1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Mama L [17]
3 years ago
10

Explain how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is

related to the value of its marginal product, and how a firm's value of marginal product is related to its demand for labor
Business
1 answer:
Ghella [55]3 years ago
7 0

The price paid to each factor adjusts to balance the supply and demand for that factor. Because factor demand reflects the value of the marginal product of that factor, in equilibrium, each factor is compensated according to its marginal contribution to the production of goods and services.

<h3><u>Explanation:</u></h3>

The incremental profit that is being earned for an additional single unit by subtracting the price of the product and all the variable cost that is associated with that product is the marginal contribution. It is the earnings that is obtained in total for paying all fixed expense and also for the profit generation.

The price that is spent for the every factor in order to adjust balancing the supply and demand of that particular factor. This is because of the reason that, the value of the marginal product of any factor is controlled by the demand factor. Thus in an equilibrium state there will be a compensation of each factor based on the marginal contribution to the production of goods and services.

You might be interested in
Why can wholesalers afford to offer trade discounts?
wariber [46]

Answer:

Wholesalers buy products from manufacturers at a lower price than other businesses because they receive discounts for volume buying.

Explanation:

I have no explanation really to say. Thats just the answer.

5 0
3 years ago
Which of the following is included in a standard MLA-style bibliographic entry for an interview conducted by a researcher?
Oksana_A [137]
All of the answers are correct, for the bibliographic entry you need their name, date, and the type of interview conducted. 
5 0
3 years ago
Read 2 more answers
________ traditionally has been considered the main purchasing agent for the family in the areas of food, household products, an
miv72 [106K]
Technology has been considered the main purchasing agent
6 0
3 years ago
Read 2 more answers
Diseconomies of scale means that a company is too small to purchase in bulk and is unable to lower costs.
Vinvika [58]

Answer:

Diseconomies of scale are when production output increases with rising marginal costs. ... Fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent, which results in reduced profitability. They show how well a company utilizes its assets to produce profit.

Explanation:

It's true.

3 0
3 years ago
Read 2 more answers
Can y’all help me figure this out. I ordered something off amazon and the order has been placed but then my account got locked a
Komok [63]

Answer: ez pz it says it there. "All new items will be put on hold or canceled". If it hasn't shipped yet, it will not be shipped. So you should get your money back. But or maybe you won't because your account got locked, and according to their terms and service, you will not get your money back if you did something wrong, illegal, or suspicious. And unless you didn't do anything wrong, your account got locked for that and you will not be getting your money back. If you didn't do anything wrong, try contacting Amazon support and they will help you get your account unlocked. They could also help you get it shipped/and/or get your money back.

Explanation: everything

stay safe

6 0
3 years ago
Other questions:
  • Tee gave an informative speech on the poor quality of potable drinking water available locally. he brought in a test kit and pre
    7·1 answer
  • __ means responding to pressure after a problem has arisen
    14·1 answer
  • One of the goals of the federal reserve is price stability. for the fed to achieve this​ goal,
    10·1 answer
  • If you are under the age of 21 and have any detectable amount of alcohol in your system while operating a motor vehicle in a pub
    11·1 answer
  • The "Plan to Win" initiative is built around five factors that drive McDonald’s business: people, products, place, price, and pr
    6·1 answer
  • Which of the following policies is most likely to encourage innovation, higher quality goods, and lower prices?
    15·1 answer
  • Net exports might be a negative amount if Americans
    6·1 answer
  • A manuscript is sent to a typing firm consisting of typists A, B and C. If it is typed by A, then the number of errors made is a
    5·1 answer
  • Supervisor: "He is going to rue missing today's training session." Why would he need to make up for missing today's training ses
    15·1 answer
  • Certain business processes are copyrightable. <br> a) true <br> b) false
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!