Answer:
The firm will use labor intensive technology when the marginal product of using labor intensive technology is greater than the marginal produce of capital intensive technology
Explanation:
Marginal product is the change in total product when the amount of input used in changed by 1 unit
When choosing which form of technology to use, a firm would choose the technology that yields the highest marginal product
For example, imagine a firm can choose between using labour or capital in its production. When labour is increased frim 10 to 20 units, output increase from 100 to 500 units
when capital is increased frim 10 to 20 units, output increase from 100 to 200 units
Marginal product of labour = 500 - 100 / ( 20 - 10) = 40
Marginal product of capital = (200 - 100) / (20 - 10) = 20
Marginal product of labour is higher than the Marginal product of capital. the firm should be labour intensive
Answer:
1.The parties involved can ask the government to raise the allocation of funds to the student community service organization
2. Volunteers will be available to help out in the project
3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)
Explanation:
Planning of a large party or an event is called a project. This is because, it was a specific party for a specific purpose and It was held on a specific date and time(beginning and end).
A project must have an objective . It must have stakeholders. This whose decision will greatly affect the outcome of the project
The following are the assumption made by the stakeholders of the project:
1.The parties involved can ask the government to raise the allocation of funds to the student community service organization
2. Volunteers will be available to help out in the project
3. About $10000 will be the project cost(The cost of starting and finishing the project to meet the objectives and demands at hand)
The needs identified are:
-Money to support food purchasing.
-Grow the volunteer force.
-Food donations.
-To teamwork and synergy with a common goal.
<span>Because it is almost impossible to suss out whether a person will be able to learn a new job or be able to fit in with the rest of the work crew just by interviewing and reviewing resumes. And more specifically, in a unionized situation, if probation did not exist it could be virtually impossible and extremely time consuming to justify terminating employment once someone is hired on.</span>
It is Globalization. It refers to the unrestricted movement of goods, capital, services, people, technology, and information. It is the act or procedure of global integration of countries arising from the union of world views, products, ideas, and other aspects of culture. Improvements in transportation and telecommunications structure have been the key factors in globalization, making further interdependence of trade & industry and cultural activities.