Answer:
increase in output obtained from a one unit increase in labor.
Explanation:
The marginal product of labor (MPL) is defined as the increase in total output produced by the addition of one extra unit of labor. The additional unit of labor refers to an additional employee, and the effect can be measured if all the other factors are constant.
The MPL is not constant, it usually increases at first, but then it starts to decrease as more employees are hired and capital resources must be shared between them.
The marginal product of the 14th worker is 8 and the firm sells its output for $4 per unit. if labor is the only variable cost, then the value of the 14th worker's marginal product equals the wage.
The marginal product's value is equal to the wage, and it produces until the price reaches the marginal cost. A business that prioritizes profits decides how much labor it will use so that the wage and the value of the marginal product are equal. The marginal product of labor, also known as MPL, is the increase in total production that a company experiences when one additional unit of labor (often one additional employee) is added while all other factors of production stay constant. The difference in output or product caused by raising a variable input by one unit is known as the marginal product. You may figure it out by dividing the variation in production by the variation in labor employed.
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Answer:
best efforts
Explanation:
As it name suggests, a best efforts IPO takes place when an underwriter cannot commit completely to a client because the market interest in the firm is not certain. So the underwriter "promises" to make its best effort to carry out a successful IPO, but cannot guarantee it. On the other hand, when the market interest is very large, underwriters themselves purchase the entire IPO through a firm commitment IPO.
Answer and Explanation:
The journal entries are shown below:
On May 1
Cash $840,000
To 4% Bonds Payable $840,000
(Being the issued of the face value is recorded)
On Nov 1
Interest Expense $16,800
To Cash A/c $16,800
(Being the interest expense is recorded)
The computation is shown below:
= $840,000 × 4% × 6 months ÷ 12 months
= $16,800
On Dec 31
Interest Expense $5,600
To Interest Payable $5,600
(Being the accrued interest is recorded)
The computation is shown below:
= $840,000 × 4% × 6 months ÷ 12 months
= $5,600
Every purchase done by Peter should support His norms and values. He can either support large businesses that rips people, plants, animals, and the environment at large or rather go for organic and local produce.
Secondly, Donation of blood by saving a life.
Thirdly, give out used clothes to those in need. He can as well donate them to organizations that helps distribute them to the needy.
Fourthly, volunteering goes a long way.This simply means offering a service without getting paid for it. It nourishes the community and gives a sense a humor.
Finally, be kind, do unexpected good to the known and unknown. This goes a long way.
