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stiv31 [10]
3 years ago
15

Please help!!!

Business
2 answers:
Helga [31]3 years ago
3 0

Answer:

idk

Explanation:

idk

inna [77]3 years ago
3 0
Discussions a little bit blurry are you able to discuss it more with me
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When a firm uses unit production, a _______ structure with a _____ managerial span of control is most appropriate?
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3 years ago
A manager of a perfectly competitive firm observes that the marginal product of labor is 5 units per hour, the marginal product
oksian1 [2.3K]

Answer:

The manager should hire <u>more labor</u> and <u>rent less capital</u>.

Explanation:

Given:

MPL = Marginal product of labor units per hour = 5

MPC = marginal product of capital units per machine = 40

PL = Wage per hour = $20, or 20

PC = Rental price of capital per machine = $120, or120

Po = Price of output per unit = $5

The condition for the profit maximization for a firm is as follows:

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From equation (1), we have:

MPL / PL = 5 / 20 = 0.25

MPC / PC = 40 / 120 = 0.33

Since 0.25 = MPL / PL < MPC / PC = 0.33, it implies that these conditions are NOT consistent with equation (1).

In order to maximize profit, more labor should be hired while less capital should be rented until these conditions are consistent with equation (1).

Therefore, we have:

To maximize profit, the manager should hire <u>more labor</u> and <u>rent less capital</u>.

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Consumer protection laws are meant to
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<span> Consumer protection laws are meant to protect the rights of consumers. These laws are designed by the government and enforced to make sure consumers aren’t taken advantage of. These laws will allow consumers to know what is put in products, how they are made, and making sure the products are up to health codes. </span>
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Answer:

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So as per the given situation, the last option should be correct

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Answer:

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