The marginal productivity of the first hour of studying is 15%.
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What is Marginal Productivity?</u></h3>
- The additional output, return, or profit generated per unit as a result of benefits from production inputs is referred to as marginal productivity or marginal product.
- Raw materials and labor are examples of inputs. According to the rule of decreasing marginal returns, the marginal productivity will normally decrease as production rises when a production element is improved.
- This indicates that for every extra unit of output produced, the cost advantage often decreases.
- Diminishing marginal productivity is often recognized in its most straightforward form when a single input variable exhibits a drop in input cost.
- For instance, a reduction in labor expenses during the car-manufacturing process would result in slight increases in profitability per vehicle.
Formula for Marginal Productivity = (Qn – Qn-1) / (Ln – Ln-1)
The total product value is divided by the difference in labor to determine the marginal product of labor.
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C. Some sources say the flu vaccine could lessen negative affects on the economy.
- Apex
Answer:
C) operational systems.
Explanation:
This is been said to explain the the transactions that are been carried out in an organisation strictly on a daily basis. In many cases, it is seen to be tagged or called data warehousing. As seen in data warehousing where data cleaning, its integration and also its consolidation which is seen to be done by the means of integrating data and also by several heterogeneous sources that aid or enhances the analytical reporting and also decision making. All these courses are been applied to assist or in formation for a resourceful or productive business intelligence.
If the market is price sensitive, this means consumers react to small variations in price. In this case, if you were to lower your price to below your competitors, and the market was price sensitive, you would expect to gain more customers. Consumers are wanting to maximize their utility (get the most for the smallest amount of money). If they are price sensitive, they will look for the lowest price that still has an acceptable quality.
