If labor is the only variable input and it costs $15 per hour and if the marginal product of labor is 3 units per hour, the short-run marginal cost of 1 unit of output is approximately $0.20 Answer A: $0.20 A $3.00 Answer B: $3.00 B $5.00 Answer C: $5.00 C $15.00 Answer D: $15.00 D $45.00

Answers

Answer 1

Based on the information given  the short-run marginal cost of 1 unit of output is approximately $5.00.

Using this formula

Marginal cost=Change in cost/Change in quantity

Where:

Change in cost=$15 per hour

Change in quantity=3 units per hour

Let plug in the formula

Marginal cost=$15/3

Marginal cost=$5.00

Inconclusion  the short-run marginal cost of 1 unit of output is approximately $5.00.

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Related Questions

Which programs carry out repetitive tasks and can be programmed to make decisions based on specified conditions

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Based on Machine technology fundamentals, the programs that carry out repetitive tasks and can be programmed to make decisions based on specified conditions are "Intelligent agents."

This is because Intelligent Agents is designed to carry out certain functions according to its environment, user input, and experiences.

Intelligent agents is designed with the capability to carry out or gather information on their own.

It can also be programmed to work at a specific time or when the user asks in real-time.

There are various types of Intelligent Agents. Some of these intelligent agents include the following:

Simple Reflex Agents;Model-Based Reflex Agents;Goal-Based Agents;Utility-Based Agents;Learning Agent;

Hence, in this case, it is concluded that the correct answer is Intelligent Agents.

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When the makers of Reese's candy bars decided to manufacture Reese's peanut butter, it was an example of

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When the makers of Reese's candy bars decided to manufacture Reese's peanut butter, it was an example of Brand extension.

A brand extension or brand stretching involves a company using one of its product brand names on a new product. The new product is known as a spin-off.

This method increases the new brand sales.

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milton friedman led a new economic school of thought called

Answers

Answer:

Friedman's economic theories became what is known as monetarism, which refuted important parts of Keynesian economics.

School: Keynesian economics

Works written: A Monetary History of the United ...

Explanation:

PLEASE HELP-AFTER THIS QUESTION I ONLY HAVE 10 POINTS LEFT, AND I DON'T WANT TO HAVE TO ASK THIS AGAIN!!!!!!!!!!!! I WILL GIVE BRAINLIEST, 5 STARS, AND THANKS TO ANYONE WHO CAN HELP ME!!!!!!!!!!!!!!!!!
Will thinks he is a good listener. He holds consistent eye contact whenever his colleagues speak and lets them share without interrupting. He always concentrates on what they are saying, doesn’t ask any questions, and tries to show them support by repeating what they’ve said and making judgments about it. Haley says that though Will exhibits some behaviors of a good listener, he could do better by changing a thing or two about his approach. What would Haley MOST likely suggest that Will should change about his behavior in order to become a better listener?

He should ask questions and stop making judgments.

He should stop repeating what his colleagues have said.

He should stop making judgments and repeating what his colleagues have said.

He should ask questions and stop holding so much eye contact.

Answers

Answer:

sup

Explanation:

Answer: He should ask questions and stop making judgments.

Explanation:

brainliest please

the three major factors associated with corporate social responsibility are

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Based on the socio-economic analysis, the three primary factors associated with corporate social responsibility include "society."

The other two significant factors associated with corporate social responsibility include the following:

EthicsEnvironment.

Corporate social responsibility is a term used to describe the practices and policies of business firms or companies to operate in a way that benefits their environment at large, instead of degrading or affecting the environment.

Corporate Social Responsibility involves economic and philanthropic responsibilities, all of which form the social-environmental and ethical responsibilities.

Hence, in this case, it is concluded that the correct answer is society, ethics, and the environment.

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Groups of employees from different departments who work together on a long- term basis are called ______________________________________________.

Answers

Answer:

cross-functional teams

Explanation:

Select the best answer: A Notary Signing Agent wants to stand out from other NSAs by guaranteeing to borrowers and contracting companies that all of her loan signings will take 30 minutes or less. This is:

Answers

A Notary Signing Agent are often regarded as loan processing officers. This is permissable as long as it is not stated as a guarantee and Prohibited if it is stated to be a guarantee.

