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
Tom [10]
3 years ago
13

What is the difference between the marginal product of labor and the marginal revenue product of labor for a firm in a perfectly

competitive​ market?
Business
1 answer:
Alik [6]3 years ago
4 0

Answer:

The marginal revenue product of labor is equal to the marginal product of labor multiplied by the product price. The formula is:

  • MRP = MPL x P

The marginal product of labor is the additional output that can be achieved by adding an additional unit of labor. The marginal revenue product of labor measures the same thing but in money, not units.

You might be interested in
_______________________: Organization with facilities and other assets in at least one other country than its home country.
jolli1 [7]

Answer:

multinational company

Explanation:

According to my research on different types of organizations, I can say that based on the information provided within the question the type of organization being described is called a multinational company. Like mentioned in the question this is a type of organization that has some sort of control or facilities within other countries as opposed to only it's home/originating country. Coca-Cola can be an example of this.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
An automobile final assembly plant is being planned for an annual production of 150,000 cars. The plant will operate one shift,
Sergio [31]

Answer:

a. Rp= 10.0hr

b. Tc= 1052 workers

c. n= 421 workstations

Explanation:

(a) Rp= Da/250Hsh. Rearranging, Hsh= Da/250Rp= 150,000/250(60) = 10.0 hr

(b) Tc= 60E/Rp= 60(0.95)/60 = 0.95 minTs= Tc– Tr= 0.95 – 0.10 = 0.85 minw= Min Int 14.0(60)/0.85(0.94) = 1051.3 rounded up to 1052 workers

(c) n= w/M= 1052/2.5 = 421 workstations

3 0
3 years ago
Identify the type of advertising based on the given scenario.
frutty [35]

Answer:

Direct marketing

Explanation:

In simple words, Direct marketing can be defined as a means to convey an bid, through which companies communicate individually with a pre - specified client and provide a specific answer process. This method is also  regarded, by professionals, as direct reaction advertising. 

Thus, from the above we can conclude that the the company should employee direct marketing tools.

5 0
3 years ago
Companies address needs by putting forth a ________, a set of benefits that they offer to customers to satisfy their needs.
Dovator [93]

Answer:

value proposition

Explanation:

A value proposition refers to the guarantee of meaning that needs to be provided, shared, and remembered. It is a customer trust in how quality (advantage) is always to be provided, perceived, and gained. A value proposition might refer to an entity as a whole, or sections of it, or account holders, or products.

Another aspect of the corporate strategy is to build a value proposition. This Model is depcited on a distinct consumer value proposition," Kaplan and Norton claim. "Customer satisfaction is the foundation of stable wealth creation."

4 0
3 years ago
The continuing cycle of erratic demand causing forecasts to include safety stock which in turn magnify supplier forecasts and ca
balandron [24]

Answer:

The Bullwhip Effect

Explanation:

Bullwhip effect is a phenomenon that occurs in an organisation's channel of distribution due to swings or erratic demands for products by customers. This erratic nature of demands will usually lead to forecasting inefficiencies especially in meeting the demands through the supply chain.

A sudden increase in demand could lead to production planning problems because there might not be enough inventory of materials on ground to meet the demand. Also, a sudden decrease in demand can bring the challenge of excess inventory of materials which may not be needed for production for a while.

One of the measures taken to manage this erratic nature of demands is to ensure that whatever the forecasts for demands is, safety stock must be included to the forecast level of demand so as to ensure that production planning is adequate and the demands are met as well.

6 0
3 years ago
Other questions:
  • Jeffreys Company reports depreciation expense of $40,000 for Year 2. Also, equipment costing $240,000 was sold for a $10,000 los
    11·1 answer
  • A drug interdiction program that successfully reduces the supply of illegal drugs in the United States likely will
    15·1 answer
  • in your opinion, does making a lot of money automatically mean you have a large savings account ? why or why not ILL MARK BRAINL
    10·1 answer
  • According to mcclelland, managers who are extremely concerned about establishing and maintaining good interpersonal relationship
    11·1 answer
  • Labor unions typically negotiate wages, employmen t benefits, and
    12·1 answer
  • A typical payday loan carries an interest rate of about: A. 400 percent B. 31 percent C. 12 percent D. 7 percent
    9·1 answer
  • Which of the following statements accurately describes a flexible budget​ variance?
    12·1 answer
  • The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let’s see whether
    11·1 answer
  • assuming that prices rise over time, which inventory cost flow assumption will result in the lowest ending inventory?
    13·1 answer
  • You're prepared to make monthly payments of $465. Beginning at the end of this 20,031 month, into an account that pays 12 percen
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!