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Sati [7]
3 years ago
15

Under conditions of imperfect competition, the mrp for the twelfth worker is calculated by

Business
1 answer:
solong [7]3 years ago
4 0

Answer: MRP or the Marginal Revenue Product is the addition to total revenue when one more unit of a product is produced and sold in the market. It can be calculated using the given formula,

MRPn = TRn - TRn-1

Therefore, MRP for the twelfth worker will be,

MRP_{12} = TR_{12}  - TR_{11}

which is total revenue at 12th worker minus total revenue for the 11th worker.

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Answer:

Some of the factors that influence the supply of a product are described as follows:

i. Price: ...

ii. Cost of Production:  

iii. Natural Conditions:  

iv. Technology:  

v. Transport Conditions:  

vi. Factor Prices and their Availability:  

vii. Government's Policies:  

viii. Prices of Related Goods

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6 0
3 years ago
Anderson Products Inc., a large conglomerate, took over a small startup company that had made some breakthrough innovations in t
Whitepunk [10]

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4 0
3 years ago
Seidman Company manufactures and sells 20,000 units of product X per month. Each unit of product X sells for $17 and has a contr
True [87]

Answer:

Effect on income= $115,000 decrease

Explanation:

Giving the following information:

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<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income=  decrease in fixed costs - decrease in contribution margin

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4 0
3 years ago
List four decision making techniques
Elenna [48]
Command – decisions are made with no involvement.
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2,3,4,5

Explanation:

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