The value of the VMP are 600, 570, 540, 510, 480, 450. The total workers to be hired are 4 workers because MRL > wage.
<h3>How to solve for the VMP</h3>
= MP * selling price
- 20 * 30 = 600
- 19 * 30 = 570
- 18 * 30 = 540
- 17 * 30 = 510
- 16 * 30 = 480
- 15 * 30 = 450
This has been computed in the excel file that I have attached to the question.
2. A competitive firm is going to have to hire when the wage is equal to MRPL or MRPL is greater than the wage
based on this the labor of the firm would be at 4 units.
3. Four workers are going to be hired based on the fact that the marginal revenue of the added labor is more than the wage that was paid for the work done.
Read more on marginal revenue here:
brainly.com/question/13444663
#SPJ1
Employment, inflation, productivity, and taxes and interest rates.
From those four I'd say the first three but taxes and interest rates are also important in certain cases as for purchasing but for working too!
Answer:
The correct word for the blank space is: display it.
Explanation:
There are two levels of acting at work: deep level and surface level. Deep level implies recreating an emotion experienced so the acting can be displayed naturally. On the other hand, surface-level acting refers to faking the emotion to be displayed which could represent a psychological challenge for the worker.
Answer:
change in the price level only causes a movement along the curve.