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Natalija [7]
3 years ago
15

Additional workers will increase a company's to a certain point until gains frombegin to decline. At this point, will continue t

o increase, but ___________ will diminish with each additional worker. Eventually there will be too many workers and not enoughto keep them busy inevitably slowing down production.
Business
1 answer:
Lana71 [14]3 years ago
6 0

Answer:

Marginal product

Explanation:

There would be an increase in the marginal product of labour. more workers would result in more specialization in skilled areas. As workers increase, it is expected that work done would rise also.

Such that a time would come when the workers would be enough and no more gains would be accrued from specialization. We refer to this as the point of diminishing marginal product. capital would be fixed such that as more workers are used capital declines for each worker.

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A consumer values a house at $525,000 and a producer values the same house at $485,000. If the transaction is completed at $510,
Natali5045456 [20]

Answer:

the options were missing:

  • a tax of $9,000
  • a tax of $14,000
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the answer is a tax of $18,000

Explanation:

in this case, the seller surplus = $510,000 - $485,000 = $25,000, while consumer surplus = $525,000 - $510,000 = $15,000

Taxes decrease consumer surplus, but consumers are still willing to purchase goods if the price of the goods plus the taxes is equal or less to the maximum price that they are willing to pay. But $510,000 + $18,000 = $528,000 which is higher than $525,000

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