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storchak [24]
2 years ago
8

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that:________

Business
1 answer:
Neko [114]2 years ago
7 0

If a firm hires an additional worker and discovers that its total output has fallen, then it must be true that marginal physical product is negative.

What is the change in total output that results from hiring one additional worker?

The difference in production brought on by using an additional unit of labor is known as the marginal product of labor.

Does hiring additional workers increase the total revenue at a decreasing rate?

Total output increases with additional employees, although at a slower rate. a stage of production where an increase in the labor force leads to a decline in labor's marginal product. With each new unit of labor added to the mix, a company with this will produce progressively less production.

Learn more about marginal product of labour: brainly.com/question/16690539

#SPJ4

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Which of the following is an adjustment to a pay rate to reflect differences in working conditions or labor markets?A. bonusB. p
Ksju [112]

Answer:

The correct answer is letter "B": pay differential.

Explanation:

Pay differential refers to the extra income received by an employee as a result of working out of the established working hours agreed in his or her contract. Pay differential is usually the monetary benefit a worker receives after working overtime or during a graveyard shift.

6 0
3 years ago
If the reserve ratio is 15 percent, and banks do not hold excess reserves, and people hold only deposits and no currency, then w
8090 [49]

Answer:

Option (B) is correct.

Explanation:

Given that,

Required reserve ratio = 15 percent

Bonds sell to public = $25.5 million

Bank reserves decreases by $25.5 million because of the purchasing of bonds from the Fed.

Money multiplier:

= 1/Required reserve ratio

= 1/0.15

= 6.67

Therefore, the money supply decreases by:

= Money multiplier × $25.5 million

= 6.67 × $25.5 million

= $170 million

7 0
3 years ago
Identify whether the statements below are true or false by dragging and dropping the appropriate term into the bin provided.
Tema [17]

<u>Solution and Explanation:</u>

1. False-   Long run Economic growth is likely to be sustainable because of finite natural resources as othe man made resources will be available to sustain growth.  

2. False-    In mordern economy posesing few natural resources will not affect a country to develop economically; human resources and man made resources will also contribute. Foreign trade can also play an important role towards growth, in the absence of abundant natural resources.

3. True-   Natural resources are vital, and mostly exhaustible. Hence it is very essential to find suitable alternatives.

4. False- Economies of 21st century depend on human capital due to depletable atural resources.

5. True - In the 19th century, minerals and farming land were the most mportant resources, since self sustainability was in vogue.

7 0
3 years ago
Which of the following statements is CORRECT?A. Shareholder's equity is the residual value of a firmB. Net working capital must
olga55 [171]

Answer:

The correct answer is letter "A": Shareholder's equity is the residual value of a firm.

Explanation:

Shareholders' equity is a measure of a company's net worth. I can be calculated by subtracting the company's total liabilities from its assets. It is also understood as the <em>funds remaining after all creditors and debts are paid</em> that is why we could say it is the residual value of the firm.

4 0
3 years ago
The constitutional authority of congress to forbid discrimination in employment is based in the
yan [13]
The constitutional authority of congress to forbid discrimination in employment is based on the <u>power of Congress to regulate interstate commerce. </u>
When it came to interstate commerce, there was no employment discrimination there - both men and women could work, regardless of the race and skin color. This was the basis on which the Congress managed to ban discrimination in employment elsewhere.

5 0
3 years ago
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