistants for every nine architects and

ratio is given = 2:9

Question asked:

How many new office assistants will it need to hire as it plans to hire eighteen new architects = ?

Solution:

Let ratio of new office assistants = x

Ratio of two office assistants for every nine architects = 2:9

By using formula of ratio and proportion:

Ratio of two office assistants for every nine architects : :  ratio of new office assistants for eighteen new architects,

2 : 9 : : x : 18

\frac{2}{9}  = \frac{x}{18} \\

By cross multiplication,

2\times18 = x \times18\\36 = 9 x

Dividing both side by 9,

x = 4

Thus, 4 new office assistants will it need to hire.

8 0
2 years ago
Riverboat Adventures pays $450,000 plus $5,000 in closing costs to buy out a competitor. The real estate consists of land apprai
kkurt [141]

Answer:

$150,150

Explanation:

Total fair value of all assets:

= Land + Building + Paddleboats

= $67,200 + $158,400 + $254,400

= $480,000

Building accounted for:

= Fair value of building ÷ Total fair value

= $158,400 ÷ $480,000

= 33%

Therefore, the building is 33% of the total fair value of assets.

Cost of acquisition of assets:

= Amount paid + Closing cost to buy out a competitor

= 450,000 + 5,000

= $455,000

Cost to be allocated to the building:

= Cost of acquisition of assets × Percent share in total fair value

= $455,000 × 33%

= $150,150

8 0
2 years ago
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