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Genrish500 [490]
4 years ago
14

How might firms BEST use marginal analysis to determine price and output when there are additional costs related to hiring a new

worker?
Social Studies
2 answers:
pantera1 [17]4 years ago
7 0

Answer:

Firms might maximize revenue by raising price or output

Explanation:

Through marginal analysis it is possible to compare the costs incurred with the benefits obtained from some financial strategies, which enables the company to better analyze its strategy in an attempt to maximize its profitability. Through marginal analysis they can maximize revenue by increasing price or output when price and output need to be determined when there are additional costs related to hiring a new worker.

lakkis [162]4 years ago
6 0
I believe the answer is: Firms might maximize revenue by raising price or output

When a firm higher an additional worker, the total labor expense that they have to spend would rise. 
But this situation wouldn't reflect negatively on their income report if that additional worker could contribute to more output that has more value than the cost of his/her employment.
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Why does even a free market economy need some government intervention?
Kisachek [45]

Answer:

Because even if the free market system is the most efficient economic system that humanity has found, it sill can produce some undesirable effects for society that need government intervention in order to be corrected.

Explanation:

For example, in the free market, if a company is more efficient than its competitors, it can become a monopoly, and monopolies affect consumers because they can set prices higher than normal.

Also, in a free market economy, even if many goods and services are produced, and both output and income rise, some people will still be left behind in poverty. It is a socially desirable thing to help the poor in order to keep society more harmonious and just.

6 0
3 years ago
Peter belonged to his high school yearbook committee a few years ago. He remembers how much fun they had together, the long hour
Art [367]

Answer:

cohesive            

Explanation:

Group cohesion: The term group cohesion represents the members of a particular group who work together in a positive environment as well as feels positive about their work.

It can cause both, positive consequences or negative consequences that can often lead to alarming results, same as groupthink.

It causes unity in the different members of a group to work together precisely and satisfy the goals, needs, etc.

A groups' cohesion is being impacted by various factors, for example, trust & member similarity.

In the question above, the statement signifies the evidence about the group being cohesive.

7 0
4 years ago
Bright (high-beam) headlights show objects __________ feet ahead.
Papessa [141]
The answer is C)450 feet ahead
8 0
3 years ago
Read 2 more answers
What places can you visit in California?
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Answer:

A,B,C,D

Explanation:

All of the above. You can find all of these things in California.

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4 years ago
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A politician extols the positive effects that being in the Boy Scouts and Girl Scouts has. The politician touts the negative cor
notsponge [240]

Answer:

not necessarily right

Explanation:

Although it may be true that Scouting may have a positive influence on the youth he is not necessarily right. Individuals make their decisions based on many factors, including home life situations as well as the environment in which they grow up. This includes other individuals of the same age. Bad influences can also exist in the Boy/Girl scouts which lead kids towards criminal behavior.

8 0
3 years ago
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