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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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Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets
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Answer:

The correct answer is $33,880.

Explanation:

According to the scenario, the given data are as follows:

Direct labor = $5.60 per unit

Actual level of Activity = 6,050

So, we can calculate the direct labor in planning budget by using following formula:

Direct labor in planning budget = Actual level of Activity × Direct labor

By putting the value, we get

Direct labor in planning budget = 6,050 × $5.60

= $33,880

Hence, The direct labor in the planning budget for May would be closest to $33,880.

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2 years ago
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Answer:

I would say go for it

Explanation:

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3 years ago
Explain how firms decide how much labor to hire to produce a certain level of output
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The firms focus on improving marginal returns. Apart from this, they focus on specialization which increases the output. The amount of labor the firm plans to hire depends on the level of output it requires. The firm keeps adding new workers until output reaches its crest or peak.

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3 years ago
You own 200 shares of Loner stock. The firm announced that it will be issuing a dividend of $.20 a share one year from today fol
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Answer:

value of your total investment income   362.80

Explanation:

The computation of the value of your total investment income in two years is shown below

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value of your total investment income   362.80

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