Ask question

Ask question

All categories

murzikaleks [220]

3 years ago

15

Amy just applied for a position with Rory’s firm. Rory knows that Amy will earn $20 an hour and can produce a value of the margi

nal product of labor (VMPL) of $40. Rory will __________ Amy because her VMPL is __________.a. not hire; negativeb. hire; negativec. maybe hire; positived. not hire; positivee. hire; positive

1 answer:

Kaylis [27]3 years ago

7 0

Answer: The correct answer is "e. hire; positive".

Explanation: Amy just applied for a position with Rory’s firm. Rory knows that Amy will earn $20 an hour and can produce a value of the marginal product of labor (VMPL) of $40. Rory will <u>hire</u> Amy because her VMPL is <u>positive.</u>

You might be interested in

YO CAN YALL SEND HELP MY BRAIN ISNT WORKING TODAY

shusha [124]

$Hello.$

$TanakaBro$ $is$ $here$ $to$ $hel$ $^{p}$ :

$I$ $think$ $the$ $answer$ $to$ $this$ $is$ :

A, B, And D:

<h2>☆ <u>EXPLANATION:</u></h2><h2><u /></h2>

Because Ha-cking is that people, ha-cked your so-cial se-curity. and your money and your account. and other stuffs like that...

Hope It Helped!

<u>And Tell me if The answer is wrong. . .</u>

<u />

<h2><u>Good Luck With Your Assignment!</u></h2><h2><u /></h2>

#LearnWithBrainly

- $Answer$

$TanakaBro$

7 0

3 years ago

Read 2 more answers

French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be: A) Demanding dollars

shepuryov [24]

Answer:

C) Supplying euros and demanding dollars in the foreign exchange market.

Explanation:

Foreign exchange market can be defined as type of market in which the currency of one country is converted into that of another country.

For example, the conversion of dollars of the United States of America can be converted into naira (Nigeria) at the foreign exchange market.

Hence, French and German farmers wanting to buy equipment from an American manufacturer based in the U.S. will be supplying euros and demanding dollars in the foreign exchange market because the medium of exchange (legal tender) in France and Germany is the "Euros" while it is "Dollars" in the United States of America.

6 0

3 years ago

Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins

Degger [83]

Answer:

12.55 days

Explanation:

<em><u>Provided information </u></em>

Number of employees 2

Average production time=1.8 days

Standard deviation=2.7 days

Inter-arrival time= 1 day

Coefficient of variation= 1 day

Standard deviation of inter-arrival time= 1 day

The coefficient of variations

<u>Inter-arrival coefficient of variation </u>

$C_{vi}=\frac {\sigma}{T}$ where $\sigma$ is standard deviation of inter-arrival time, T is inter-arrival time and $C_v$ is coefficient of variation of inter-arrival time

$C_{vi}=\frac {1 day}{1 day}=1$

<u>Production time coefficient of variation </u>

$C_{vp}=\frac {2.7}{1.8}=1.5$

<u><em>Total utilization time </em></u>

$U=\frac {T}{n*T_i}$ where T is the time of production, n is number of employees, U is utilization, $T_i$ is inter-arrival time

$U=\frac {1.8}{2*1}=0.9$

Therefore, utilization time by 2 employees is 0.9

<u>Expected average waiting time </u>

$T_e=(\frac {T}{n*T_i})*0.5(C_{vi}^{2}+C_{vp}^{2})*(\frac{U^{\sqrt{2(n+1)}-1}}{1-U})$

Where $T_e$ is expected average waiting time and the other symbols as already defined

Substituting 1.5 for $C_{vp}$ , 1 for $C_{vi}$ , 0.9 for U, 2 for n, 1 for $T_i$ and 1.8 for T

$T_e=(\frac {1.8}{2*1})*0.5(1^{2}+1.5^{2})*(\frac{0.9^{\sqrt{2(2+1)}-1}}{1-0.9})$

$T_e=0.9*1.625*8.583709=12.55367 days$ and rounding off to 2 decimal places we obtain 12.55 days

Therefore, expected duration between order received and beginning of production is approximately 12.55 days

7 0

3 years ago

According to the law of comparative advantage, what should be the distinguishing characteristics of the goods a nation imports?

aliina [53]

Answer:

The correct answer is option C.

Explanation:

The law of comparative advantage states that a country will produce and export the commodity it has a comparative advantage in producing.

In other words, if the country can produce good cheaply or at a lower opportunity cost.

The good that cannot be produced cheaply or has a higher opportunity cost will be imported from the country that produces it cheaply.

6 0

3 years ago

Why would having information be a requirement for a purely competitive market?

dusya [7]

Answer:

To no the prices of goods and service and to buy stuff at low prices.

Explanation:

A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.

6 0

4 years ago