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Westkost [7]
3 years ago
7

Labracorp is looking to hire an unknown number of workers. jim wants to be one of those workers. what information would labracor

p need in order to make a rational economic decision regarding jim's employment?
Business
2 answers:
Lilit [14]3 years ago
7 0

Jim will need to give Labracorp a reason to hire him. Jim will need to meet the qualifcations for the position and Labracorp will want to make sure Jim will be able to provide them a return on their investment from hiring him. Jim will need to be able to make Labracorp happy that they hired him to complete the job the need to fill. When a company hires a person for a role, it's because they believe they will work hard to fufill what is needed.

lys-0071 [83]3 years ago
6 0
<span>The answer is if Jim's marginal revenue is greater than his marginal cost.
Marginal revenue refers to the value that will Jim give to the company if the company decided to employ Jim. (how much profit he will create for the company)
The marginal cost on the other hand refers to the value that company must sacrifice in order to keep him working (the salary and benefit)</span>
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If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00
Eduardwww [97]

Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit

Explanation:

According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.

If 45 workers are hired, they would cost:

= 45 * 105 per worker

= $4,725

Added to the fixed cost, the total cost would be:

= 4,725 + 1,500

= $6,225

The profit would be:

= Revenue - cost

= 7,425 - 6,225

= $1,200

3 0
3 years ago
Lachlan Stuart is employed by International Paper, a company that values his vision and creativity. To stay ahead in a very comp
Sveta_85 [38]

Answer: c) intrapreneur

Explanation:

Intrapreneur is the person who who belongs to a large firm and acts in the manner of entrepreneur to make innovative development ideas for any project .They help in promotion of production and innovation along with taking measures for functioning in organization.

According to the question,Lachlan Stuart is an intrapreneur who is an employee in a company .He is responsible for methods and ideas development to be ahead of other competing firms.

Other options are incorrect because in-sourced entrepreneur, corporate entrepreneur and multipreneur are not the way in which a person acts like an entrepreneur even through he/she is working for a firm.Thus, the correct option is option(c).

8 0
3 years ago
Question 7 of 10
joja [24]

Answer:

B. the set of plans for product, price, place, and promotion that the marketer will use

4 0
2 years ago
According to Douglas McGregor, team members that require supervision, direction and threat of punishment for non-compliance are
antoniya [11.8K]

Answer:

Theory X employees

Explanation:

Douglas McGregor formulated or constructed Theory X as well as Theory Y, which suggest or states two aspects of human behaviour at the work.

In short, 2 different views of the employees or individuals, one which comprise of negative aspects or views is the Theory X, and other one is Theory Y, which comprise of the positive aspects and the views of the people and employees.

So, in this case, the team members who need the supervision, threat of punishment and direction for the non - compliance will be the Theory X employees as it contain the negative aspects.

5 0
3 years ago
Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.)
Mila [183]

Answer: Cost of Goods sold

Explanation:

Common size analysis refers to making all entries in the income statement, a percentage of sales for that year.

Current Year                                                      Prior Year

Sales                                      100%                           100%

Cost of Goods sold               75.7%                          46.5%

Gross Profit                            24.3%                          53.5%

Operating expenses             17.3%                             35%

Net Income                              7.0%                            18.5%

<em>Looking at the percentages above, one can see that the COGS increased the most from the previous year by going from 46.5% to 75.7% representing an increase of 29.2%.</em>

<em>This had the most impact on Net income as it substantially reduced Gross profit. </em>

8 0
3 years ago
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