Consider a small landscaping company run by mr. viemeister. he is considering increasing his firm’s capacity. if he adds one more worker, the firm’s total monthly revenue will increase from $50,000 to $58,000. if he adds one more tractor, monthly revenue will increase from $50,000 to $62,000. each additional worker costs $4,000 per month, while an additional tractor would also cost $4,000 per month.
a. what is the marginal product of labor? the marginal product of capital?

mpl = $¬

mpk = $¬

b. what is the ratio of the marginal product of labor to the price of labor (mpl / pl )?

mpl / pl = ¬

what is the ratio of the marginal product of capital to the price of capital (mpk/ pk )?

mpk / pk = ¬

c. is the firm using the least-costly combination of inputs?
choose:
1. yes, because mpk/pk = mpl/pl.
-or-
2. no, because mpk/pk > mpl/pl.

d. does adding an additional worker or adding an additional tractor yield a larger increase in total revenue for each dollar spent?
choose:
1. revenue is increased more by spending money on an additional worker.
-or-
2. revenue is increased more by spending money on an additional tractor.

Gino's restaurant is a popular restaurant in boston, massachusetts. the owner of the restaurant has been trying to better understand costs at the restaurant and has hired a student intern to conduct an activity-based costing study. the intern, in consultation with the owner, identified the following major activities: activity cost pool activity measure serving a party of diners number of parties served serving a diner number of diners served serving drinks number of drinks ordered some costs, such as the cost of cleaning the linens that cover the restaurant's tables, vary with the number of parties served. other costs, such as washing plates and glasses, depends on the number of diners served or the number of drinks served. data concerning these activities are shown below. serving a party serving a dinner serving drinks total total cost $47,600 $153,000 $59,800 $260,400 total activity 7,000 parties 30,000 diners 46,000 drinks prior to the activity-based costing study, the owner knew very little about the costs of the restaurant. she knew that the total cost for the month was $260,400 and that 30,000 diners had been served. therefore, the average cost per diner was $8.68.required: 1. compute the activity rates for each of the three activities 2. according to the activity-based costing system, what is the total cost of serving each of the following parties of diners? a. a party of four diners who ordered three drinks in total b. a party of two diners who do not order any drinks c. a lone diner who orders two drinks 3. convert the total costs you computed in part (1) above to costs per diner. in other words, what is the average cost per diner for serving each of the following parties: a. a party of four diners who order three drinks in total b. a party of two diner who do not order any drinks c. a lone diner who orders two drinks 4. why do the costs per diner for the three different parties differ from each other and from the overall average coast of $9.80 per diner?

The blank is type of decision-maker who over analyzes information

Karen is working on classifying all her company’s products in terms of whether they have strong or weak market share and whether this share is in a slow or growing market. what type of strategic framework is she using?