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ira [324]
3 years ago
8

According to the marginal productivity theory of income

Business
1 answer:
Anna71 [15]3 years ago
5 0

Answer:

The income received by an individual who supplies labor services equals the incremental benefit generated to the firm by the individual´s labor

Explanation:

The marginal productivity theory of income or wages states:  firms pay a salary that is equal to the extra benefit a (that is why is marginal; an extra unit in this case is an extra unit of labor) worker represents in output of production. In other words, if the firm employees a new worker, its salary would be equal to the extra output produced by him or her (marginal product of labor). Because of this, wages depend on the production function each firm has. The mathematical formula to get the marginal product of labor is: dF/dL, where F is the production function and L represent labor in it.

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Based on the story above, the stage of business buying process is (C) general need description. It is because in the story above, the company only seeking a new supplier for the wool and tell about company's need.

In economics and business, Business buying process generally can be defined as the process where business buyers determine which services and also products are needed to purchase. In the steps of business buying process, the company will find the suppliers to buys the materials, and then evaluate, and choose among alternative brands.

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Here you can learn more about Business buying process brainly.com/question/12496760

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1 year ago
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Airida [17]
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3 years ago
Tgif. chris and terry have been trying to live within their budget but miss going out to dinner on friday nights. they decide no
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45 quarters +120 dimes  = 165 coins

45(.25) + 120(.05) =

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6 0
3 years ago
Petrus Framing's cost formula for its supplies cost is $1,920 per month plus $11 per frame. For the month of March, the company
Brut [27]

Answer:

Total variance= 391 unfavorable

Explanation:

Giving the following information:

Petrus Framing's cost formula for its supplies cost is $1,920 per month plus $11 per frame. For March, the company planned for activity of 632 frames, but the actual level of activity was 639 frames. The actual supplies cost for the month was $9,340.

Estimated= 1,920 + 639*11= 8,949

Real= 9,340

Total variance= real - estimated

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Read 2 more answers
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