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1 year ago

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

1 answer:

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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Explain the role of producers and consumers in a free-enterprise economic system.

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The producer MAKES the product, and sells it to retailers. The consumers buy the products from the retailers.

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In preparing a statement of cash flows using the indirectmethod, the Depreciation Expense ________

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3 years ago

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Renue Spa had the following balances at December 31, Year 1: Cash of $15,000, Accounts Receivable of $61,000, Allowance for Doub

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Answer:

Explanation:

provision For Doubtfull Accounts Yr.3

Opening Bal. = 3,750

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Net Realizable Value = 47750

C) Collectible Amount

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Previously writte of recoverred = -500

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3 years ago

According to the text, cell phones have been crucial in providing ______ to help aid global refugees. Select one: a. monetary tr

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Thanks to cell phones, global refugees can be aided better due to cell phones providind c. migration statistics.

<h3>How have cell phones helped refugees?</h3>

Cell phones have allowed refugees to keep in contact with the outside world which allows their location to be tracked.

As a result of this knowledge of the statistics of their migration, aid organizations can reach these refugees better and take care of them.

Find out more on the importance of cell phones at brainly.com/question/27082130.

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2 years ago

You just stuffed yourself with a hot dog, a large tub of popcorn, and a box of milk duds while watching a movie. when you come o

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Incentive Theory

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Reason behind would be because how many things you ate your brain and taste are processing that all at the same time making it taste like a completely different substance.

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3 years ago