Stephan owns a shirt factory. He sells each shirt for $50. Previously, he had 30 employees producing a total of 300 shirts daily. Then Stephan added 10 new employees and noted that production increased to 350 shirts per day. Calculate the value of the marginal product in the range of 30-40 employees.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Stephan owns a shirt factory. He sells each shirt for $50. Previously, he had 30 employees producing a total of 300 shirts daily. Then ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
You will want to invest in a business that requires an initial investment of $5,250. The business is expected to produce cash flows of $750 at the end of Year 1, $1,000 at the end of Year 2, $850 at the end of Year 3, and $6,250 at the end of Year 4.
Answers (2)
The SP Corporation makes 40,000 motors to be used in the production of its sewing machines. The average cost per motor at this level of activity is: Direct materials $ 9.90 Direct labor $ 8.90 Variable manufacturing overhead $ 3.
Answers (1)
What is the difference between the production and the distribution of an item? O A. One deals with transporting the item from where it was produced to the location where it will be sold;
Answers (1)
To meet customer needs, community pharmacies must focus on a. service and convenience. b. pricing and quality. c. care and compassion. d. marketing and availability
Answers (1)
Which of the following items is needed when opening a bank account? Select the best answer from the choices provided. A. letter of reference B. proof of residency C. birth certificate D. Social Security number
Answers (1)
New Questions in Business
Elmer received the following distributions from Virginiana Mutual Fund for the calendar year 2019: Ordinary dividends $250 Capital gain distributions $170 Nontaxable distributions $80 Elsie, Elmer's wife, did not own any of the Virginiana Mutual
Answers (1)
Ocean Vessels, Inc., and Pacific Harbor Company enter into a contract for a sale of a boat. Ocean is a merchant who deals in goods of the kind sold. The goods are defective. Under the UCC, the implied warranty of merchantability is breached a.
Answers (1)
If it is known that the income elasticity of demand for the same good is 2.5, estimate the percentage change in demand if consumer income increases from $100 to $300.
Answers (1)
Mark has been working at shop-mart for the past 10 years. despite working hard, he is unable to get what he wants or needs done, such as restocking the produce aisle. he is constantly tired and receives no rewards for his hard work.
Answers (2)
Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $630,400 with 330,800 estimated direct labor hours.
Answers (1)