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3 years ago

8

What marginal costs and benefits might a business owner have to consider when trying to decide whether to hire additional worker

s?

1 answer:

White raven [17]3 years ago

3 0

Answer:

the marginal product of labor - the increase in productivity they bring

the marginal cost of hiring them - how much they will have to pay them

Explanation:

please follow

You might be interested in

If demand is linear with a negative slope, then price elasticity of demand is A. Elastic in the upper portion and inelastic in t

tigry1 [53]

Answer:

<h2>In the case of a linear downward sloping demand curve,the price elasticity of demand is elastic in the upper portion and increasingly inelastic in the lower portion.Hence,the answer in this case would be option A.</h2>

Explanation:

Based on the common consumer psychology,any rational consumer or buyer is relatively more responsive or reactive to any certain change in market price of any normal good or service during the initial stages of purchase or consumption.
Hence,during the initial consumption phase,if the market price of any good or service changes by a certain proportion,then consumer demand for that product or service would also change in significant or considerable proportion.
However,as the rational consumer or buyer increases its consumption level of any good or service as its market price decreases progressively,he or she becomes increasingly insensitive or unresponsive towards the change or further decrease in its market price.
This phenomenon can be conceptually attributed to the law of diminishing marginal utility of any normal good or service which evidently advocates that as the individual consumer or buyer consumes more of any particular good or service,the additional or incremental consumer satisfaction or utility obtained from 1 more unit purchase of that particular good or services decreases progressively.In other words,the marginal utility of the consumer or buyers falls increasingly as the consumption level of any good or services increases.
Hence,the market value of any product or service also declines as the consumption level of any good or services increases thereby making the consumers or buyers increasingly unresponsive or non reactive as its market price decreases especially towards the later or subsequent stages of consumption or purchase.

6 0

3 years ago

Producing one yard of cloth requires 3 worker and 1 capital, while producing one pound of food requires 1 worker and 2 capital.

Afina-wow [57]

Answer:

d. 3QC + QF = 720

Explanation:

The labor constraint is the resource limitation in terms of labors. If labor resource is scarce then production schedule needs to prepared with special attention to utilize the resource in best possible way. The labor constraint is 3QC + QF = 720 for the ROW.

5 0

3 years ago

Determining Amounts to be Paid on Invoices Determine the amount to be paid in full settlement of each of the following invoices,

Svetlanka [38]

Answer: a) $30,400

b)$10,394

c)$16,830

d)$8,015

e)$76,626

Explanation:

When a credit term such as 2/10, n/30 is given, it means that the buyer is liable for a 2% discount if they pay within 10 days otherwise they must pay within 30 days.

Discounts are applied AFTER returns are subtracted.

Also any freight charges are charged to the buyer.

With that said, let's calculate this with gusto

a) No discount. Returns of $1,600

= 32,000 - 1,600

= $30,400 is amount to be paid.

b) Freight charges of $300. 2% discount. Returns of $2,500

= (1-0.02)*(12,800 - 2500) + 300

= $10,394 is amount to be paid.

c)Discount of 1%. Returns of $4,000.

= (21,000-4000) * ( 1 - 0.01)

= $16,830 is amount to be paid.

d) Freight charges of $175. Returns of $1,000 and discount of 2%.

= (9,000 - 1,000) * (1 - 0.02) + 175

= $8,015 is amount to be paid.

e) Discount of 1%. No returns.

= 77,400 ( 1 - 0.01)

= $76,626 is amount to be paid.

8 0

4 years ago

Mike deposited $100,000 in a bank and procured a certificate of deposit on it, payable to himself, for repayment in five years w

horsena [70]

Answer:

The correct answer is letter "D": an installment note.

Explanation:

An installment note is a promissory commitment for payment of the principal and interest of a debt. The payments are distributed in equal periods of time -usually monthly, and represent the amortization of the total amount owed. According to the agreement, a minimum amount can be established to be paid to avoid more debt.

7 0

3 years ago

The newest version of a product like Crutchfield headphones is likely to use _____, while the new version of Monster Energy is l

PolarNik [594]

The newest version of a product like Crutchfield headphones is likely to use price skimming, while the new version of Monster Energy is likely to use penetration pricing

<h3>What is price skimming?</h3>

Price skimming is a pricing strategy that a company can use when launching a new product or service.

Electronic products, such as the Apple iPhone, frequently use a price-cutting strategy during the initial launch period. Then, after competitors launch competing products, such as the Samsung Galaxy, the price of the product drops to maintain the product's competitive advantage.

The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. Skimming is commonly used when a product is new to the market (in its introduction or growth phase) and has few competitors.

To know more about price skimming follow the link:

brainly.com/question/15371394

#SPJ4

3 0

1 year ago