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Citrus2011 [14]
3 years ago
8

On a total product curve with labor on the horizontal axis, the inflection point represents the quantity of labor where

Business
1 answer:
emmainna [20.7K]3 years ago
3 0
The appropriate response is the marginal product of labor is at its most elevated. In financial aspects, the marginal product of labor (MPL) is the adjustment in yield that outcomes from utilizing an additional unit of work. The minimal result of an element of generation is by and large characterized as the adjustment in yield-related with an adjustment in that component, holding different contributions to creation steady.
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Cogswell Corporation is considering how to price their patented mega-cogs. It knows that if it prices each widget at $50 then th
allsm [11]

Answer: $25

Explanation:

Total revenue, at price = $50

Total revenue = price × units sold

                       = $50 × 0

                       = 0

Total revenue, at price = $45

Total revenue = price × units sold

                       = $45 × 1

                       = $45

Total revenue, at price = $40

Total revenue = price × units sold

                       = $40 × 2

                       = $80

Total revenue, at price = $35

Total revenue = price × units sold

                       = $35 × 3

                       = $105

Marginal revenue of third unit = \frac{Change\ in\ total\ revenue}{change\ in\ units\ sold}

                                                    = \frac{105 - 80}{3 - 2}

                                                    = $25

5 0
3 years ago
Suppose that ward was an independent consultant for taser international, as well as for several other firms that developed produ
andrew11 [14]

Answer:

b. probably not, although most of the duties agents owe to their principals could apply, such the duty to maintain confidentiality.

Explanation:

Ward may probably not have been subjected to the same duties that full-time taser employees have with respect to their employer (the principal), although most of the duties agents owe to their principals could apply to him, such as the duty to maintain confidentiality.

Thus, Ward is required by rules and regulations of Taser international to always maintain confidentiality in his operations without divulging sensitive information to other people.

6 0
3 years ago
The differences in menu items in mcdonald's restaurants around the world is a counterexample to what potential consequence of gl
Daniel [21]

Answer:

consumer culture

Explanation:

Consumer culture correlates social values, ethnic status and social activities with the consumption of goods and services.

The concept behind consumer culture is to link the eating and consuming habits with that of social lifestyle. Taking McDonald's as an example, it is pertinent for a global corporation to respect religious and social limitations of its consumers. As a result of this, we see different menu all over the world. The example is McDonald's does not offer beef burgers in India.

6 0
3 years ago
Five friends are going to the theater. they have purchased a row of five seats with an aisle on either end. james doesn't want t
Mandarinka [93]
Jill, Betty, Herb, James, Bob
7 0
3 years ago
Assume that candle wax is traded in a perfectly competitive market in which the demand curve captures buyers’ full willingness t
lutik1710 [3]

Answer:

kept the same in order to achieve allocative and productive efficiency.

Explanation:

Full production means that employed resources are providing maximum satisfaction for our material wants. Full production implies two kinds of efficiency: 1. Allocative efficiency means that resources are used for producing the combination of goods and services most wanted by society

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3 years ago
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