Omega Custom Cabinets produces and sells custom bathroom Vanities. The fim determined that if hires 10 workers. It can produce 20 vanites per week. Irithies 11 workers, it can produce 22 vanities welt sells each vanity for 5800, and it pays each of its workers $1,000 de week
A. For the 11th worker, the value of marginal product of labor $1,600.
B. For the 11th worker the marginal revenue product is $2,000
C. The firm is maximizing it's profit
D, If the firm is employing 11 workers, then its profit would increase if it cut back to 10 workers
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Kubin company’s relevant range of production is 24,000 to 31,000 units. when it produces and sells 27,500 units, its average costs per unit are as follows:
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Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
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Phoenix guitars is interested in pursuing backward integration to take greater ownership of the extraction of raw materials and production of components used in its signature line of guitars. although this approach would lower the overall cost of producing a guitar, the costs associated with producing electronic pickupsfor sound amplification are far greater than those associated with sourcing pickups from a reliable supplier. which of the following approaches is likely to produce superior results? a) invest in vertical integration despite the cost of producing pickups.b) abandon the idea of vertical integration entirely.c) pursue taper integration.d) introduce a budget line of guitars to diversify the firm's offerings.
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Omega Custom Cabinets produces and sells custom bathroom Vanities. The fim determined that if hires...
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