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nikklg [1K]
3 years ago
5

Assume a firm employs 10 workers and pays each $15 per hour. Further assume that the MP of the 10th worker is 5 units of output

and that the price of the output is $4. According to economic theory, in the short run, __________.a. the firm should hire additional workers.
b. the firm should reduce the number of workers employed.
c. the firm should continue to employ 10 workers.
d. more information is required to answer this question.
Business
1 answer:
Arada [10]3 years ago
8 0

Answer:

A) the firm should hire additional workers.

Explanation:

if the marginal production of the tenth worker is 5 units or output and the price of each unit is $4, the the workers total marginal product revenue (MPR) = 5 units x $4 per unit = $20

Since the cost of hiring that tenth worker is $15 (less than MPR), then the company should hire more additional workers until the MRP = labor cost

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1 year ago
Your employer must offer (at no cost to you) a vaccine against ___________ if your job _____________.'
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Answer:

hepatitis B; puts you at risk for exposure to bloodborne pathogens

Explanation:

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In jobs where the employees are exposed to the bloodborne pathogens, it is the responsibility of the employer to vaccinate the employee against hepatitis B.

8 0
3 years ago
name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs
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Answer:

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8 0
2 years ago
In computing depreciation, salvage value isa. the fair market value of a plant asset on the date of acquisition.b. subtracted fr
kirill115 [55]

Answer:

c. an estimate of a plant asset's value at the end of its useful life

Explanation:

The salvage value or the residual value is the estimated value of the fixed asset which can be received at the end of its useful life. So, neither it is a fair market value of a plant asset , nor it is deducted from the accumulated depreciation.

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Answer:

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