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To dig a trench,each worker needs a shovel.Workers can use only one shovel at a time.Workers without shovels do nothing,and shovels cannot operate on their own.Graphically determine the number of shovels and workers used by a firm to dig 2 trenches when:
(a)w = 10 and r = 10
(b)w = 10 and r = 5
Profit Margin
A financial metric depicting the percentage of revenue that exceeds the costs of goods sold, showing the profitability of a business.
Net Sales
Company sales revenue post deduction of returns, allowances for imperfections or absences, and discounts.
Depreciation
An accounting method of allocating the cost of a tangible asset over its useful life to account for declines in value over time.
Plant Assets
Durable physical assets employed in the running of a business, designed for long-term use and not for being sold off.
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