<h2>
10 workers would cause the marginal to exceed the marginal benefits.</h2>
Explanation:
- Let us understand the term "Marginal benefits".
- It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
- In terms of producers, the marginal benefit is termed as marginal revenue.
- Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
- Marginal revenue always falls below marginal cost.
- It is the revenue that the organization receives for selling one additional unit.
Answer:
Gross profit= $54,700
Explanation:
Giving the following information:
Purchases $37,000
Merchandise inventory, September 1 6,100
Merchandise inventory, September 30 6,800
Sales 91,000
<u>First, we need to calculate the cost of goods sold:</u>
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 6,100 + 37,000 - 6,800
COGS= $36,300
<u>Now, the gross profit:</u>
Gross profit= sales - COGS
Gross profit= 91,000 - 36,300
Gross profit= $54,700
Answer:
d
Explanation:
Unfortunately cutting or reducing production, or reengineering at all.
Perfect competition, monopolistic competition, oligopoly, and monopoly.
Answer:
Job elements method
Explanation:
Job elements methodbis defined as a work oriented job analysis method. It is more focused on human attributes that are needed to ensure superior performance on the job.
Job elements method is used to match employees with the activities that best suits their abilities.
Alex and Jane work as economists, and asked to provide criteria that are instrumental to success in their field. This is done to help with hiring of more economists. This emphasis on human attributes that will give success in the job role is called Job elements method.
