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3 years ago

1. The increase in the amount of output from an additional unit of labor.

Business

1 answer:

yarga [219]3 years ago

3 0

Answer:

The correct answers are the following:

1 - C

2 - A

3 - B

4 - D

5 - C and D

Explanation:

1) The product of labor is a concept developed in economics in order to show the amount of output that a worker adds to a firm.

2) The demand curve of labor is the graphical representation of the relationship between the wage rate and the quantity of labor that the firms are willing to hire in the market where the workers go an offer their job.

3) The supply curce of labor is the graphical representation of the relationship between the wage rate and the quantity of labor that the workers are willing to offer in the market.

4) The marginal product of labor is the increase in the revenue that an additional worker will add to the amount of revenues already been made in the company when the worker is hire and puts himself to work.

5) An increase in the labor supply can happen be either an increase in the working population that increase the amount of supply of labor as well as an increase in the women's desire to work rather than stay at home with their kids.

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To be competitive firms must create and sustain core competencies that are in tune with their customer’s order winners (T/F)

Jobisdone [24]

Answer:

The statement is: True.

Explanation:

Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.

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3 years ago

Suppose the Bank of Tazi loaned the banks of Tazi 10 million tazes. Suppose also that both the reserve requirement and the perce

4vir4ik [10]

Answer:

See below.

Explanation:

To compute the change in money supply, we first calculate the credit multiplier,

Credit multiplier is calculated as,

Multiplier = 1 / reserve ratio

When the Bank of Tazi loans 10 million to bank while their reserve requirements stay the same, this additional 10 million will be loaned out and the total change in money supply would be

= 10 million * Multiplier

For example if the reserve ratio was 4% then the multiplier = 1 /0.04 = 25

Then the total change in money supply would be 10 * 25 = 250 million.

Hope that helps.

4 0

3 years ago

Which of these situations would give rise to the free-rider problem? Items (6 items)

sveta [45]

Answer:

The answer is: letter c, a recycling program

Explanation:

A "free-rider" problem happens when <em>some members in the society don't contribute an equal share in the cost of a shared resource. </em>

Among the choices above, the recycling program will give rise to such situation. For example, when it comes to a recycling program of making a school's wall out of recycled bottles (in order to protect it from outsiders), not everyone will join the program yet, most of the time, the program is done for the good of the society. In this case, for the good of the school and the people visiting it.

This results to many free riders taking advantage of the school's wall, including the people who visits the school (parents, babysitters, friends, guardians etc.) and loiters in the area to pass time while waiting for their kids or friends

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3 years ago

Why is Earned Value a very powerful tool? Answer: It combines the cost, scope, and ____________ as an integrated tool to calcula

nataly862011 [7]

Answers
1) Time
2) cost analysis or performance measurement.

Explanation

Earned value — it integrates cost, time and the work done (or scope) and can be used to forecast future performance and project completion dates and costs...

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2 years ago

My carrots have grown sprouts, are they still good?

Nataliya [291]

Yes, they are. You can just cut off the end and use it like nothing happened! :)

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3 years ago