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harina [27]
3 years ago
13

The marginal product of any input is thea. increase in total cost associated with a one-unit increase in production.b. change in

total output associated with a $1.00 increase in total cost.c. increase in total cost resulting from the hiring of an additional worker.d. increase in total output obtained from one additional unit of that input.
Business
1 answer:
sveticcg [70]3 years ago
5 0

Answer:

D) increase in total output obtained from one additional unit of that input.

Explanation:

Marginal product (or marginal physical product) is the change in total output obtained by adding one additional unit of input. Generally the marginal product is measured for additional labor units, but it can also be measured for additional units of materials or components, and overhead.

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A family you are working with speaks English, but their native language is Korean and they have stated that it is much easier fo
ch4aika [34]

Answer:

informed consent

Explanation:

Based on the information provided, this is a violation of informed consent. This is because informed consent can only be granted when the individual signing the consent forms COMPLETELY understands and accepts the information presented in the forms. In this scenario, the family may speak English but since their native language is Korean and the consent forms are not offered in Korean there is a large possibility that some of the information may not be fully understood by the family. Thus they are not fully informed when signing.

7 0
2 years ago
The marginal seller is the seller who Group of answer choices cannot compete with the other sellers in the market. would leave t
Sophie [7]

Answer:

would leave the market first if the price were any lower.

Explanation:

Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.

Thus, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.

In Economics, The law of diminishing marginal utility states that as the unit of a good or service consumed by an individual increases, the additional satisfaction he or she derives from consuming additional units would start decreasing or diminishing as the units of good or service consumed increases.

A marginal seller refers to an individual or business firm that is most willing to sell his or her goods and services at a price that is typically equal to their economic cost while forfeiting producer surplus.

A producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

Hence, a marginal seller is the seller who would leave the market first if the price were any lower.

8 0
3 years ago
Each Cutco knife goes through 30 steps to ensure that it meets the firm's standards and provides a good value for a premium prod
ladessa [460]

Answer:

Quality control

Explanation:

Quality control is a system of maintaining quality by periodically testing a sample of the output to ensure that is within the specifications.

4 0
3 years ago
Suppose that Rafay is only given 5 weeks​ (instead of ​) to complete the project. By how many weeks should each activity be cras
kiruha [24]

From the critical path that's given, the total crashing cost will be $530.

<h3>What is a critical path?</h3>

A critical path simply means the longest sequence of tasks that one will have to complete in order to complete a project.

In this case, from the information given, the critical path will be:

= 0 + $130 + $400

= $530

In conclusion, the correct option will be $530.

Learn more about critical path on:

brainly.com/question/10693558

8 0
2 years ago
Wild Swings Inc.’s stock has a beta of 2.5. If the risk-free rate is 6% and the market risk premium is 7%, what is an estimate o
Bess [88]

Answer:

r = 0.235 or 23.5%

Explanation:

Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.  

The formula for required rate of return under CAPM is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • rpM is the market return

r = 0.06 + 2.5 * 0.07

r = 0.235 or 23.5%

3 0
3 years ago
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