Mountain breeze supplies air filters to the retail market and hires workers to assemble the components. an air filter sells for $26, and mountain breeze can buy the components for each filter for $1. sandra and bobby are two workers for mountain breeze. sandra can assemble 60 air filters per month and bobby can assemble 70. if the labor market is perfectly competitive, how much will sandra and bobby be paid?

The total amount Sandra was paid=$1,500

The total amount Bobby was paid=$1,750

Explanation:

Step 1

Determine the net loss or profit from sales as shown;

profit=sale price-purchase price

where;

sale price=$26

purchase price=$1

replacing;

profit=26-1=$25

Step 2

In a perfectly competitive labor market, the labor market defines the price of labor. In our case,

The value of each person marginal product can be expressed as;

Value of marginal product for Sandra=(25×60)=$1,500

Value of marginal product for Bobby=(25×70)=$1,750

The total amount Sandra was paid=$1,500

The total amount Bobby was paid=$1,750

D) information

Explanation:

In business, the information effect refers to a company or investor taking advantage of new relevant information that they possess in order to increase sales volume or trade securities (or assets) before that information is available to the general public. When an employee of a company uses information for his/her own benefit it is illegal and is referred to insider information.

In this case, BMW gained information legally about their website visitors and is using that private information to gain a competitive advantage and increase its sales. The information itself becomes an intangible asset (even though you cannot assign a value to it) because it helps companies increase their sales volume.