Do you agree or disagree with the following statement: "Because a small dollar amount is involved, a needs assessment to purchase a $600 PC for an employee is overkill." Explain your answer.
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- Do you agree or disagree with the following statement: "Because a small dollar amount is involved, a needs assessment to purchase a $600 PC for an employee is overkill." Explain your answer.
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- Ontario is removing vehicle license renewal fees (article below). How does this affect the cost of owning a car? Which type of cost does it affect--Fixed, Marginal, Variable, Total, Average, etc.? Explain your reasoning.If the firm hires 5 employee, total fixed costs equals‘The 50th worker produces fewer additional units of output than the 49thworker does.’Based on the above statement, can you tell what the changes are for the marginal costs and average total cost? Explain your answers.
- Justify the statement. Whether true or false. Fixed cost does not change with the change in the output in a production processComment briefly on the advantages and disadvantages of a “ratio scale”.Your answer should focus primarily on what you can learn from the two different versions of the chart.You are considering renting a city apartment with 1,000 square feet for $1,700 per month. The monthly rent on a larger, 1,500-square-foot city apartment is $2,350. The marginal cost of renting an apartment with 500 additional square feet is $nothing per square foot per month. (Round your response to two decimal places.)
- Michael must pay $700 for a statistical package, plus $140 for each additional analysis add-on. Find a cost function to help Michael determine how many add-ons he can afford to buy. Use C(x) to represent the cost function.Aldrin is a call center agent and has a daily wage of ₱ 2500. Aldrin takes an antihistamine drug once a day for his allergic rhinitis. He regularly visits his physician once a year to get a new prescription so that he could purchase another 1 year supply of his antihistamine drug. This visit takes place in the morning and he does not miss any work. Because of his regularly visit to his physician, it gained him 6 more productive work days per year than if he had not received regular treatment for allergic rhinitis. Compute for the benefit-cost ratio of the antihistamine drug therapy given the following information. Please attached here your solution. Round-off your final answer to 2 decimal places and box your final answer.The marginal product of labor is the Question 6 options: a) increase in total cost associated with a one unit increase in production b) change in total output associated with a $1.00 increase in total cost c) increase in total cost resulting from the hiring of an additional worker d) increase in total output as a result of hiring an additional worker
- an interest payment on a loan to a firm is an explicit or implicit cost?Determine whether each of the following is an explicit cost or an implicit cost :a. Payments for labor purchased in the labor market b. A firm’s use of a warehouse that it owns and could rent to another firm c. Rent paid for the use of a warehouse not owned by the firm d. The wages that firm owners could earn if they did not work for themselvesCan you show the written out work for this problem please