1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali5045456 [20]
3 years ago
10

Even when competitive firms are unable to calculate marginal revenue product directly, ______________________________ will push

wage rates toward the marginal revenue product of labor.
Business
1 answer:
Alona [7]3 years ago
8 0

Answer:

Even when competitive firms are unable to calculate marginal revenue product directly, <u>competition in the labor market</u> will push wage rates toward the marginal revenue product of labor.

Explanation:

The labor market is made up of employers seeking for labor and employees offering their labor services. The law of supply and demand also applies to this market, when more employers are seeking employees, the price (= salary) will increase.

For example, if many companies are making a  profit and they need more labor, the salaries will rise because the demand is rising.

Also the suppliers, the potential employees, compete against each other for the best possible jobs.

You might be interested in
Which forecasting technique involves analysts using the aggregate opinion of expert panelists, along with justified reasoning, t
Zepler [3.9K]

Answer:

The case involves analysts using the aggregate opinion of expert panelists.

6 0
3 years ago
The one-year forward rate of the British pound is quoted at $1.50, and the spot rate of the British pound is quoted at $1.515. T
Andrews [41]

Answer: a. discount; 1.0

Explanation:

When the forward rate is higher than the spot rate, the rate is said to be a <em>Premium</em>. When the opposite holds true then the rate is said to be a <em>discount. </em>

Calculating the rate;

= \frac{1.515-1.5}{1.515}

= 0.99

= 1.0

Forward rate is lower so this is a discount.

3 0
3 years ago
A(n) ________ is a type of entrepreneur who prefers to keep his or her business small.
a_sh-v [17]
A "micropreneur" is a business visionary who will acknowledge the danger of beginning and dealing with the sort of business that remaining parts little, bolsters the sort of work he/she needs to do and gives an adjusted way of life. He/she is a kind of business visionary who wants to keep his or her business little.
4 0
3 years ago
On March 31, 2009, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines.
frosja888 [35]

Answer:

prepaid subscrption ending balance

2009 11,610

2010 6,460

2011  1,290

Explanation:

15,480 / 36 months = 430 per month

December 31th Adjustment:

430 x 9 months (from March 31,2009 to December 31,2009)

received magazinesfor $ 3,870

balance: 15,480 - 3,870 = 11,610

Decmeber 31th 2010

430 x 12 months = 5,160

balance 11,610 - 5,160 = 6,450

2011 adjustment

again for 12 months: 5,160

6,450 - 5,160 = 1,290

5 0
3 years ago
The management of Shatner Manufacturing Company is trying to decide whether to continue manufacturing a part or to buy it from a
mrs_skeptik [129]

Answer:

Financial advantage of purchasing Cisco from outside vendor = $9,440

Explanation:

7,900 units produced

variable costs allocated to Cisco units (avoidable):

  • direct materials $4.58 per unit
  • direct labor $4.51 per unit
  • indirect labor $0.45 per unit
  • utilities $0.41 per unit
  • total $9.95 x 7,900 units = $78,650

fixed manufacturing costs allocated to Cisco:

  • depreciation $860
  • property taxes $320
  • Insurance $610
  • total $1,790

an outside supplier can provide Cisco for $63,200 plus:

  • freight and inspection costs $0.60 per unit x $7,900 = $4,740
  • total receiving costs $1,270
  • total $6,010

                             Incremental Analysis

                                         Produce       Purchase       Difference

                                          Cisco           Cisco             amount

Variable production        $78,650                              $78,650

costs

Purchase price                                       $63,200       ($63,200)

Additional expenses                              $6,010           ($6,010)

Financial advantage of purchasing Cisco                   $9,440

Allocated fixed costs are not included in this analysis since they cannot be avoided by either action, producing or purchasing.

7 0
3 years ago
Other questions:
  • Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, t
    5·1 answer
  • Which of the following could be included in the performance indicator measure provided by a nongovernmental not-for-profit hospi
    8·1 answer
  • The balance sheet is a financial statement that measures the flow of funds into and out of various accounts over time, while the
    14·1 answer
  • Your colleague anshul has to give a presentation to the whole company. what tip should you give him about managing his nerves?
    11·1 answer
  • Accounting standard-setters use the following process in establishing accounting standards:__________. A. Discussion paper, rese
    11·2 answers
  • Bobbi and Stuart are partners. The partnership capital of Bobbi is $35,300 and that of Stuart is $77,700. Bobbi sells his intere
    13·1 answer
  • Consider the subschema of a receiving clerk. The receiving clerk needs sufficient rights in her logical view to perform her duti
    14·1 answer
  • How do most real estate agents get paid?
    14·1 answer
  • Stanford owns and operates two dry cleaning businesses. He travels to Boston to discuss acquiring a restaurant. Later in the mon
    14·1 answer
  • Whats being productive
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!