A monopolist will hire workers up to the point at which the wage equals to marginal revenue.
Given that monopolist will need to hire workers.
We are required to find the point up to which the monopolist will hire the workers.
Monopolist is the person or institution who has the largest power of the market means monopolist can change or influence the price according to him or his requirements.
From the definition of monopoly we can say that a monopolist will hire workers up to the point at which the wage equals the marginal revenue.
Wage is a part of cost and it is a variable cost. Variable cost is the cost which is not fixed for all the units. Variable cost increases with the increase in the units of the good.
Hence a monopolist will hire workers up to the point at which the wage equals to marginal revenue.
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Answer: Requires first developing the ability to do something, however imperfectly or inefficiently; second, translating this ability into a competence by learning to do the activity consistently well and at an acceptable cost; and then continuing to polish and refine its know-how in an effort to further improve its performance, ideally striving to match or beat rivals in performing the activity.
Explanation:
Capacity building involves an individual/organization learning to carry out their job task by starting with failures and successful outcomes, and continuing learning and attempting carrying out that task until perfection nearly attained when it comes to carrying out that job type.
<span>If Mr Stevens decides to open the sporting goods store his opportunity cost is the rent income from the agreement with the person who would like to open a gym. He looses out on a steady rental income.</span>
Answer:
$42,240
Explanation:
The computation of the balance of the Accumulated Depreciation account at the end of 2019 is as follows;
But before that the depreciation rate is
= 1 ÷ 5 × 2
= 40%
For the first year, the depreciation expense is
= $66,000 × 40%
= $26,400
Now for the 2019, the depreciation expense is
= ($66,000 - $26,400) × 40%
= $15,840
Now the accumulated depreciation is
= $26,400 + $15,840
= $42,240
Answer: It may influence their decision depending on the tone the case was explained, rather than giving the subject a fair trial.
Explanation:
People, depending on their opinions, can influence others depending on how they talk about their subject because of bias.
