The correct answer is- the MRP exceeds the wage rate.
<h3>How does MRP influence wage rates?</h3>
Basic economic theory suggests that wages depend on a worker's marginal revenue product MRP. (this is basically the value that they add to the firm which employs them.)
MRP is determined by two factors: MPP – Marginal physical product – the productivity of a worker.
<h3>What factors increase wages?</h3><h3>Productivity:</h3>
Wage increase is sometimes associated with increase in productivity.
Workers may also be offered additional bonus, etc., if productivity increases beyond a certain level.
Learn more about MRP and wage here:
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Answer:
The correct answer is: so high.
Explanation:
The price of advertisement follows the demand and supply fluctuations. When demand increases, so does the price and, when demand decreases, so does the price. Several factors influence an increase in demand. In this case, the reason why a 30-second <em>announcement costs more</em> during major events such as the World Cup relies on the massive increase in the audience during this popular event. The high costs companies incur in promotions are supposed to be offset with the revenues it generates after having millions watch their products.
All of the states participated
The correct answer to this open question is the following.
Although the question is incomplete because it has no specific reference to any information or text, we can say the following.
Probably, the question refers to the author called Brooks, who expresses his arguments supporting Capitalism and the free enterprise system as the better form of an economic system. As he is a firm believer in the free enterprise system, his thoughts are biased.
So to have a better perspective, we need at least, another source on the subject. That is why I did my research and found a book that seems to be a good source of the free enterprise system. It is called "Capitalism and Freedom," written by economist Milton Friedman.
Answer:
the answer could be both yes and no. it depends on the industry and the level of the manager.
Explanation:
Managers in the tech-savy or manufacturing industries spend almost an equal amount of time with both employees, machinery and systems while managers in the services industries such as banking, finance, marketing spend most of their time among the employees and clients.
However, regardless of the industry, people management is the most critical and the vital part of a manager.