Rotary signing agent as part of a loan process officers are hired as an independent contractor in making sure that loan documents are worked on to by the borrower and them it will be returned on time after it has been notarized.

The notary signing are prohibited from engaging in the activities below:

They are not permitted to give legal advice of any kind.

*They are also not permitted to guarantee the duration of how long a loan signings will take.

Conclusively they are only given right to give the time how long the signings will take to the borrowers, only he or she is not putting it out as a guarantee.

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What factors do you think result in the relationship between neighborhood demographics and the cost of an overdraft fee? Explain your reasoning

Answers

The factors which result in the relationship between neighborhood demographics and cost of an overdraft fee is the number of people living in the location.

Neighborhood demographics refers to the details of people living in a specific states, city or town.

The overdraft fee refers to the service fees that are charged by banks for customers uses of its overdraft service.

The overdraft fee of banks in different location might varies because of the numbers of banks users in the location.

If the bank users in the location are high, the cost of overdraft fee may be set at low price because of the number advantage.

Therefore, the factors which result in the relationship between neighborhood demographics and cost of an overdraft fee is the number of people living in the location.

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When a company sets the date that the final payment is due to the bondholder, they are setting the ________ date.

Answers

The company is setting the maturity date when the final payment is due to the bondholder.

The bondholder is the owner of the debt securities which are issued by companies or governments.

The bondholders are the parties who are lending their money to the bond issuers.

So, the bondholders are entitled to periodic repayment of the bond from the bond issuers.

So, when the Final payment is due to the bondholder, the date is addressed as maturity date because that is when the bond contract lapses unless the repayment is not complete.

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what is postulated to have caused a sudden inflation of the early universe?

Answers

Statement that explains the postulation that caused a sudden inflation of the early universe is:

The energy released from the "freezing out" of the strong force from the GUT force.

Towards the end of that era, there was a grand unified theories that predicted that there was a freezing out of the nuclear strong force due to the extreme cooling of the universe.

This is considered as the sudden inflation of the early universe.

Therefore, freezing out" of the strong force from the GUT force is the correct answer.

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I am confused here. Help me, tomorrow is my exam. Is tailoring a secondary activity or tertiary? Bcoz a tailor also makes suits etc and also fixes them. For example if my coat has a cut, the tailor will repair it.​

Answers

I think it might be tailor

Hello student

Answer:

Tailor is tertiary activity of economy

Explanation:

because it makes service not manufacturing goods and items.

Question #4
Generally, when receiving a business card from an international
business person you should:
O Set the card aside so you can study it later.
O Thank the person for giving you their card.
O Immediately place the card in your pocket.
O Carefully review the card and then put it in a special place.

Answers

Generally, when receiving a business card from an international business person, you should B. Thank the person for giving you their card.

 

Expressing gratitude remains the first courtesy practice in any business meeting, much more an international business meeting.

 

After expressing gratitude for the card, you can later study and thoroughly review it before putting it in your international cardholder.

 

Thus, the first reaction after receiving a business card from an international business person is Option B.

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cash transactions involving the purchase and sale of long-term assets and current investments are classified on the statement of cash flows as activities.

Answers

When such transactions involving long-term assets and current investments are put into the statement of cashflows, they are classified as Investing activities.

Investing Activities:

Include the purchase or selling of fixed assets Also include transactions involving investments in other companies in terms of shares and bonds

Long-term assets are fixed assets and current investments refer to those in other companies so these are considered investing activities.

In conclusion, these are investing activities.

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If your liquid assets equal $15,000 and your total current debts equal $50,000, your liquidity ratio is:

Answers

I think it would be 0.30:1 I could be wrong though
use the income received and earned only. If your liquid assets equal $15,000 and your current debts equal $50,000, your liquidity ratio is: a. 30%.

Which statement about the cost of loans is correct?
A. A short-term loan charges more interest than a long-term loan.
B. The lower the interest rate, the more the loan will cost.
C. A short-term loan accrues less total interest than a long-term loan.
D. The less often interest is compounded, the more the loan will cost.​

Answers

The true statement about the cost of loans is option A. A short-term loan charges more interest than a long-term loan.

