I believe it’s true and false cuz most of the time u Can’t get into the job that u wanted all the time but you can hope but I mean a job is a job
Answer:
3 workers
Explanation:
At optimal point, wage = Price * Marginal Product of Labour (MPL)
When 3 workers are employed,
Since wage is given = 25
And price = 4
When 3 workers are hired, wage is close to price * MPL because wage = 25 and p*MPL = 24
OR
salary paid = $25*3 = $75
Revenue generated = 24*$4= $96
This combination provides the best profit margin which is 96 - 75 = $21.
Answer:
c. The firm will make an additional $4200 in income per day if it sells taco shells instead of tortillas.
Explanation:
Tortilla daily revenue: $8000
Tortilla daily cost: $22500
Taco shell daily revenue: $26,700
Taco shell daily cost: $8000 + $4200 = 12200
Additional income if Taco Shells sold instead of Tortillas: $26,700 - 22,500 = $4200
Answer:
d. Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
Explanation:
Development of team goals is most effective when the set targets are effectively being achieved by the team as a whole.
This entails that each team member contribute their own quota to the process.
The whole team is now involved in execution of planned actions.
The best statement that portrays this is: Michaela and her team create goals that balance the strengths, roles, and responsibilities of individual team members.
