Answer:
B) For the 11th worker, the value of the marginal product of labor is $4,000.
Explanation:
The marginal product of labor (MPL) of a company is the total change in output achieved by hiring an additional worker. To calculate the MPL we have to multiply the change in output (measured in units) times the revenue generated by every extra unit of output.
In this case, the MPL = 2 surfboards x $2,000 per surfboard = $4,000
The Pawnshop would be the highest risk for the customer.
The economy consists of producers, who make and sell goods and services, and consumers, who buy the goods and services.
Producers rely on consumers to buy from them, and consumers rely on producers to provide the goods and services they want.
Money allows this relationship to work.
Answer:
$16,393.44
Explanation:
Calculation for what would be your gain
Gain=$1,000,000/($0.61 per AUD)*$0.62 per AUD - $1,000,000
Gain=1,639,344*$0.62 per AUD - $1,000,000
Gain=$16,393.44
Therefore what would be your gain if you use $1,000,000 and execute locational arbitrage will be $16,393.44