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scZoUnD [109]
3 years ago
6

In a Cobb–Douglas production function the marginal product of labor will increase if:

Business
1 answer:
KengaRu [80]3 years ago
3 0

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The rise in the labor workforce would raise the productive output of capital in a specific Cobb – Douglas output method, and it will raise the actual rental price of resources.

The gross amount of capital would also rise in the output of Cobb-Douglas if the volume of labor grows.

Under this function, human capital will help in the production of the product, human capital and marginal production are directly proportionate to each other.

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What's an assembly line for business and what does it do? ​
algol [13]

Answer:

An assembly line is basically just a series of workers who assemble identical items in a line. One of the first uses of the assembly line was in Henry Ford's car factory.

3 0
3 years ago
Which of the following types of value chain processes directly creates and delivers goods and services to customers?
ddd [48]

Answer:

option D

Explanation:

the correct answer is option D

in a chain process which directly creates and delivers goods and services to the customer is known as a Core process.

Support process does not create any product or services it only assists in the execution of the process.

management process deals with planning, organizing and controlling.

hence, the correct answer is Core process.

7 0
3 years ago
Exhibit 4-9 Price of Good X Quantity Demanded Quantity Supplied $10 220 90 11 200 100 12 180 130 13 150 150 14 120 190 15 80 260
Vsevolod [243]

Answer:

The market of good X will experiment a decrease of 50 units in the untis available as will drop to 100 units from 150

Explanation:

Price Qd Qs

10       220 90

<em>11       200 100</em>

12        180  130

<em>13        150 150</em>

14        120 190

15        80 260

At a celling of $11 dollars the people would demand for 200 untis but suppliers will only be willing to produce and sell 100 untis.

The equilibrium price of $13 match for 150 units

Therefore,the decrease will be 50 units

5 0
3 years ago
In their pursuit of profits, entrepreneurs act in ways that reduce discriminatory wage differentials. There are times, however,
sammy [17]

Answer:

C) The government bans the hiring of workers with brown eyes.

Explanation:

A competitive market can eliminate wage differentials if firms are allowed to act in their self-interest without government intervention. However, if the government steps in and declares a ban on the hiring of brown-eyed people, there isn't really anything that firms can do, even if they want to hire people with brown eyes. This situation would effectively lower the brown-eyed workers' wages to zero, because they now are unemployed and banned from finding employment.

The only option firms that still want to hire brown-eyed people is to resort to illegality, and hire people outside government authorization, but this entails risks, and not many companies are likely to take that kind of measure.

5 0
3 years ago
What is true about credit unions
Ainat [17]
They give you loans
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8 0
3 years ago
Read 2 more answers
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