If domestic income is $13,000 million, compensation of employees is $2000 million and mixed income is $1500 million Calculate the value of operating surplus
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If domestic income is $13,000 million, compensation of employees is $2000 million and mixed income is $1500 million
Calculate the value of operating surplus
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- Calculate the value of NDPFC if compensation of employees is $2300, Operating surplus is $500 and mixed income is $3300If NDPFC is $300 million, compensation of employees is $60 million, operating surplus is $30 million Calculate mixed incomePrice per unit of chair is $330 and the output sold is 16 units Calculate Total revenue
- GivenMonthly rent25,000Monthly Salary/employee10,000Market price of slippers520Total units sold20,000 Solve for the followingTotal RevenueTotal CostProfit/Loss (indicate if its a profit or loss)Calculate the value of total revenue when average revenue is $77 and the no of units sold is 7Say that the marginal revenue brought by hiring a worker is at P600/day, and the minimum wage is P537/day, what should the firm do? (A Stay at the current level (B Cut back on hours of work (C) Fire workers (D) Hire more workers
- nts per question) 1a0od it produces is constant, than it NAME: NT A QUIZ ABC Limited sells its product in a perfectly competitive market for a price of $15 1. per unit and hires workers at a daily wage of $75. Labor is the only factor cost, and the firm is currently earning profits. If ABC hires one more worker and output increases by 5 units per day, the firm's profits will a. decrease by $5 b. decrease by $75 c. increase by $75 d. increase by $15 e. remain unchanged.Complete the missing parts in the table Working hours (input) Wage Yield in lb. (TPP) Price of basil Total Fixed Cost (TFC) TVC (Total Variable Cost) TC (Total Cost) TR (Total Revnue) AVC (Average variable Cost) ATC (Average Total Cost) MC (Marginal Cost) MR (Marginal Revenue) 0 $28 0 $14.0 10 $28 32 $14.0 20 $28 68 $14.0 30 $28 108 $14.0 40 $28 144 $14.0 50 $28 176 $14.0 60 $28 196 $14.0 70 $28 212 $14.0 80 $28 216 $14.0 90 $28 218 $14.0 100 $28 214 $14.0 110 $28 204 $14.0…Calculate the compensation of employees if the NDPFC is $20000, operating surplus is $11,000 and the mixed income is $4000
- Lisa is a self-employed physical therapist who works from a rented space. Lisa charges $200 for a therapy session. She incurred the following costs last month: space and equipment rental, $1200; wages, $3500; materials, $1800. If Lisa's profit last month was $2500, how many clients did she see? Instructions: Round your answer to the nearest whole number. clients.A perfect competitor charges a price of $30. The first worker he would hire would have a marginal physical product of 20, the second worker he would hire would have a marginal physical product of 18, the third worker would have a marginal physical product of 16, and the fourth worker would have a marginal physical product of 14. (a) How many workers would he hire if the wage rate were $540? worker(s) hired How much would his wage bill be? $ wage bill (b) How many workers would he hire if the wage rate were $470? worker(s) hired How much would his wage bill come to? $ wage bill.Suppose Sarah owns a small company that makes wedding cakes. The accompanying table shows how Sarah's total cost varies depending on the number of wedding cakes she makes each day. Number of Cakes Per Day 0 1 2 3 4 5 6 Total Cost Per Day $100 $180 $220 $300 $400 $520 $660 If the market for wedding cakes is perfectly competitive, and wedding cakes sell for $95 each, then at her profit-maximizing level of output, Sarah will earn a of per day.