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gogolik [260]
1 year ago
9

An employer hiring in a competitive labor market should hire additional labor as long as Multiple Choice the wage rate is less t

han MP. MC exceeds MR. average product exceeds MP. the MRP exceeds the wage rate.
Business
1 answer:
KATRIN_1 [288]1 year ago
6 0

The correct answer is-  the MRP exceeds the wage rate.

<h3>How does MRP influence wage rates?</h3>

Basic economic theory suggests that wages depend on a worker's marginal revenue product MRP. (this is basically the value that they add to the firm which employs them.)

MRP is determined by two factors: MPP – Marginal physical product – the productivity of a worker.

<h3>What factors increase wages?</h3><h3>Productivity:</h3>

Wage increase is sometimes associated with increase in productivity.

Workers may also be offered additional bonus, etc., if productivity increases beyond a certain level.

Learn more about MRP and wage here:

<h3>brainly.com/question/21252933</h3><h3 /><h3>#SPJ4</h3>
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An organization wants to provide its employees information about what its goals are and what it expects employees to accomplish.
Anna007 [38]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) A retention bonus

b) A piecework rate system

c) A merit pay system

d) The Scanlon plan

e) A balanced scorecard

And the correct answer is the option E: A balanced scorecard.

Explanation:

To begin with, the term known as "Balanced Scorecard" it is a very famous strategy method used in the fields of management and business in order to achieve higher levels of administration from the managers and owners. It is a technique that involves the company's short and long term goals and the way to plan how to incentive the employees of the company in order for them to grow and understand better the plans of the organization so that they could work better and increase the productivity that will consequently affect in the benefits of the enterprise as a whole.

5 0
2 years ago
1. Assume that in the relevant jurisdiction, contracts with clauses restricting working for competitors for more than six months
jeyben [28]

<u>Answer: </u>Wrongful interference with a contractual relationship requires the existence of enforceable contract, third party  knowledge, and intentional inducement.

<u>Explanation:</u>

All the business consist of information which is invaluable and wants the employees to keep it within the business and not sell it to competitors. As they are the successful objectives of the business.

Contractual relationship is the relationship bound by legal requirements where there are two or more parties who agree with same terms through enforceable contract. Intentional inducement is where an individual causes damage to  contractual relationship with third party. The damage can be of monetary basis.

8 0
2 years ago
The product life cycle does not have a major impact on decision-making.
Dennis_Churaev [7]

Answer: Thats false.

3 0
2 years ago
What are the 4 targeting strategies a company can use to select a target market? Explain each one.
Maslowich
Undifferentiated Marketing, Multi-Segment Targeting, Focus Targeting, and Customized Marketing.

Hope this helps!
5 0
3 years ago
Which industry began to form in the 1930s? the railroad industry the cruise ship industry the airline industry the Disney resort
sasho [114]
The answer is airline industry.
The first passengers airlines actually first created in 1919, but at that time, the amount of money involved still hasn't big enough to be considered as industry.
The market for airline started to show a promising future in 1930s, where  they started to obtain more than 6,000 consumers per year. 4 Years after that, they started to obtain a staggering increase to 450,000 consumers per year.
6 0
3 years ago
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