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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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Fixed costs can be defined as costs thatGroup of answer choicesvary inversely with production.vary in proportion with production
Sholpan [36]

Answer: are incurred even if nothing is produced.

Explanation:

Fixed costs are referred to as the cost that doesn't vary with the production level. Even if the company doesn't produce anything, the fixed cost will still be incurred.

The fixed cost is different from the variable cost which is the cost that varies along with production. Examples of fixed cost include salaries, rental lease payments, salaries, etc.

8 0
3 years ago
Why do businesses think that money in their bank accounts is part of their cash total?
Brums [2.3K]

Answer:

Because liquid assets are a part of the entire wealth/value of a company.

Explanation:

If Jeff Bezos has 60 billion of dollars worth of assets like buildings and physical investments, that isnt his total wealth, you have to count in his liquid cash as well.

7 0
3 years ago
Omni Insurance Company violates a state licensing statute when selling an insurance policy to Petra, in whose state Omni is not
sineoko [7]

Answer:

b. enforce the policy or recover the amount of the premiums paid.

Explanation:

Petra being a a member of the class of persons protected by the statute is a big advantage. This translates to lesser or no punishments at all for defaulting the set rules and protocols of insurance in his/her state.

This means Petra can either enforce the law as a top person or recover the amount of premiums paid.

7 0
4 years ago
Sheridan Company developed the following data for the current year:
yulyashka [42]

Answer:

Ending work-in-process inventory  is $816,000

Explanation:

Work in process Inventory is the inventory which is in the production process.

Cost of Good Manufacture = Total Manufacturing costs + Beginning work-in-process inventory - Ending work-in-process inventory

$264,000 = $780,000 + $300,000 - Ending work-in-process inventory

$264,000 = $1,080,000 - Ending work-in-process inventory

Ending work-in-process inventory  = $1,080,000 - $264,000

Ending work-in-process inventory  = $816,000

4 0
4 years ago
Read 2 more answers
Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate inflation in the cost of go
sdas [7]

Answer: The quality and design of calculators improved dramatically from 2014 to 2016.

A new, safe method of memory enhancement became available for purchase.

As the price of textbooks increased, more and more students turned to the used-book market or chose not to buy textbooks at all, instead using the copies on reserve in the library.

Explanation: If textbook price increases , it might overstate the inflation in cost of going to college.

A new safe memory enhancement will be costly because of it's superior quality and technological progress.

Similarly , new calculator will also be improved and superior.

<em><u>Thus, the survey will reflect higher prices,</u></em>

<em><u></u></em>

6 0
3 years ago
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