Answer:
c. 5
Explanation:
L Q MPL (ΔinQ/ΔinL) VMPL
4 52
5 60 8 80
6 66 6 60
7 70 4 40
8 72 2 20
Note: Labour hired per day = L, Total product = Q, Marginal Product of labor=MPL, VMPL =Price*MPL
A firm will maximize the profit by increasing the number of labor as long as VMPL is higher than or equal to the wage rate. In this case, we observe that VMPL ($80)>wage rate ($75) for L=5 but VMPL ($60)<wage rate ($75) for L=6. So, the optimal number of labor to be hired is 5.
Answer:
Sergey likes to play soccer in his free time = Hobbies
Scott's parents moved from the U. S. to Australia = Background
Bihn wants to make enough money to send his children to school = goal
Yolanda us outgoing and able to make friends quickly = Ability
Cheyenne is currently working as a junior dance teacher in a big studio, to learn what she would need to know when she opens her own someday = experience
Melanie cares about fitness and the outdoors so she often participates in active outdoor activities like biking and mountain climbing = Lifestyle
Amandos favourite subject in school is world history = interest
Now the supply chain flexibility is based make to order strategy, low volumes, low switching costs and low stocks.
A business is a productive organization—an organization whose purpose is to create goods and services for sale, usually at a profit. Business is also an activity. One entity (e.g., a person, an organization) “does business” with another when it exchanges a good or service for valuable consideration. Business ethics can thus be understood as the study of the ethical dimensions of productive organizations and commercial activities. This includes ethical analyses of the production, distribution, marketing, sale, and consumption of goods and services
These types of damages are called “Compensatory damages”.
<span>Willis breached the contract but the breach was not
material. So as a way to compensate for the damages Willis have made, he
offered instead to pay $300 to put the correct faucets and linoleum in the
powder room.</span>
