Answer:
a. What is the MRP?
marginal revenue product = marginal product of labor x marginal revenue per output unit
MRP = 1,500 packages x $0.10 per package = $150
marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)
The company should add the delivery truck because MRP is higher than MRC.
b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?
MRP = $150 (doesn't change from question a)
MRC = $200 (the cost of renting the delivery truck)
The company should not add the delivery truck because MRP is less than MRC.
c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?
MRP = 750 packages x $0.10 per package = $75
MRC = $100
The company should not add the delivery truck because MRP is less than MRC.
Answer:
Goal is a set target that a person wants to achieve, while Aim is the determined course a person sets to achieve a target.
Answer:
both measures that can be used to measure standards of living because they are both measures of how much money people have.
Explanation:
I hope this helped
It is estimated that it could take up to 1 hour <span>for your liver to get rid of the alcohol in one standard drink.
Mostly, the alcohol is dumped out through your sweat, urine, or respiratory process. This amount of time to get rid of a substance is considered really dangerous because it put a lot of stress to your liver.</span>
Answer:
Answer is option d, i.e. evaluative criteria.
Explanation:
In marketing when the customer takes a decision about buying a new product, he/she has some predetermined standards or benchmarks that he/she has established to make the correct decision in his/her buying process. Here, Freddy is purchasing a new car, and he has set standards like gas mileage, price, reliability, and styling. These standards or attributes are known as Evaluative criteria.