Answer:
No, these two rules are not inconsistent.
Explanation:
A profit-maximizing firm will hire the number of workers such that the wage is equal to the value of the marginal product of labor.
But, a profit-maximizing firm will also produce the quantity of output at the level where price equals marginal cost.
But this does not mean that these two rules contradict or are not consistent. Hiring workers at the level where their wage is equal to the marginal product of labor helps the firm in reaching the point where the price of the product is equal to the marginal cost of production.
Answer:
This is an example of shoe-leather costs of inflation.
Explanation:
In this case, local currency looses its value so quickly that <u>Lorenzo is doing a great efford to mantain the value of his work.</u> Then we can refer to shoe-leather cost of inflation, which is related to cost of time and effort that Lorenzo spend trying to avoid the lost of purchaising power.
Answer:
Comparability means using the same accounting principles from year to year within a company.
Explanation:
Comparability is a term often used in accounting operation to describe the degree or level to which the information shown in the financial statements of a particular company is relative or comparable with other various companies, over a given period of time.
Hence, in this case, the correct answer is "Comparability means using the same accounting principles from year to year within a company." Because the statement is not CORRECT.
Three numbers are in the ratio of 3:5:7. If the largest number is multiplied by 3, the result is 26
more than the sum of the first and second numbers. Find the numbers
Answer:
The sales department
Explanation:
The success of the business depends on the sales department. The sales department is the link between the company's product and the consumer. Since salespeople have direct contact with the customers on daily basis, they become important to personal information that helps make sales interactions friendly and smoothly. The manger of the sales department is the one making a bad decision, since he is head of the department. Not granting source training will affect the company.
