Assume that skilled labor costs twice as much as unskilled labor, a profit maximizing firm will hire until the marginal product of unskilled labor is half that of skilled labor.
A profit maximizing firm is a firm that tries to create products that are of good quality at the barest or smallest cost.
The marginal product falls after an additional amount of the resource has been added. It is the extra amount that is gained due to the addition of an extra unit.
Due to the fact that both the skilled and unskilled would decrease eventually, the company would have to hire both at equal marginal products.
Read more on brainly.com/question/25706143
Answer:
Hanna is correct.
Explanation:
The sale of the 2004 Dodge cannot be construed to be a sale of goods under the Uniform Commercial Code since this law covers sales of goods by merchants. Hanna cannot be said to be a merchant of 2004 Dodge as she is not known to be in the business for the purchase and sale of cars. Therefore, the case should be adjudicated under the common law. What has taken place in this instance is the exchange of a personal asset. Hanna cannot make a trading profit from the sale, but a capital gain. Rachel is not correct.
Answer:
The correct answer is Clickstream.
Explanation:
Clickstream, also known as Click Tracking, is the route that any user takes once they enter a web page. With it, you can know what pages you visit and in what order, as well as how you get to each of them. It is one of the points that are discussed in web analytics when studying the behavior of visitors who come to them.
It is one of the vital elements to carry out the analysis of clicks of any online site, since it collects all the interaction of the users and the sequence they define with it. In fact, both for publishers and for webmasters and even for members of marketing departments, it is a very revealing and interesting graphic data set in order to evaluate strategies
.
Knowing that flow of clicks allows you to check what are the behavior patterns of visitors when browsing a page, verify if the routes and hierarchies are well established and even analyze if there is any usability problem in any section of a page.
One more component within the entire framework that is part of the analysis of a website, especially in terms of usability. The clickstream is a concept that should be familiar if you have a website or consider its launch due to its importance when analyzing its good performance in terms of performance and user experience.
Answer:
The correct option is (b)
Explanation:
Aggregate supply curve is upward sloping as output increase with the increase in price. In the short run, wage rate is fixed. As such, in the short run, firms can hire more workers at fixed wage rate. An increase in price indicates more profits, thereby increasing output.
This is the reason for upward sloping AS curve.
Answer:
The correct answer is 31 customers per day.
Explanation:
Consider the current capacity requirement as = x
Management wants to have a capacity cushion = 8%.
So the utilization is required = 100% - 8% = 92%
A process of currently services an average of 43 customers per day and utilization is 90%.
Expected Demand=70%= 70 ÷ 100 = 0.70
Current utilization = 90% = 0.90
Let Capacity requirement = X
Capacity requirement ÷ required utilization = Expected Demand rate × current service rate ÷ current utilization rate
X ÷ 0.92 = 0.70 × 43 ÷ 0.90
X = 0.70 × 43 ÷ 0.90 × 0.92
= 30.76 or 31
Needed capacity requirement is 31 customer per day.
