Answer:
The correct answer is letter "D": other things remaining the same; higher; lower..
Explanation:
According to the demand law, <em>ceteris paribus</em>, as long as the price of a good or service decreases the quantity demanded increases. If the price increases, the quantity demanded for that good or service decreases. The relationship between quantity demanded and the price is inversely proportional.
A it is a I am pretty sure sorry if wrong
Solution :
Amy can only change the number of workers. As the fixed input cannot be changed in the short run, so in the short run, the workers are the variable inputs and the ovens are the fixed inputs.
a). Marginal Product of labor
No. of workers The Output The Marginal product of labor
0 0 ---
1 60 60
2 100 40
3 130 30
4 150 20
5 160 10
The marginal product of the labor is the change in the quantity i.e pizza as Amy hires an additional worker.
1 worker raise the output to 100, so the marginal product of labor of 1 worker is 100 and so on. The marginal product of the labor = change in the output / change in the number of workers.
b).
No. of workers The Output The Fixed cost The Variable cost Total cost
0 0 20 0 20
1 60 20 30 50
2 100 20 60 80
3 130 20 90 110
4 150 20 120 140
5 160 20 150 170
The fixed cost remains the same but the variable cost increases as one more worker is hired.
The law of the diminishing the marginal product of labor is determined by = total output increases at the decreasing rate as we increase the quantity of the labor.
Answer:
The answer is letter D.
Explanation:
A partner withdraws from a partnership by selling her interest to another person who currently is not associated with the firm. As a result of this transaction, the capital account balance of the other partners in the partnership wil remain the same.
When deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customers income level.
Given that monopolist chooses different prices from different customers.
We are required to give the basis on which the monopolist may charge different prices from different customers.
Monopoly is a situation in which the producer or seller charges comparatively high prices from customers.
So, the monopolist may choose to charge the different prices from different customers based on the income level of customers.
Hence when deciding what price to charge consumers, the monopolist may choose to charge them different prices based on the customers income level.
Learn more about monopoly at brainly.com/question/13113415
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