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Nutka1998 [239]
4 years ago
7

The demand for labor depends primarily on the additional output produced as a result of hiring an additional worker and A. the a

dditional revenue received from selling the output produced as a result of hiring an additional worker. B. the number of workers willing to produce the additional output. C. the payment made to the worker for producing the additional output. D. the elasticity of demand for the output produced by the worker.
Business
1 answer:
7nadin3 [17]4 years ago
7 0

Answer:

The correct answer is option A.

Explanation:

The demand for labor is said to be a derived demand as it is derived from the demand for products being produced using labor. It depends on the marginal productivity of labor and marginal revenue product of labor.

In other words, we can say that the demand for labor depends on the increase in the output produced due to hiring an additional unit of labor and the revenue earned from the sale of that additional output.

The demand curve of a firm is also called its marginal revenue product of labor curve. The marginal revenue product of labor is equal to the marginal product of labor times output price.

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The law of supply relates to opportunity cost because:__________
uranmaximum [27]

Answer:

both options are the same.

A) The opportunity cost to suppliers is the value of the next-best alternative they had when they supplied that good.

or

G) The opportunity cost to suppliers is the value of the next-best alternative they had when they supplied that good.

Explanation:

The law of supply states that the opportunity cost of a supplier not supplying the product will increase as the price of the product increases, therefore the supplier will be more likely to supply the product. As the price of the product decreases, the opportunity cost of not supplying the product also decreases, therefore, the supplier will be less likely to supply the product.

4 0
3 years ago
Read 2 more answers
Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost aver
marshall27 [118]

Answer:

The question is missing the below options:

$0.

$150.

$300.

$900.

$1,200.

The answer to the question is $300

Explanation:

In determining the amount of non-value adding cost,Flagler number of hours used in setup process is compared to that of its competitor.As a result of comparison, it came to light that Flagler used two more hours in setup process.

The extra hours do not necessarily make Flagler better,instead it makes worse off, as extra $300(2hrs*$150) would have to be incurred without any benefits derived.

This extra costs that do not make the organization better off and  do not add value,so it the non-value adding costs.

(8hrs-6hrs)*$150=$300

3 0
3 years ago
8.<br> Which of the following features are unique to a page border?
jek_recluse [69]

Answer:

the answer is border setting

4 0
3 years ago
In a team that follows agile, how would a team member know what others are working on? 1. The Product Owner and the Facilitator
MaRussiya [10]

Answer:

Option 3 is the correct answer.

Explanation:

  • An agile operating paradigm corresponds to their functioning style, whereby the guidelines, like other types of functioning models, do never remain static in all situations but adjust appropriately to the conditions that occur as the research starts.
  • For all-inclusive marketing, the guidelines are also not strict and will concentrate mostly on design specifications.  

The other alternative in question is not linked to the specified scenario. So Option 3 is the best one.

8 0
3 years ago
Richard Simmons, a sales rep for a firm that makes a line of pumps for keeping construction sites dry, has just been contacted b
Finger [1]

<em>The best source of information about pre-approach would be the </em><em>production foreman</em><em> who</em><em> spoke with Simmons</em><em> before he scheduled a meeting with the purchasing agent.</em>

<em />

In the manufacturing sector, a production foreman oversees the daily activities and workflow of a production environment. This person may exercise varying levels of supervision, handle particular obligations or take on a variety of tasks.

<h3>What exactly does a production manager do?</h3>

Planning, directing, and coordinating activities in a manufacturing or industrial plant environment are the responsibilities of a production foreman.

<h3>What exactly does a purchasing agent do?</h3>

When selecting suppliers and products, purchasing agents and buyers take into account pricing, quality, availability, dependability, and technical support. Buyers and purchasing representatives purchase goods and services for businesses to utilize internally or to market. They examine the quality of the items, negotiate contracts, and assess suppliers.

learn more about production manager here <u>brainly.com/question/15561662</u>

#SPJ4

6 0
2 years ago
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