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Alla [95]
3 years ago
7

A firm should hire more labor when the marginal revenue product of labor:1)A)exceeds the wage rate.B)equals the wage rate.C)is l

ess than the wage rate.D)Any of these can be true.E)None of these are true.
Business
1 answer:
kari74 [83]3 years ago
8 0

Answer:

A. Exceeds the wage

Explanation:

Generally speaking, hiring labor should continue till Marginal Revenue Product and wage rate becomes equal. But when marginal revenue product is greater than the wage rate,  the current workers are contributing to revenue and not cost which affects the profits greatly.

Therefore, the firm should ensure to hire additional workers.

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Answer:

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Explanation:

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2 years ago
Lisa is choosing between three alternatives: a) working at her job that pays 60 dollars; b) writing a term paper which she value
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Answer:

c. 80 dollars.

Explanation:

Opportunity cost represents the next best alternative missed.  It is the forfeited benefits arising from choosing one option over the others. Opportunity cost is expressed as a value or the worth of the forgone alternative.

Lisa's opportunity cost is $ 80.  She has valued going out with her friend at $ 80, which is the highest value amongst her three choices. Since she can not engage in all the three activities at the same time, the next best alternative to writing her exam is the opportunity cost.

7 0
3 years ago
As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corpor
Alekssandra [29.7K]

As a shareholder in Titanic Shipping, Inc., James Blue is one of the many actual owners. In case of the bankruptcy of the corporation, his liability would be limited to the amount of his investment.

<h3>What shareholder means?</h3>
  • Any individual, business, or organization that has stock in a corporation is a shareholder.
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<h3>What is shareholder and example?</h3>
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  • Someone who owns stock in Apple is an example of a shareholder noun.
  • A person who owns one or more shares of stock in a joint-stock company or a corporation.

<h3>What is the purpose of a shareholder?</h3>
  • The shareholders are the company's owners and give financial support in exchange for prospective dividends paid out over the course of the business.
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Learn more about shareholders here:

brainly.com/question/25847981

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5 0
1 year ago
The last department in a production process shows the following information at the end of the period: Units Beginning Work in Pr
Drupady [299]

Answer:

goojnb

Explanation:

fbbkkknb. ..kkjbbvfffdbh<em><u>v</u></em><em><u>b</u></em><em><u>b</u></em><em><u>n</u></em><em><u>n</u></em><em><u>m</u></em><em><u>m</u></em><em><u>j</u></em><em><u>j</u></em><em><u>h</u></em><em><u>b</u></em><em><u>b</u></em><em><u>b</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>h</u></em><em><u>v</u></em><em><u>v</u></em><em><u>b</u></em><em><u>n</u></em><em><u>m</u></em><em><u>m</u></em>

8 0
3 years ago
A manufacturer of washing machines has expanded its plant and has created excess capacity, just as the general economy has taken
Lostsunrise [7]

Answer:

. b. offer rebates and incentives for customers who purchase washing machines.

Explanation:

Increasing the productive structure of a firm must be carefully planned. There needs to be demand and take into account the expectations of the economy. When a company increases its structure over an inadequate period, the strategy can be fatal, as firms typically go to great lengths to make investments. In the case described, the company now has an idle capacity, ie does not use all its productive infrastructure. This is compounded by the moment of narrated economic crisis. In this situation, the company is most likely to promote price incentives through discounts to stimulate demand for washing machines. Thus, the employer gets a breath to maintain its activities until the economy recovers and she can use all the installed capacity.

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2 years ago
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