Answer: 3 units of labor
Explanation:
The marginal revenue product will be:
- 1 labor unit
Marginal product = 500
Marginal revenue product = 500 × 5 = 2500
- 2 labor unit
Marginal product = 400
Marginal revenue product = 400 × 5 = 2000
- 3 labor unit
Marginal product = 250
Marginal revenue product = 250 × 5 = 1250
- 4 labor unit
Marginal product = 200
Marginal revenue product = 200 × 5 = 1000
- 5 labor unit
Marginal product = 200
Marginal revenue product = 200 × 5 = 1000
Therefore, till the third unit of labor, we can infer that the marginal revenue product is more than the marginal revenue cost. The 4th and 5th unit of labor will become costly to hire more labor.
Given that <span>James
is a recent college graduate and has six months of it experience. he is
thinking about pursuing a certification program in order to demonstrate
that he is serious about it. james learns that database designers work
with systems analysts and other individuals involved in the SDLC (System Development Life Cycle).</span>
Answer:
Dr Organization costs ($12,000 + $3,000) 15,000
Dr Patent ($20,000 + $2,000) 22,000
Dr Equipment 30,000
Dr Preopening expenses 40,000
Cr Cash 107,000
Explanation:
Organization costs are the initial costs incurred to start a business. They include attorney fees, and any other legal and registration fees required by both municipal state and federal government.
Any fees related to the purchase of the patent, e.g. commissions paid or attorney fees must be included in the purchase cost of the patent.
Net purchases
*freight in
=cost of good purchased
Answer: Employee involvement
Explanation:
Hi, employee involvement occurs in workplaces where the employees make decisions that affect their own work, they participate directly to help the organization reaching its objectives. They suggest and apply work-related ideas that also improve their own motivation.
These types of activities are common in flat organization structures.
Feel free to ask for more if needed or if you did not understand something.
