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victus00 [196]
3 years ago
10

A "profit-maximizing firm competes in both perfectly competitive" product and factor markets. This firm finds that its marginal

resource cost for the last unit of labor hired is greater than the marginal revenue product. This firm should__________.
Business
1 answer:
Klio2033 [76]3 years ago
3 0

Answer:

the correct answer is

produce less of the product and reduce the number of workers, even though the marginal resource cost will remain constant

good luck

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When would a pie chart be an effective visualization?
liubo4ka [24]

The time when a pie chart would be an effective visualization is when trying to work out the composition of something.

<h3>What is a Pie Chart?</h3>

This refers to the visual representation that is used to show and interpret data for a group of people to show their preferences in a circular, pie form.

Hence, we can see that using a pie chart to make an effective visualization is good and it is appropriate to use when a person is trying to work out the composition of something.

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4 0
2 years ago
The income statement for Nadeen, Inc. shows income before income taxes $700,000, income tax expense $210,000 and net income $490
katrin [286]

Answer:

B $4.90

Explanation:

The earnings per share ratio (EPS), is an entities net income after tax that is available the shareholders divided by the weighted average number of shares of common stock that are outstanding during the period of the earnings.

As such, given;

net income after tax = $490,000

number of shares = 100,000

EPS = net income after tax/number of shares

= $490,000/100,000

= $4.90

4 0
3 years ago
To reduce traffic, market town enacts an ordinance that allows only a few specific street vendors to operate in certain areas. a
pickupchik [31]

To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

<h3>What is principle equal protection?</h3>

The concept of equal protection states that no one should be denied the same level of protection from a government's laws. A person must be treated equally by the state's governing authority to others who are in comparable situations. Advocates have used the Equal Protection Clause, which mandates that states treat their residents equally, to challenge discriminatory laws, policies, and governmental acts.

Equal protection compels a state to govern impartially rather than making distinctions between people based purely on characteristics that are unrelated to a justifiable governmental goal. Therefore, the equal protection provision is essential for upholding civil rights. The goal of equal protection was to compel states to govern impartially and refrain from making disparities between people based on features that are immaterial to achieving governmental goals. In order to guarantee civil rights, the equal protection provision was essential.

Hence,  To reduce traffic, market town enacts an ordinance that permits only a few specific street vendors to function in certain areas. a court would likely review this ordinance under the principles equal protection.

To learn more about principle equal protection refer to:

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8 0
2 years ago
The amount you pay for gasoline for your car is an example of a(n):public-good cost.internal cost.external cost.social cost.thir
Andre45 [30]

Answer:

Internal cost.

Explanation:

The gasoline that a person used for his car is an example of an internal cost.

Internal costs are considered as a private costs which were incurred by the firms for the production of goods. It includes labor, depreciation, rents and inputs. These are the costs which is directly borne by a firm or an individual.

It is the direct cost associated with the firms for the production of goods and services.

4 0
4 years ago
Which of the following statement about renting vs owning is correct
Olin [163]
Rest of the answer? There should be more
6 0
3 years ago
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