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Nadya [2.5K]
3 years ago
13

If average product is increasing, then marginal product Select one: a. must be greater than average product. b. must be less tha

n average product.

Business
1 answer:
netineya [11]3 years ago
4 0

Answer: Option (a) is correct.

Explanation:

Figure attached with this answer shows the two curves, namely, average product curve and marginal product curve.

Marginal product refers to the change in the total output divided by the change in the quantity of inputs used.

Average product is calculated by dividing the total output produced with the quantity of inputs or factors of production used.

The relationship between marginal product and average product is explained by three phases:

(1) Average product is rising,

Marginal product is greater than the average product.  

(2) Average product is maximum,

Marginal product is equal to average product.

(3) Average product is falling because of diminishing marginal utility,

Marginal product is less than the average product.

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why do skilled and professional workers generally receive higher wages than unskilled and semiskilled workers
Zina [86]
Hello!

Skilled and professional workers generally receive higher wages than unskilled and semiskilled workers because there are more demand and less offer for this kind of workers. 

To be a skilled or professional worker, extensive training and education are needed. To get this kind of training, there are personal investments in time and money that are needed to be made. Not everyone is willing to invest time and money in education, and some people can't do it for personal reasons.

That means that the amount of skilled and professional workers is lower than the number of unskilled ones. When there is reduced offer of a good or service, the price increases. That causes the wages for this kind of worker to be higher.

Have a nice day!
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Focus his stock on the most vital items while keeping those that do not sell as well at lower levels.

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Question Completion:

e. Cedaredge Town Council trustees regularly hire new animal control officers. However, in February 2016, the trustees discussed the possibility of not hiring for the position for that calendar year. (Click to select)

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Answer choices

a. Human Suffering: High: Speed: Fast

b. Human Suffering: High: Speed: Slow

c. Human Suffering: Moderate: Speed: Fast

d. Human Suffering: Moderate: Speed: Slow

e. Human Suffering: Low: Speed: Fast

f. Human Suffering: Low: Speed: Slow

Answer:

a. Human Suffering: Low:

   Speed: Slow

b. Human Suffering: High

   Speed: Fast

c. Human Suffering: Moderate:

   Speed: Slow

d. Human Suffering: Moderate:

   Speed: Slow

e. Human Suffering: Low

   Speed: Fast

f. Human Suffering: Low

  Speed: Slow

Explanation:

The best strategy for human resource planning should aim to lower human suffering as far as it is possible.  We are aware that for some job categories, there are occasional labor surpluses and shortages.  Based on the company's goals, a good human resource planning must be able to determine if its efforts at addressing surpluses or shortages are meeting with success.  The best way to establish this is to prescribe achievable benchmarks.

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I will you choose expensive luxury vocation

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A college student owns two securities: Apple and Coca- Cola. Apple has an expected return of 15 percent with a standard deviatio
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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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