1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
elena-14-01-66 [18.8K]
3 years ago
12

Oscar's Flower Shop maximizes profits by hiring four workers in a perfectly competitive labor market. The workers and their valu

e of the marginal product of labor are Noe, $40; Barbara, $35; Calvin, $27; and Diana, $15. According to the marginal productivity theoryof income distribution, which of the following statements is TRUE?
Business
1 answer:
Irina-Kira [14]3 years ago
6 0

Answer:

In equilibrium, each worker is paid his or her value of the marginal product of labor.

Explanation:

Here are the missing option of the question:

  • In equilibrium, each worker is paid his or her value of the marginal product of labor.
  • Each worker is paid a wage equal to the highest value of the marginal product of labor(i.e., $40)
  • Each worker is paid $15.
  • We need to know the product price before we can figure out the wage rate.

As per marginal theory of productivity of income distribution, Income of each factor production is equal to its marginal productivity.

Marginal productivity is one additional unit of production by one unit additional unit of factor, which bring changes in total production. Firm hire labor till marginal revenue product of labor is more than wage rate of labor. The point at which Marginal revenue product of labor is equal to wage rate labor is the labor market equilibrium.

You might be interested in
The price of a Honda Accord
Sindrei [870]

Answer:

d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.

Explanation:

In domain of economics, nominal varable are value that can be measured in terms of it's monetary value of the price that exist at that particular period of time. For instance blood type and genotype.

real value on the other hand is been measured based on goods/services, it's is the value even when inflation has set in.

3 0
2 years ago
Which tax is normally associated with an individual's death? excise tax consumption tax federal estate tax ad valorem tax?
photoshop1234 [79]

The tax associated with an individual's death is federal estate tax

3 0
2 years ago
Company XYZ is looking for a Finance/Accounting intern. The student filling this position will handle a wide range of important
Inga [223]

Answer:

[Today’s Date]

[Hiring Manager]  

[356 Company Address]  

[City, State xxxxx]  

Dear [Mr./Mrs./Ms.] [Name],  

Endless supply of your posting for a Finance Intern, I was anxious to present my resume for your survey. With my strong comprehension of money related arranging and examination picked up all through my instructive foundation—just as my complete capacities when all is said in done business organization and group joint effort—I feel sure that I would fundamentally profit your organization in a temporary position job.  

In getting ready to get my MBA Degree in Finance this spring from the University of XYZ I have gained an expansiveness of information and aptitudes in subjects including money related administration, speculation systems, statistical surveying and examination, business morals, bookkeeping, and operational oversight. My tender loving care and phenomenal relational aptitudes, alongside my synergistic and expert mien, position me prepared to make a considerable commitment to your association.  

My capabilities for this job incorporate the accompanying:  

  • Getting ready to exceed expectations in pivoting between cross-utilitarian money related divisions and groups to increase basic introduction to all features of the fund area while at the same time conveying key research and venture backing to drive achievement.  
  • Exceeding expectations as a gainful cooperative person, imparting thoughts and data and conveying eloquent and brief introductions and reports.  
  • Showing capability in money related research and inside and out information examination, alongside the most elevated levels of association, self-activity, and group coordinated effort.  
  • Acquiring various authority and educational honors because of extraordinary execution; graduating in top 10% of class.  
  • Accomplishing capability in Microsoft Word, Excel, PowerPoint, and Outlook, just as QuickBook's and SAP.  
  • Exceeding expectations as a beneficial cooperative person while additionally utilizing self-inspiration abilities to flourish in autonomous workplaces.  

With my ongoing scholastic involvement with account, combined with my energy and commitment to making progress, I trust I will quickly outperform your desires for this job. I anticipate examining the situation in further detail.  

Much obliged to you for your thought.  

Truly,  

XYZ

3 0
3 years ago
Which of the following, if true, would most weaken the argument that Fony Corp. should upgrade its technology?A) Employees fear
jarptica [38.1K]

Answer: E - The technology which the company is considering adopting was recently developed and has not yet been successfully implemented in a real business context.

Explanation: the company would be able to recover the cost of adoption of the new technology . This strengthens the argument that the upgrade should take place.

The new technology would improve cost of production and efficiency. This strengthens the argument that the upgrade takes place.

Because the upgrade hasn't been successfully tested, it might have an unintended negative impact which would erode all the benefits of the upgrade

4 0
3 years ago
Ejercicios para la actividad 7.
yanalaym [24]

Answer:

i hope all are safe and gappy in this time take care of youreself also health first thsn any work

6 0
2 years ago
Other questions:
  • Olden Company has provided the following information for this month: Sales Price $50 per unit Variable COGS $13 per unit Fixed C
    8·1 answer
  • What is customer service? A. interacting with customers B. interacting with employees in a company C. researching people’s wants
    9·2 answers
  • Robert steals a truckload of plasma televisions that belong to Karson Electronics Store. He then resells it to Stu-Mart, which i
    13·1 answer
  • Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance
    13·1 answer
  • A customer wishes to open an account to fund payment of private middle school tuition. If the customer does not wish to deposit
    6·1 answer
  • The ledger of Shamrock, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries.
    10·1 answer
  • "Cincinnati Supply, Co. is a local supplier to the Kraft Heinz Company, which is the third-largest food and beverage company in
    15·1 answer
  • Which of the following describes PLUS loans? O Loans that are taken out by parents and have high interest rates
    12·1 answer
  • what document explains your rights and responsibilities as a federal student loan borrower? your master promissory note your bil
    9·1 answer
  • An individual with $32.000 in taxable income pays $970 for the 10% tax bracket, and $2,676 for the 12% bracket. What is the over
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!