Economics homework help

The accompanying table shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities.

Table depicting Total Donations, Average Donations, Total Labor Costs, and Average Labor Costs for varying numbers of employees at State U.

Complete the following:

  • Calculate the total value of donations raised by three employees, and explain the method you used to make this calculation.
  • Calculate the total labor cost with four employees, and explain the method you used to make this calculation.
  • Analyze the relationship between average benefits and average costs by filling in the blanks in the following statement:
  • If the President of State U decides to hire fundraising employees as long as their average benefit exceeds their average cost, then this results in ________ employees being hired and a net benefit (total donations minus total labor costs) of ________.
  • Evaluate the marginal benefit (in terms of extra donations) of the 2nd employee.
  • Explain how the marginal cost of the 4th employee will increase the total labor cost.
  • Determine when the net benefit of hiring fundraisers is the largest.  

*Must be in APA Style Format 

Order your answer from

No Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Popular Questions In 2019
Forum 500 Words

FORUM PROMPT (three questions): What drives or targets intelligence collection?  Describe the various collection strategies that are commonly used? Does this complexity apply to all organizations engaged in intelligence collection? YOU ARE EXPECTED TO ENGAGE IN INDEPENDENT RESEARCH AND LOCATE SOURCES COVERING THE TOPICS OF INTELLIGENCE COLLECTION STRATEGIES AND APPROACHES. …

Popular Questions In 2019

For this field experience, you will assess students, provide them feedback, and reflect on the summative assessment implementation. Part 1: Assessment In the previous field experience, you designed and implemented a lesson that provided additional learning support to the selected group of students. In the final part of the assessment …

Popular Questions In 2019
Intel304 Final

In about 200 words for each question answer the following: Describe four types of unattended ground sensor. Research and discuss a real-life case where these types of sensors are used to gather intelligence. Describe at least five different technical methods that can help positively identify an human being. What is …