Answer:
opportunity cost
Explanation:
The concept of Opportunity cost deals with the idea that individuals, investors, or business owners, due to scarcity of resources, lost possible benefits that could be gained, as he or she chooses alternative choice.
Hence, the underlying reason or factor trade benefits both sides of a trading arrangement is rooted in the concept of OPPORTUNITY COST.
Therefore, the right answer is Opportunity cost.
The marginal product of labor is 10.
Data and Calculations:
Production function = Q = 20K0.5L0.5 = 20 x K x 0.5 x L x 0.5
Where:
Q = number of surgeries per day
K = number of machines
L = number of employees
Assuming that:
K = 2
L = 2
Therefore, Q1 = 20 x 2 x 0.5 x 2 x 0.5
= 20 surgeries per day
Q2 = 20 x 2 x 0.5 x 3 x 0.5
= 30 surgeries per day
Change in productivity = 10 (30 - 20)
Change in labor = 1 (3 - 2)
Marginal product of labor = change in output / change in labor
= 10 (10/1)
Thus, the marginal product of labor for the production function is 10.
Learn more: brainly.com/question/4186143
The type of reaction will he most likely face in the early stages is rigid and reactive.
<h3>What is Organization?</h3>
Organization refers to the group of people working together in order to achieve the organizational goals. The goal of every organization is to maximize the profits for which it takes various activities.
In the above scenario, Dorian has started a cultural organization in a quality process. The changes made in any of the organization are rigid at first place.
The employees of the Dorian organization will react to the changes made regarding culture of the organization. Later on everyone will be adaptive to the changes.
Learn more about employees here:
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True, banks around the world keep an eye on foreign currency
Answer:
25.89%
Explanation:
With regards to the above information, initial earning = $0.50
Final earnings = $5.0
Number of periods = 10 years
We can formulate the above into an equation, which will now be:
$5.00 = $0.5 ( 1 + rate )^ 10
We can simplify furthermore.
1 + rate ^ 10 = 5 / 0.5
1 + rate ^ 10 = 10
1 + rate ^ 10 = 10^1/10
1 + rate = 10 ^ 0.1
1 t rate = 1.2589
rate = 1.2589 - 1
rate = 0.2589
rate = 25.89%
Therefore, the growth rate in earnings per share (EPS) over the 10 year period is 25.89% .
