Business, 26.06.2019 19:50 angelmeeks7979

Lucia makes sweaters in her home. starting with just some knitting needles and yarn, she was able to knit 50 sweaters per year. now some local stores have expressed interest in her designs and offered to buy her sweaters for $20 each. this makes it worthwhile for her to invest in some capital; in particular, she could produce many more sweaters if she invested in one or more looms, as shown in the following table. assume that lucia’s sweater business is a perfectly competitive firm. complete the following table by calculating the marginal physical product (mpp) of each loom and the marginal revenue product (mrp) of each loom. quantity of input output mpp of each loom mrp of each loom (looms) (sweaters per year) (sweaters) (dollars) 0 50 1 90 2 121 3 144 4 161 5 176

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 13:50, lelliott86

Time value an iowa state savings bond can be converted to $750 at maturity 5 years from purchase. if the state bonds are to be competitive with u. s. savings bonds, which pay 5% annual interest (compounded annually), at what price must the state sell its bonds? assume no cash payments on savings bonds prior to redemption. ignore taxes.

Answers: 3

continue

Business, 22.06.2019 06:00, kinglightskin2k

If you miss two payments on a credit card what is generally the penalty

Answers: 1

continue

Business, 22.06.2019 07:50, sis212

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?

Answers: 1

continue

Business, 22.06.2019 20:30, joaquin42

Hank itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. the following are required for production of a 70-gallon batch. 2,700 ounces of grape concentrate at $0.04 per ounce 77 pounds of granulated sugar at $0.43 per pound 133 lemons at $0.79 each 350 yeast tablets at $0.24 each 350 nutrient tablets at $0.14 each 2,500 ounces of water at $0.001 per ounce hank estimates that 4% of the grape concentrate is wasted, 9% of the sugar is lost, and 32% of the lemons cannot be used. compute the standard cost of the ingredients for one gallon of wine. (round intermediate calculations and final answer to 2 decimal places, e. g.

Answers: 3

continue

You know the right answer?

Lucia makes sweaters in her home. starting with just some knitting needles and yarn, she was able to...