If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.
<h3>What is Labor productivity?</h3>
Labor productivity is use to measure the output of a labour based on hourly basis.
Labor productivity is usually determined by the amount of Capital that is investment. This include technological and human capital.
Therefore, If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.
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brainly.com/question/2992817
Answer: False
Explanation:
Different departments incur different types of costs based on the product that they are producing. It would therefore not be right to use the same rate for all departments as it might capture cost inadequately.
The overhead rate should always take into account the unique circumstances of a department such that costs can be assigned as accurately as possible.
Answer:
The correct answer is option B.
Explanation:
A firm sells a product in a purely competitive market.
The marginal cost of the product at the current output of 200 units is $4.00.
The average variable cost is $3.50.
The market price of the product is $3.00.
The market price is not covering the average variable cost. In this situation, the firm must be incurring losses. To minimize losses the firm should produce less than 1,000 units at the point where marginal cost is equal to market price and the average variable cost is being covered.
