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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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If the toothpaste market is monopolistically competitive, product differentiation would not take the form of: production of many
stira [4]

Answer:

setting the price of the product well below the price charged by the rival

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this

5 0
3 years ago
Organizational policies originate with top ________ and are disseminated to lower levels for implementation
Yuri [45]

Organizational policies originate with top level of management and are disseminated to lower levels for implementation.

Top level of management consists of an organization’s board of directors and the chief executive or the  managing director of the company.

It is the ultimate source of power and authority because it oversees the goals or policies, and procedures of a company. Main priority of the top level management is on the strategic planning and execution of the overall business success.

The roles and responsibilities of the top level of management can be summarized as given below:

To lay down the objectives and the  broad policies of the business enterprise.

To issue necessary instructions for the preparation of department-specific budgets, as well as schedules or procedures, etc.

To preparing strategic plans and policies for the organization.

To establish controls of all organizational departments.

To know more about top level management here:

brainly.com/question/3352289

#SPJ4

3 0
2 years ago
Why do nations often impose trade barriers that make it difficult for their own citizens to trade with people in another country
melisa1 [442]

Answer:

The correct answer is d. Trade restrictions often provide benefits to highly visible special interest groups while imposing a less visible cost on the general populace.

Explanation:

A trade restriction is an artificial restriction to the exchange of goods and / or services between two countries. It is the byproduct of protectionism. However, the term is controversial because what a party can see as a trade restriction can be seen as a way to protect consumers from inferior, harmful or dangerous products. For example, Germany demanded that beer production adhere to its purity law. The law, originally implemented in Bavaria in 1516 and eventually converted into a law for the newly unified Germany in 1871, meant that many foreign beers could not be sold in Germany as "beer." This law was annulled in 1987 by the Court of Justice of the European Union, but remains voluntarily followed by many German breweries.

7 0
3 years ago
What is a appropriately
garik1379 [7]

Answer:

-What is a appropriately?

in a manner that is suitable or proper in the circumstances.

-What is a Procedure?

an established or official way of doing something.

-What is a Enthusiasm?

Enthusiasm is intense enjoyment, interest, or approval. The word was originally used to refer to a person possessed by God, or someone who exhibited intense piety.

-What is a Conflict?

a serious disagreement or argument, typically a protracted one.

-What is a Technique?

A technique is a method of doing some task or performing something.

-What is a Obtain?

to come into possession of; get, acquire, or procure, as through an effort or by a request: to obtain permission; to obtain a better income.

-What is a conflict management?

Conflict management is the process of limiting the negative aspects of conflict while increasing the positive aspects of conflict

(^o^)

6 0
3 years ago
Read 2 more answers
What is meant by trigonometric ratios?​
Colt1911 [192]

Answer:

ratios of trigonometric angles

hope it will help u

4 0
3 years ago
Read 2 more answers
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