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
WITCHER [35]
3 years ago
9

If marginal product is greater than average product:

Business
1 answer:
babunello [35]3 years ago
5 0

Answer:

(D). Average product must be rising.

Explanation:

Average product is gotten by dividing the total product of a firm, by the labor quantity (such as the number of workers). This gives the average product per worker.

Marginal product shows the change in total productivity caused by an additional unit of labor (such as a newly hired worker).

If the extra productivity brought about by an additional worker (marginal product) is higher than the average productivity per worker in a firm (the average product), then this marginal productivity, when added to the total, will raise the average productivity of the firm.

This explains why "average product must be rising as long as marginal product is greater than it."

Similarly, once marginal productivity drops below average productivity, then average product starts to decline.

You might be interested in
Handcrafts & Hobbies Store agrees to hire Iliana for one year at a salary of $600 per week. When Handcrafts & Hobbies ca
natta225 [31]

Answer:

The difference between the wages at the two jobs plus 150.00.

Explanation:

There was a contract of one year and as per Severance pay h and H has to pay this amount.

5 0
3 years ago
12. Two building trades technicians are discussing the use of ladders on the construction site. Technician A says that
vovikov84 [41]

Answer:

The correct answer would be A, Technician B is correct.

Explanation:

Using Aluminum ladder on a construction site is not a good choice at all. It conducts electricity and can give a power shock to someone if electricity gets  conducted through it by any chance. Secondly, when it will be used on the construction site in open air under the sun, the aluminium ladder would get hot and workers wont be able to easily climb through it. Using wooden ladder would lessen the chances of any injury or casualty on the construction site due to electricity shock. So technician B is right who suggests that wooden ladder should be used instead of aluminium ladder.

3 0
3 years ago
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs
lana66690 [7]

Answer:

1. C. 12 cases remaining

2. B. 3 days

3. A. 4 Cases

4. A. $2.00

5. B. 11 cases

Explanation:

4 cases of beer are sold everyday. The ordering cost is $8.00 per order,

Reorder point = Lead time * Units demanded per day

Reorder point = 3 days * 4 cases of beer = 12 cases remaining

Economic Order Quantity = \sqrt{\frac{2* Annual demand * Ordering cost}{Holding cost per unit} }

EOQ = 11 cases

8 0
3 years ago
Financial barriers to healthcare are a huge concern to people around the world. describe three (3) organizations who provide fin
Vlada [557]

These are some of the organizations that provide financial assistance to healthcare: 

1. NeedyMeds, Inc. 

T<span>his is a national non – profit organization that provides free information to </span>those<span> people who cannot afford the medications. </span>T<span>his organization aims on providing affordable healthcare to </span>people. They also provide discount cards for medicine accepted in over 65,000 pharmacies. 

2. Partnership for Prescription Assistance 

This organization help those people who are uninsured or underinsured with their medications for free or nearly free. The organization<span> provides a single point of access to over</span> 475 patient assistance programs, including around<span> 200 offered by biopharmaceutical companies.</span> 

3. RxHope 

T<span>his organization provides an advocate and facilitator in getting the people's medications for free or at a small amount.</span>

4 0
3 years ago
How does investing in successful business ideas earn you money?
xxMikexx [17]
They are earn money by working hard and believe if in your self
5 0
3 years ago
Read 2 more answers
Other questions:
  • When markets fail, public policy can
    10·1 answer
  • How did changes in the Soviet Union affect people in other communist countries? Eastern Europeans began to rebel against their g
    6·2 answers
  • A fast-growing frozen yogurt chain discovers the need to create a proper advertising message that will result in increased sales
    13·1 answer
  • Define what a "transactional" relationship is, and discuss how this occurs in logistics.
    10·1 answer
  • The marginal benefit to Bob of a taxi ride to work today is $5. The price of a such a ride is $4 and is equal to the marginal co
    7·1 answer
  • Montgomery equipment rental company received​ $1,000 cash from a​ customer; the amount was owed to the business from the previou
    9·1 answer
  • Regardless of the inventory cost flow assumption used, inventories on the balance sheet are stated at: A. the lower of cost or m
    15·1 answer
  • Adams Enterprises’ noncallable bonds currently sell for $1,120. They have a 15-year maturity, an annual coupon of $85, and a par
    9·1 answer
  • Tom and his family have developed a successful business selling a liquid spray fertilizer to farmers. The fertilizer consists of
    11·1 answer
  • What is the importance of TNC for developing countries?.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!