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Phantasy [73]
4 years ago
11

A firm will find it profitable to hire workers up to the point at which their rev: 06_21_2018 Multiple Choice marginal resource

cost equals their wage rate. wage rate equals product price. MP is equal to their MRP. marginal resource cost is equal to their MRP.
Business
1 answer:
Nataliya [291]4 years ago
4 0

Answer:

marginal resource cost is equal to their MRP

Explanation:

A business's profit will maximize when its marginal resource cost equals its marginal revenue product.

Marginal revenue product calculated by multiplying the marginal physical product (MPP) times the marginal revenue (MR), e.g. an additional worker can produce 10 units and each unit costs $10, MRP = 10 x $10 = $100

Marginal resource cost is the cost of using an additional unit of input, e.g. cost of hiring an additional worker.

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in the attachment

4 0
3 years ago
Chet Bowes owns his own landscaping business, including all the land on which the company grows its plants, and all the equipmen
aliya0001 [1]

Answer:

Inheritance

Explanation:

The above question highlights example of inheritance. Whenever the ownership of business is transferred from one generation to another, it can be taken as an example of inheritance in a capitalist system.

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3 years ago
Assume your university earns an average rate of return of 5.65 percent on its endowment funds. If a new gift permanently increas
Dennis_Churaev [7]

Answer:

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Average rate of return = Average net profit / average investment

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cross multiply

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x = 32,000/0.0565

32,000/ 0.0565 = x  

x = 566,371.6814

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3 years ago
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Explanation:

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