Short term loans are those loans that are taken in order to meet up with expenses that may just be urgent.

Such loans are usually known to have a bigger interest rate than the standard loans. Apart from the interest that they attract, such loans are known to also have other charges and fees attached to them.

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The correct answer to your question is C. A short term loan accrues less total interest than a long term loan

What direction of change in velocity could explain the price level increasing by a smaller percentage than the money supply? What would this change in velocity imply about the frequency with which money changes hands?

Answers

1. A direction of change in velocity that explains an increase in price level by a smaller percentage than the money supply is: A decrease in velocity.

2. An effect of this change in velocity (decrease) with respect to the frequency with which money is exchanged (changes hands) is that: A decline or decrease in velocity simply means that money changes hands less frequently.

What is money?

Money can be defined as a recognized economic unit that is generally accepted by the people as a medium of exchange for goods and services, as well as repayment of debts such as loans and taxes across the world.

Hence, money is a financial asset that is typically used for the purchase of goods and services.

What is the velocity of money?

The velocity of money refers to a measure of the rate at which money is being used by consumers for the purchase of goods and services.

Basically, the velocity of money can be used to achieve the following:

Measure the economic and financial health of a country.Measure the rate at which money is being exchanged (changes hands).Measure the circulation of money in an economy.

Mathematically, the velocity of money is calculated by using this formula:

[tex]V = \frac{PY}{M}[/tex]

Where:

P is the price level.M is the quantity of money.Y is the level of production or quantity of output.

Generally, an increase in price level by a smaller percentage than the quantity of money supplied represents a decrease in the velocity of money. Also, an effect of a decrease in velocity with respect to the frequency with which money is exchanged (changes hands) simply means that money changes hands less frequently.

In conclusion, the frequency with which money is exchanged (changes hands) should be equal to the quantity of money in an economy multiplied by the average number of times each unit of currency (money) is being spent by the people living in a country.

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In which two places is aggregate generally found? floodplains and alluvial fans alluvial fans and mines mines and beneath the topsoil beneath the topsoil and above the topsoil.

Answers

Answer:its A

Explanation:

i just took the test

Aggregate is typically found in floodplains and grassy fans. Therefore, option A is correct.

How are aggregates formed?

Deposition of particles, including soil, silt, rocks, stones, and pebbles, results in the formation of an aggregate. They are deposited due to erosion and withering, two natural processes. Sediment accumulation will take place over the flood-prone area in floodplains.

When water runs across a mountain valley, soil, silt, and gravel aggregates are dumped in grassy fans. The aggregate of soil, rocks, and other materials is removed during mining to acquire minerals.

Underground physical, chemical, and biological activity results in the formation of soil aggregates. Human actions like tilling, stepping on the ground, or fertilising your garden might affect them. Finer soil primary particles join together to form aggregates first.

Sand, silt, and clay are the three basic constituents of soil. As they are known to soil scientists, aggregates can be formed from these particles.

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Question 3 of 10
What is the main purpose of a credit bureau?
A. To consolidate credit card debt
B. To collect and report credit information
C. To get borrowers the best interest rate
D. To provide easy credit
SHIRE

Answers

Credit bureaus provide some of the information creditors and lenders use to help them make important lending decisions. While credit bureaus collect credit information in order to make it available to certain third parties, the decision to deny or approve someone credit ultimately lies with the lender or creditor.

The main purpose of a credit bureau is B. To collect and report credit information

What is the purpose of the credit bureau system?

It collects information from a wide variety of financial and nonfinancial entities, including microfinance institutions and credit card companies, and provides comprehensive consumer credit information with value-added services such as credit scores to private lenders.

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T. Hillcrest Co. sold $500 of merchandise on a bank credit card with a 5% fee. The entry to record this sales transaction would include debit(s) to:

Answers

Answer:

Cash for $475 and Credit Card Expense for $25

Explanation:

Cash for $475 and Credit Card Expense for $25

Using one of the leadership roles or extracurricular activities you prioritized as being important to you, describe what impact the experience had on you, what you contributed, what you learned about yourself, and how it has influenced your plans for the future?

