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Tom [10]
4 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]4 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.

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Which of the following statements is true about the total production of health and the marginal return on new health production
Nadya [2.5K]

The amount of production health and its marginal return will lead to higher in the countries which are developed.

Option B is the correct answer.

<h3>What is production?</h3>

Production is a process where an entity changes the raw materials into a saleable product through the use of machinery.

In developed countries, the production of health, that is, the relation between the inputs of health and the health of individuals and the marginal return on new production, means, additional returns would be both higher due to advancements in technology and infrastructure.

therefore, there should be higher marginal return as well as higher production health in the developed nations.

Learn more about the developed nations in the related link:

brainly.com/question/1368459

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6 0
2 years ago
at the end of the current period oriole had a projected benefit obligation of and pension plan assets of what are the accounts a
kakasveta [241]

The accounts and amounts that will be reported on the company's balance sheet as pension assets are:

1. Pension Plan Assets: The amount reported will be equal to the projected benefit obligation of the company.

2. Accrued Pension Benefit Liability: The amount reported will be equal to the difference between the projected benefit obligation and the pension plan assets.

The Pension Plan Assets account will be reported as the current market value of the pension plan assets.

The Accumulated Benefit Obligation account will be reported as the projected benefit obligation, which is the current value of the benefits that will be owed to employees in the future.

The difference between these two amounts is the company's net pension assets or liabilities.

For example, if the projected benefit obligation is $3 million and the pension plan assets are $2.5 million, the net pension assets would be reported as a liability of $0.5 million.

To know more about pensions here

brainly.com/question/15395365

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3 0
1 year ago
Sheffield Company owns equipment that cost $1,053,000 and has accumulated depreciation of $444,600. The expected future net cash
Pani-rosa [81]

Answer:

Explanation:

The journal entry is shown below:

Loss on impairment A/c Dr $140,400

       To Accumulated impairment loss A/c $140,400

(being the impairment loss is recorded)

The computation is shown below:

= Carrying value of the equipment - fair value of the equipment

where,

Carrying value of the equipment would be

= Cost of the equipment - accumulated depreciation

= $1,053,000 - $444,600

= $608,400

So, the loss would be

= $608,400 - $468,000

= $140,400

7 0
3 years ago
Mars Inc., a car manufacturer, offers cheap coupes, medium-priced sedans, as well as expensive sports cars. The company identifi
gregori [183]

Answer:

Differentiated marketing

Explanation:

Note that, from the question it was said that Mars inc offers both cheap, medium and expensive products; which implies they have different marketing segment <u><em>for middle income, low and high income earners.</em></u>

As a car manufacturer, Therefore Mars inc would have competitive advantage since it has employed differentiated marketing strategy.

8 0
4 years ago
Candela Company has retained earnings of $500,000, common stock of $400,000, and total common stockholders’ equity of $1,200,000
nexus9112 [7]

Answer: A stock split will not have any effect on the total common stockholders' equity of $1,200,000.

Explanation:

A stock split is the issue of shares to the stockholders of a company. In this case, a stockholder will have 2 shares for a 1 share held earlier. Because the total equity does not change, the value of each share falls, reducing the market price. The total number of common stock however will increase.

The calculation is done in the following way.

Candela has common stock outstanding of 200,000

2x : 1 ( 2 x 200,000: 200,000)

=400,000 common stock

7 0
3 years ago
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