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
Monica [59]
3 years ago
7

When the average product of labor is decreasing​, the average product of labor is ▼ the marginal product of​ labor, and when the

average product of labor is increasing​, the average product of labor is ▼ the marginal product of labor.
Business
1 answer:
attashe74 [19]3 years ago
3 0

<u>When the average product of labor is decreasing​, the marginal  product of labor is less than average product of the labor.</u>

Explanation:

whenever the marginal product of labor is greater than the average product of labor the average product of labor must be increasing.

Average Product of labor is defined as the total output that a firm produces divided by the amount of workers required to produce that output.

Marginal Product of Labor is defined as the additional output produced by a firm because of hiring extra workers .

Production function is defined as the inputs used by a firm and the maximum output a firm can produce by employing those inputs

<u>Thus we can say that When the average product of labor is decreasing​, the marginal  product of labor is less than average product of the labor.</u>

You might be interested in
Prompt<br> What should you do after writing something?
finlep [7]

Answer:

revise, edit, cite sources.

Explanation:

8 0
3 years ago
Read 2 more answers
Hunt Incorporated sold $209,000 of accounts receivable to Gannon Factors Inc. on a with recourse basis. Gannon assesses a 2% fin
pentagon [3]

Answer:

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

Explanation:

Journal entries

Dr Cash $190,190

Dr Due from Gannon Factors $14,630

Dr Loss on Sale of Receivables $16,280

Cr Accounts Receivable $209,000

Cr Recourse Liability $12,100

Dr Accounts Receivables $209,000

Cr Due to Customer $14,630

Cr Interest Revenue $4,180

Cr Cash $190,190

*7% X $209,000 =$14,630

*2% X $209,000 =$4,180+$12,100=$16,280

5 0
3 years ago
DeMarcus has been general manager of the Surf and Turf Club restaurant for many years and always schedules extra staff for the b
Keith_Richards [23]

Answer:

illusion of control.

Explanation:

The illusion of control is the tendency for people to overestimate their ability to control events; for example, it occurs when someone feels a sense of control over outcomes that they demonstrably do not influence.

In the scenario, although Business has been consistently slow on Fridays in recent months, yet DeMarcus decides to continue with the extra staffing.

This is obviously a case of illusion because he has no control over the external business environment and there is no logical reason to continue with extra staffing.

3 0
3 years ago
_________ is the managerial process of creating and maintaining a fit between an organization's objectives and resources and the
insens350 [35]

Answer:

Strategic planning

Explanation:

6 0
3 years ago
Langer Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plas
Alex

Answer:

Langer Company

Direct Materials Purchases Budget

For July, August and September

                                                             July August September Total

Units to be produced                        3500 4400 4900 12800

Direct materials per unit (ounces)             15 15 15 15

Production needs                                52500 66000 73500 192000

Desired ending inventory (ounces) 19800 22050 28350 28350

Total needs                                        72300 88050 101850 220350

Less: Beginning inventory                15750 19800 22050 15750

Direct materials to be purchased (ounces) 56550 68250 79800 204600

Cost per ounce                               $0.08 $0.08 $0.08 $0.08

Total purchase cost                     $4,524 $5,460 $6,384 $16,368

3 0
3 years ago
Other questions:
  • Economist george stigler once wrote that, according to consumer theory, “if consumers do not buy less of a commodity when their
    10·2 answers
  • Which of the following is a disadvantage of being a high self-monitor?
    12·1 answer
  • The panic of 1819:
    15·1 answer
  • 4) All of the following are true of known liabilities except:A) Include accounts payable, notes payable, and payroll.B) Are obli
    7·1 answer
  • When you exchange documents with your co-workers through organization-approved methods, this is considered __________?
    11·1 answer
  • Explain the difference between implicit and explicit costs
    11·1 answer
  • A company offers ID theft protection using leads obtained from client banks. Three employees each work 40 hours a week on the le
    7·1 answer
  • Why is it so difficult to track the crime rate over time?
    14·1 answer
  • Fixed costs of production in the short run rev: 06_26_2018 Multiple Choice are a function of the level of variable costs. are lo
    13·1 answer
  • AYEEEE YALL WANNA JOIN ME IN A KAHOOT AT 12:20 - 1:00?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!