WE assume that when a firm hires additional workers, the marginal physical product of labor will decrease. Why? Because more people will be added in a certain firm. Thus the resources will be divided to more people now and the money will also be divided to them
The selling price per hat is mathematically given as
S=$62
<h3>What is t
he selling price per hat?</h3>
Direct labor hours required to produce first 100 hats=10hr
Direct labour cost =20hr*60$/hour = $1200
Other Direct cost =100hats*19$/hat = $1900
Total Direct cost. = $3100
Selling price is 200% of Direct production cost
$3100*200% = $6200
The selling price per hat = $6200 / 100hats
The selling price per hat = $62
In conclusion, The selling price per hat = $62
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I personally don't like them AT all
You should always decorate around your clients needs and wants. The client is the most important.
Answer:
This example shows that one of the reasons to study marketing is that it is a part of everyday life.
Explanation:
Marketing can be defined as the process through which products reach from concept to the customers. It involves the process of studying, observing and understanding the market. Market research is done to understand the needs of consumers.
There are a number of reasons it is beneficial to study marketing. For instance,
- We often come across marketing in daily life.
- Marketing graduates get a good salary.
- There is always a demand for marketing experts.
- It is a diverse career choice and provides jobs in a number of fields.