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
antiseptic1488 [7]
3 years ago
10

The marginal product of labor is equal to the

Business
1 answer:
Ksivusya [100]3 years ago
8 0

Answer:

B. increase in output obtained from a one unit increase in labor

Explanation:

Marginal product is the change in output as a result of a change in factor input such as labor (L) or capital (K).

Marginal product of capital is the change in output resulting from a change in capital.

It can be calculated by :

Marginal product of capital (MPK)= change in output/change in capital

That is,

MPK=∆Q/∆K

Marginal product of labor is the change in output when additional labor is added. Only labor changes in marginal product of labor. It can be calculated by

Marginal product of labor (MPL)= change in output/change in labor

That is,

MPL=∆Q/∆L

You might be interested in
The privately-owned school system in Smalltown has a virtually unlimited capacity. It accepts all applicants and operates on bot
oksian1 [2.3K]

Answer:

A

Explanation:

The privately-owned school system in Smalltown generates  positive externality to members of SmalltownA good has positive externality if the benefits to third parties not involved in production is greater than the cost. an example of an activity that generates positive externality is research and development. Due to the high cost of R & D, they are usually under-produced. Government can encourage the production of activities that generate positive externality by granting subsidies.

The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.

The free rider has caused a decline in revenues and did not cause the private market to undersupply education to the community

6 0
3 years ago
As a result of the seizing up of the capital markets in 2008, and the shutting down of the CMBS market specifically, life insura
SCORPION-xisa [38]

Answer:

The statement given is TRUE:

Explanation: Most of CBMS left in 2008, there was vacuum that was left. Banks just decided to clean up their balance sheets, and did not participate. The life insurance companies took advantage of this period and increased their origination and thus increased the lending to this sector where there was a huge vacuum.

6 0
3 years ago
The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is:_______.
VikaD [51]

Answer: Investing activities

Explanation:

The appropriate section in the statement of cash flows for reporting the purchase of equipment for cash is referred to as the investing activities.

The operating activities has to do with the reporting of cash payment for wages. The financing activities has to do with reporting issuance cash for the common stock.

3 0
3 years ago
you are a manager of a large business enterprise. explain how you would address issues of equality respect and dignity in your b
irina [24]
<span>As a manager of a large business enterprise, I will address the issue of equality, respect and dignity in my business by employing the following tactics: [1] I will dutifully informed everyone in the company about the respect for co-worker policy of the company and the penalties for the offenders. [2] I will take the pain to always listen to the compliant any one has about a colleague and find ways of resolving the issue. All complain will be investigated with equal diligence. [3] I will regularly organize training seminars that aim at improving the mutual understanding among workers. [4] I will adopt a zero tolerance policy concerning workers who disrespect their colleagues. These techniques will help to enforce respect, dignity and equality among my workers.</span>
3 0
3 years ago
Which of the following are true if you pay only the minimum amount each month towards your credit card bill?a. You will be charg
BigorU [14]

Answer:

The correct answer is A and C as both are true statement.

Explanation:

Credit Card is a facility which is offered by banks to borrow money and it could be used by the borrower for buying expensive goods and the services up front. It has a time period, in which the borrower need to make payment for the amount used by the borrower along with the interest charged.

So, if the borrower paid the minimum amount towards the credit card, then the borrower is still in debt until clears or paid the whole amount and also will be charged the interest against the remaining balance or amount.

4 0
3 years ago
Other questions:
  • List three strategies for seeing that your guests do not leave your home or residence while impaired
    7·1 answer
  • If you waited until late in life to start saving, what two things should you try to do?
    5·2 answers
  • The system requirement where all transactions must have audit trails would fall under which system requirement category? input p
    10·1 answer
  • What is an investment report that is given to potential investors called
    5·1 answer
  • Ace Leasing acquires equipment and leases it to customers under long-term sales-type leases. Ace earns interest under these arra
    12·1 answer
  • The following data are available for the Northwestern Division of Dempsey, Inc. and the single product it makes. Average operati
    10·1 answer
  • The information needed to identify lines and other symbols on a construction drawings can be found in the
    6·1 answer
  • To be valid and enforceable, insurance contracts must meet which general legal requirements?
    12·1 answer
  • What is more volatile over time non-monetary real interest rate or risk-free rate of interest?
    7·1 answer
  • True or false?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!