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nexus9112 [7]
4 years ago
12

The owners of a local business are making a rational decision about how many workers to hire. How many workers would cause the m

arginal costs to exceed the marginal benefits?
Business
2 answers:
Gekata [30.6K]4 years ago
8 0
<h2>10 workers would cause the marginal  to exceed the marginal benefits.</h2>

Explanation:

  • Let us understand the term "Marginal benefits".
  • It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
  • In terms of producers, the marginal benefit is termed as marginal revenue.
  • Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
  • Marginal revenue always falls below marginal cost.
  • It is the revenue that the organization receives for selling one additional unit.
Lesechka [4]4 years ago
4 0

Answer: 10

Explanation: UsaTesprep

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At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number
Citrus2011 [14]

The statement "bikes shortage should be developed" is correct.

The following information should be considered:

  • In the case when the firm wants to sell the product at a lower price so there should be a product shortage.
  • The demand and supply should not achieve at equilibrium.
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Therefore we can conclude that The statement "bikes shortage should be developed" is correct.

Learn more about the product shortage here: brainly.com/question/12596577

6 0
3 years ago
Which situation best illustrates the effects of inflation?
NNADVOKAT [17]

Answer:

B. A type of shirt that sold for $10 in 2000 costs $15 in 2020  

Explanation:

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3 0
3 years ago
Over the last four years, a stock has had an arithmetic average return of 8.8 percent. Three of those four years produced return
m_a_m_a [10]

Answer:

Geometric Average return = 7.83%

Explanation:

First we need to find the missing value of data using Arithmetic mean formula

Arithmetic Mean = Sum of value / No of values

8.8% = Sum of Values / 4

Sum of Values = 8.8% x 4

Sum Values = 35.2%

Using Sum of Values we minus the remaining values in order to get the missing value of the data.

35.20% - 16.3% - 10.2%-(14.1%) = 22.80%

In order to get Geometric mean value we use geometric mean formula

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Geometric Mean = 7.83%

6 0
4 years ago
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