Your answer would be, If the Marginal Product of labor increases/rises, The Marginal Cost of Output FALLS.
If the Marginal Product of labor Falls, The Marginal Cost of Output RISES.
Hope that helps!!!
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The percentage of the disposable income that is discretionary is equal to 30.82% if the amount left after fixed expenses is $900.
As the amount left after payment of the fixed expenses is $900, this is said to be the discretionary income because discretionary income is equal to the disposable income minus fixed expenses.
Now we can calculate the percentage of disposable income that is discretionary as follows;
percentage of disposable income that is discretionary = (discretionary income ÷ disposable income) × 100
% discretionary income = (900 ÷ 2,920) × 100
% discretionary income = 90,000 ÷ 2,920
% discretionary income = 30.82%
Hence, 30.82% of the disposable income is calculated to be discretionary if the disposable income is $2,920 and the amount left after payment of fixed expenses is $900.
To learn more about discretionary income, click here:
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Answer:
e.people will not change the quantity of the good when the price of the good is changed.
Explanation:
When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.
Goods with perfect inelasticity usually have no or little close subsituites.
I hope my answer helps you
