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Shtirlitz [24]
3 years ago
12

Select the correct text in the passage. Which sentence in the passage shows hazards that an office worker is likely to face? Owe

n is a software programmer in an advertising company. He often works for long hours in the office. He faces the risk of being exposed to toxic chemicals. He suffers from back and neck pain every now and then. He suffers from burns due to contact with hot stove tops. Owen also faces the risk of being subjected to armed robbery.
Business
1 answer:
iren2701 [21]3 years ago
7 0
<h2>He suffers from back and neck pain every now and then</h2>

Explanation:

Normally a software programmer of any field needs to code extensively. The room for physical work is very negligible or zero.

Software programmers fix issue, write code, attend client calls, coordinate with multiple team members. So they entirely use their brains and work.

So they have use keyboard and mouse extensively and often they forget to blink their eyes, relax their fingers during their extensive use, do proper exercise to relax their muscles and also improper posture while working on the computer.

Because of these factors, software programmers suffer from back and neck pain.

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Suppose that XYZ Company hires labor and capital in competitive input markets. Assume that labor costs $200 per day and that a u
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Answer:

a) Yes, the firm is minimizing the cost of current production. This is because MRPL / w = MRPC / r = 0.20.

b) The long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

Explanation:

a) Given the information provided, is the firm minimizing the cost of current production? Explain why or why not.

The condition for the cost minimization of a firm is as follows:

MRPL / w = MRPC / r ……………………………. (1)

Where:

MRPL = Labor's marginal product = 40

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MRPC = Capital's marginal product = 30

r = Cost of capital = 150

Therefore, we have:

MRPL / w = 40 / 200 = 0.20

MRPC / r = 30 / 150 = 0.20

Since MRPL / w = MRPC / r = 0.20, this implies that these conditions are consistent with equation (1). Therefore, the firm is minimizing the cost of current production.

b) If the daily wages were to increase, explain the long run adjustments that the firm would likely make in response to the wage increase.

If the daily wages were to increase, the MRPL / w in equation (1) in part a above will fall and we will have:

MRPL / w < MRPC / r …………………… (2)

Since equation (2) is no longer consistent with equation (1), the firm is NOT minimizing the cost of current production.

Therefore, the long run adjustments that the firm would likely make in response to the wage increase is to use more labor and less capital until MRPL / w = MRPC / r, which is the condition for the cost minimization of a firm.

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