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Cloud [144]
3 years ago
13

A local portrait photographer currently employs 2 helpers for the busy Fall season. With two helper she can produce 450 packets

of Senior portrait proofs a month. She estimates that if she hires a third helper, she'll be able to produce 600 packets in the same amount of time. The marginal product for the third worker is:__________
Business
1 answer:
Cerrena [4.2K]3 years ago
6 0

Answer:

The marginal product for the third worker is 150 packets

Explanation:

Marginal product is the change in the output of a firm as a result of an additional input or factor of production. These additional inputs may include materials, labor etc.

The Marginal product for the third worker can therefore be calculated as

change in Total product / change in labour

change in total product = New packets of senior portrait -  old packets of senior portraits ( 600 - 450) =   150  

change in labour ( 3 - 2 ) = 1  

150/1 = 150 packets

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3 years ago
If a manufacturing plant that employs 20% of the local labor force closes, the likely effect on the area’s real estate values
love history [14]

Answer:

Supply and demand

Explanation:

First is important to remember the supply and demand principle. We can analyze this by the law of supply and demand.

The law of supply states that "the quantity of a good supplied rises as the market price rises, and falls as the price falls".

Conversely, the law of demand says that "the quantity of a good demanded falls as the price rises, and the quantity of a good increase as the price decrease".

For this case if the manufacturing plant close 20% of the people in the area will not have a job and the prices of the real state values will tend to decrease and if the prices decrease the quantity falls from the supply law.

 

6 0
3 years ago
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jolli1 [7]

microcredit

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4 0
2 years ago
When a manager deciding how to most fairly identify internal candidates for a promotion she is making a __________.
s2008m [1.1K]

Answer:

A) <em>a moral judgement.</em>

Explanation:

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7 0
3 years ago
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sammy [17]
There are many types of investments. Some of them the given types of investment in the list.
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<span>They are the most volatile and profitable class of investment.
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C. Staring a business - this is not an investment, but a whole process that needs investments to be realized.
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8 0
4 years ago
Read 2 more answers
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