Answers

One of the leadership roles that are on the rise in today's globalized environment is the role of the visionary leader, who is one who has a strategic and planned vision about the organizational resources and future of the company.

A visionary leader aims to keep the organization in line with the highest standards of innovation, always attentive to new trends and market changes, using a systemic vision.

Therefore, relating the visionary leadership role to personal development, one can understand aspects that will help an individual to be adaptable to eventualities, be more organized, manage essential resources and plan for the future.

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Interactive online advertising that has drop-down menus, built-in games, or search engines to engage viewers is known as

Answers

The term that describes interactive online advertising which contains drop-down menus as well as built-in games which engage viewers is Rich media.

Rich media can  be regarded digital advertising term for an ads. It contains some advanced features such as video, search engines, drop-down menus.

All these advanced features are used to encourage viewers so they can interact and engage with the content.

Therefore, Rich media is the correct term.

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Lately, Marcus has noticed a lot of customer complaints that items purchased from his web store don't meet expectations. What improvement to the website will best help to solve this problem so customers know better what to expect when they buy items from his website

Answers

The improvement to this website that would best help to solve the problem so that customers would know what best to expect are High-quality product photos.

The issue is that there is disconnection between what the customers see and what they get.

In order to meet with customer complaints, Marcus has to listen to the problems that they seem to be having.

Then he has to effect the required changes by creating a connection between what his customers see and what they get.

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The manufacturing cost of an air-condioning unit is $544, and the full-replacement extended warranty costs $113. If the manufacturer sells 506,970 units with extended warranties and must replace 20% of them as a result, how much will the replacement costs be? (Note: Assume manufacturing costs and replacement costs are the same. ) a. $55,158,336 b. $11,457,522 c. $2,129,274 d. $66,717,252 Please select the best answer from the choices provided A B C D.

Answers

Answer:

I think its C

Explanation:

3. Journals, ledgers, and work sheets are considered permanent records. (p. 159)
True or false

Answers

Answer:

false

Explanation:

will give brainliest 5

Answers

Answer:

ok

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Answer:

1,2,3,4,5 hope this helps :)

Explanation:

Which of the following is not the process of financial management? A Evaluating financial status B Setting goals C Record monthly expenses D Creating financial plan​

Answers

Answer:

C) Record monthly expenses

Explanation:

ERP systems that include administrative, sales, marketing, and HR processes are referred to as _________.

Answers

Answer:

human right department

ERP systems that include administrative, sales, marketing, and HR processes are referred to as ERP II. Thus, option B is correct.

What is an ERP?

ERP is a class of computers that assists firms in managing and automating important company activities for optimum performance. The combined administration of key business operations, frequently instantaneously, is known as ERP (Enterprise resource planning) systems.

The conventional functionality of materials allocation, delivery, and order input is included in ERP II, although it is supplemented by features like customer management (CRM), renewable source planning, among accounting (HRM). One such Erp software can efficiently, precisely, and consistently run a complete business.

Therefore, option B is the correct option.

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The question is incomplete, the complete question is:

ERP II

ERP I

ERP III

ERP IV

Why is it important for Chipotle to revise the company’s food-handling
standards?

Answers

Answer:

It is important for Chipotle to revise the company’s food-handling  standards as they have been linked to recent outbreaks of E. coli, salmonella, and other food born viruses.

Explanation:

(In reality who gives a sh#t about Chipotle, no one wants to get sick from their disgusting food...)

After a period when prices have been rising rapidly, the Federal Reserve tightens credit and over a period of 2 years, the inflation rate falls from 4% to 2%. This is an example of:

Answers

Answer:

Explanation:

This is supposed to represent what is going to happen,, it's an impossible dream. The question simply does not imply.

However if we live in Oz then this is an example of using interest rates to lower inflation.

Tshering enterprise limited is planning to increase its sale by 30% in the next quarter.Identify the feature of management hight-lighted in the given statement.​

Answers

Answer: management is a goal oriented process

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