An employer hiring in a competitive labor market should hire additional labor as long as the marginal revenue product (MRP) exceeds the wage rate.
Marginal revenue product (MRP), also called the marginal fee product, is the marginal sales created due to an addition of 1 unit of resource. The marginal sales product is calculated via multiplying the marginal physical product (MPP) of the useful resource through the marginal sales (MR) generated.
How do you calculate marginal revenue product made from labor?
The marginal revenue product fabricated from a worker is equal to the fabricated from the marginal fabricated from exertions (MPL) and the marginal revenue (MR) of output, given with the aid of MR×MPL = MRPL.
Why is marginal revenue product vital?
Marginal revenue product (MRP) explains the additional revenue generated by means of adding an additional unit of manufacturing resource. it's miles an important idea for determining the demand for inputs of production and analyzing the most advantageous amount of a useful resource.
Learn more about marginal revenue product here:-brainly.com/question/13444663
#SPJ4
Answer:
c) acceptable if the advertisement includes no preferential language
Explanation:
In the given case since it is mentioned that grocery store was attractive and he decided to stop the advertising of the property and begins the advertising on two distinct russian internet site so this would be acceptable in the case when the advertisement does not involve any kind of preferential language
Therefore the option c is correct
Answer:
9.52%
Explanation:
Cost of equity can be determined using the capital asset pricing model
he capital asset price model: cost of equity = risk free + (beta x market risk premium )
Risk free return = return on a risk free asset
Beta is a measure of the systematic risk.
Risk premium = market rate of return - risk free rate
2.95% + (0.90 x 7.30%) = 9.52%
Answer:
a. subsidiary production
Explanation:
Subsidiary production occurs when a company that produces a particular product is an affiliation of another.
A subsidiary is referred to as a company owned by another. The owning company is normally called the holding company. The subsidiary operates just as the way it should, the holding company just perform oversight function.