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vagabundo [1.1K]
3 years ago
12

g Marginal revenue product measures the rev: 06_21_2018 Multiple Choice amount by which the extra production of one more worker

increases a firm's total revenue. decline in product price that a firm must accept to sell the extra output of one more worker. increase in total resource cost resulting from the hire of one extra unit of a resource. increase in total revenue resulting from the production of one more unit of a product.
Business
1 answer:
Anton [14]3 years ago
5 0

Answer: The correct answer is the first statement.

Explanation: Marginal revenue product measures the amount by wich the extra production of one more worker increases a firm's total revenue.

<u>It is an economic term used to describe the change in total income that results from a unit change of one type of input variable. There are many types of input variables that you can change, such as adding an employee or a new machine.</u>

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The day-to-day living conditions of modern Americans are very different from what they were in the 20th century. While doing res
IRINA_888 [86]

Answer:

B) There has been economic growth in our society.

Explanation:

The American economy has consistently been the largest economy in the world since 1871, while the rest of the economic podium has changed a lot. Currently the Chinese economy is number 2, but just a few years ago the Japanese economy was on second place. The United Kingdom is currently a large economy, but it was number 1 before the US, and then it continued to fall to the sixth place. Argentina was once of the largest economies and richest economies in the world, and now it is a developing nation.

The only constant position (at least until China surpasses the US) during the last 150 years has been the US at number 1.

That doesn't mean that the US economy grew every year and there were no recessions. The largest global recession originated in the US in 1929, the Great Depression. And just a few years back, in 2008 the Great Recession hit the US. The US has suffered from several minor recessions as well.

3 0
3 years ago
The concept of market conduct includes such things as ____.
lbvjy [14]

The concept of market conduct includes such things like profit , loss and assest growth targets.

Explanation:

Market conduct is used in insurance industry to describe the problems that are related to the sale and distribution of insurance. It deals with the pricing and promotion strategies based on the players in the market related to their aim , objective and desicion making process.

Based on this concept all consumers are seen as potential customers with similar needs. They have proper regulations to check the customers are charged fair and reasonable insurance prices.

They will also ensure whether the consumers have access to beneficial and compliant insurance products.

3 0
3 years ago
Under a straight life annuity, if the annuitant dies before the principal amount is paid out, the beneficiary will receive?
bezimeni [28]

Nothing the payments will cease.

Payments:

For the balance of the annuitant's life, a straight or pure life annuity will provide a set sum of income. Regardless of the amount of unpaid principal, this payment will end at death. There are no compensation or refunds made to survivors.

The beneficiary will receive the amount placed into the plan or the cash value, whichever is larger, if the annuitant passes away before the payment term.

Banknotes and coins (cash), deposits, and credit on an account with a financial institution or a comparable entity that can be run using payment instruments are all considered means of payment.

Learn more about Payment here brainly.com/question/25898631

#SPJ4

8 0
1 year ago
Calculate marginal cost
Vsevolod [243]

Answer:

Ok but where is the question?

6 0
3 years ago
Efforts by the federal reserve bank (the fed) to control the money supply and interest rates are known as:
Sindrei [870]
Efforts by the federal reserve bank to control the money supply and interest rates are known as monetary policies.
7 0
3 years ago
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