The answers here would probably be B. and D. When you have a college degree, you make more money and you often have more job security, but there aren't any tax exemptions, and consumer decision making isn't effected<span />
Answer:
should be equal to their marginal revenue product.
Explanation:
This applies to basically all employees that work in competitive markets, their salaries should equal their marginal revenue product.
An employee's salary = the market value of hiring the employee = marginal revenue product
The formula for calculating marginal revenue product = marginal physical product x marginal revenue
where:
- marginal physical product = extra units produced by the employee
- marginal revenue = price of the units produced
For example, a new employee can produce 100 units per day and each unit is sold at $0.75, therefore the employee's marginal revenue product = 100 units x $0.75 per unit = $75 per day
Answer:
The largest revenue the supplier can make under this deal is $24,151.2
Explanation:
Working file has been attached to help understand how the answer was derived. Some points to note in the sheet are:
- The sheet represents the following columns which are S. No., Chairs, Price, Total Revenue and difference in each revenue.
- As the no. of chairs rises the price is dropping by $0.2 in the entire order.
- However, at first this increase in order of chairs is beneficial even with the drop in the price of entire order.
- At the point, where chairs ordered are 348 and price is $69.4 the revenue is at its largest which is $24,151.2.
- After this point the increase in the no. of chairs is only decreasing the overall total revenue of the supplier.
Answer:
The Reserve Bank's responsibilities include formulating and implementing monetary policy, promoting financial stability, issuing banknotes, providing banking services to government, operating the high-value payments system, managing Australia's foreign reserves and setting payments system policy.
Answer:
Shift outwards.
Explanation:
The production possibilities frontier or curve is the curve that shows various combinations or bundles of goods that an economy produces by using its all resource and if there is any point inside the curve then it will depict the inefficiency or underutilization of resources. Moreover, the PPF curve shifts outwards when there is an improvement in technology, due to which the output has increased. Similarly, the increase in output due to labor productivity will result in the rightward shift in the PPF curve.
