Answer:
A. last; equal to
Explanation:
Marginal product of labour is the change in total output as a result of a change in quantity of labour employed.
A profit maximising firm would produce up to a point where the marginal product of last factor enjoyed in equal to the factor's price.
The marginal cost of Labour should equal to the marginal product of labour
Answer:
Store atmosphere
Explanation:
There are various techniques used by companies to attract more customers. One of them is to design the shop in the best way possible. Pauline is thinking about designing the place and making decisions about the colours and layout because Pauline understands that the store atmosphere and the looks can certainly affect the customer's purchase decision.
Answer:
Employment of low wage workers will decrease and which in turn increase the unemployment.
Explanation:
Perfectly competitive labor market, is the one which is described as the composite of many firms or companies that are in the competition for the workers. The firms will not be in power to set the wages for the workers, the market also determines the competitive wage.
But if this is a low wage labor and on that the government establish or form the minimum wage then it will result in the employment of the low wage workers will decrease and the consequence of which is increase in the unemployment.
Note: Options are missing so providing the direct answer
Answer:
decrease in the day's sales inventory
Explanation:
Corner Hardware has succeeded in increasing the number of goods it sells while holding the amount of inventory on hand, cost per unit, and the selling price per unit at a constant level.
This situation will be reflected in the firm's financial ratios in the form of a decrease in the day's sales inventory.
Answer:
0.66
Explanation:
the fourfirm concentration ratio is the sum of the concentration ratio of the four largest firms in the industry.
The sales of the second largest firm = $35 million - ( $10 million + $4 million+ $2 million + $12 million ) = $7 million
concentration ratio of firm 1 = $10 million / $35 million = 0.29
concentration ratio of firm 2 = $7 million / $35 million = 0.2
concentration ratio of firm 3 = $4 million / $35 million = 0.11
concentration ratio of firm 4 = $2 million / $35 million = 0.06
Adding the ratios together = 0.66
