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
Madison Corporation purchased 40% of Jay Corporation for $300,000 on January 1. On June 20 of the same year, Jay Corporation dec
Mandarinka [93]

Answer:

$420,000

Explanation:

Given the above information,

Dividend

= $75,000 × 40%

= $30,000

Share in income

= $375,000 × 40%

= $150,000

Balance in investment account

= Beginning balance + Share in income - Dividend

= $300,000 + $150,000 - $30,000

= $420,000

Therefore, the balance in Madison's equity method investments - Jay Corporation accounts as of December 31 should be $420,000

4 0
3 years ago
Technological improvements have made it possible to do a restaurant’s food cost percentage in about _____________ of the time it
EleoNora [17]

Answer: One-third

Explanation:

The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.

Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.

3 0
3 years ago
Read 2 more answers
Heidi, a vsc-certified volunteer, is working at the intake station. as part of her duties, she is required to explain to the tax
umka21 [38]
<span>Heidi should inform them that form 13614-C has to be completed before the return can be prepared, the client will then be interviewed by whomever is preparing the return and additional questions would likely be asked, and the client would need to have a quality review done on their taxes by someone other than the person preparing the return.</span>
5 0
3 years ago
. How does analyzing fixed and variable costs help you to set a sale price that will generate profit? 2. How is profit affected
ELEN [110]

Answer:

1. Apart from helping to know the average cost of a product, analyzing fixed and variable cost will help to derive the break even point.

2. Profit will go down

Explanation:

1. The size of the selling price and the variable cost determine contribution per unit of a product. Contribution per unit is Price minus variable cost. This shows the  contribution of sales revenue towards covering the fixed cost of a product.

2. Relevant range is the estimated or budgeted activity level which defines a business volume of production or operation, it is both maximum and minimum threshold within which the entity must operate to expect certain level of cost and revenue.

Sometimes fixed costs are fixed within a relevant range of activities and outside such range, fixed cost may become variable, which will all things being equal impact negatively on the price.

Also, within relevant range volume discount may be achieved and outside such range, this may be forfeited which, will also reduce profit all things being equal.

4 0
3 years ago
One reason to buy a home instead of rent a home is:
Effectus [21]
Less money up front equals it to be better than renting an appartment
3 0
3 years ago
Read 2 more answers
Other questions:
  • When you arrive at work, your supervisor gives you a project to complete by the end of the day. Half way through your day, one o
    15·1 answer
  • You and your twin sister, both 18 years of age, were in a car accident. She had a clean break across the humerus and the upper a
    13·1 answer
  • 4) Identify the elements that are necessary to make a contract valid
    8·1 answer
  • The accounts receivable turnover is computed as __________ divided by __________.sales; accounts receivablesales; average accoun
    14·1 answer
  • Proposals related to ________ include controlling the ingredients that go into certain products and packaging as well as reducin
    13·1 answer
  • Banko Inc. manufactures sporting goods. The following information applies to a machine purchased on January 1, Year 1: Purchase
    8·1 answer
  • Nathan is a sales rep who, based on last year, averaged $2,200 of monthly commission before taxes. He should include
    12·1 answer
  • if 2022 murano’s available intelligent climate control starts in automatic defrost mode, what other features, if equipped, are a
    9·1 answer
  • Explain the advantages of earthworm farming​
    13·1 answer
  • Undercapitalization refers to the problem of: Group of answer choices insufficient funds to operate a business normally. inadequ
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!