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Kipish [7]
2 years ago
15

An employer hiring in a competitve labor market should hire additional labor as lnog as?

Business
1 answer:
dybincka [34]2 years ago
4 0

An employer hiring in a competitive labor market should hire additional labor as long as the marginal revenue product (MRP) exceeds the wage rate.

Marginal revenue product (MRP), also called the marginal fee product, is the marginal sales created due to an addition of 1 unit of resource. The marginal sales product is calculated via multiplying the marginal physical product (MPP) of the useful resource through the marginal sales (MR) generated.

How do you calculate marginal revenue product made from labor?

The marginal revenue product fabricated from a worker is equal to the fabricated from the marginal fabricated from exertions (MPL) and the marginal revenue (MR) of output, given with the aid of MR×MPL = MRPL.

Why is marginal revenue product vital?

Marginal revenue product (MRP) explains the additional revenue generated by means of adding an additional unit of manufacturing resource. it's miles an important idea for determining the demand for inputs of production and analyzing the most advantageous amount of a useful resource.

Learn more about marginal revenue product  here:-brainly.com/question/13444663

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There are four general ways of making observations: (1) direct versus indirect, (2) overt versus covert, (3) structured versus u
torisob [31]

Answer:

False

Explanation:

7 0
3 years ago
Match Group went public in November 2015. The company sold 33,333,333 shares at $12 per share. The underwriting spread was $0.66
kipiarov [429]

Answer:

5.5%

Explanation:

The underwriting spread = $0.66 per share

the percent underwriting spread = ($0.66 / $12) x 100 = 5.5%

The underwriting express is the fee that the underwriter of the stock (usually an investment bank) will charge the company for carrying out the transaction, either an IPO or simply issuing more stocks.

3 0
3 years ago
Which of the following marketing variables is concerned with design, quality, and packaging? O A. Promotion O B. Place O C. Pric
Gala2k [10]

Answer:

promotiopeicen

Explanation:

product

8 0
3 years ago
Feather Company's inventory is recorded at its historical cost of $100,000. The replacement cost currently is $95,000; estimated
Liula [17]

Answer:

B. $97000

Explanation:

Given that

Estimated selling price = 102000

Estimated selling cost = 5000

Recall that

The net realizable value which is NRV

= Estimated selling price - estimated selling cost

Thus,

NRV = 102,000 - 5000

= 97000

Therefore, the estimated net realizable value is $97000.

Note, the other parameters listed are not used in estimating NRV.

5 0
3 years ago
Read 2 more answers
An operations manager observes a new production process. Based on production of the first 32 ​units, the manager estimates that
Leviafan [203]

Answer:

<em>The answer is 17.01 minutes</em>

Explanation:

<em>Given that:</em>

<em>The learning rate (r) = 85% = 0.85</em>

<em> T₃₂= 23.52 minutes</em>

<em>By applying the learning curve formula</em>

<em>Thus,</em>

<em>Tₙ = T₁ nᵇ</em>

<em>Where b represent ln(r)/ln2</em>

<em>b = ln( 0.85)/ln2 = -0.2344</em>

<em>23.55 = T₁ * (32)^-0.2344</em>

<em>T₁ = 23.55 * (32)^0.2344</em>

<em>Now,</em>

<em>T₁₂₈ = T₁ (128)^ - 0.2344</em>

<em>= 23.55 * (32)^0.2344 * (128)^ - 0.2344</em>

<em>=17.01 minutes</em>

3 0
3 years ago
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