Answer:
$30,000
Explanation:
Lara Technologies could invest the 250,000 in exchange of a 12% return, therefore, the opportunity cost would be:
$250,000 x 12% = $30,000
$30,000 dollars in returns is what Lara Technologies would give up if it purchased the land instead of investing the money.
The profit maximization is derived at the point where the marginal revenue product of labor is equal to the marginal factor cost of labor.
Reason :
The profit maximization level is the point at which marginal cost equals marginal revenue. In this case, the marginal cost of labor is the labor wage. Thus, the profit maximization point for the employer is the point at which wage equals the marginal revenue product of labor.
What is the marginal revenue product of labour equal to?
The marginal revenue product of a worker is equal to the product of the marginal product of labor (MPL) and the marginal revenue (MR) of output, given by MR×MPL = MRPL. This can be used to determine the optimal number of workers to employ at an exogenous determined market wage rate.
What is the derived demand of labor curve?
The firm's demand for labor is a derived demand; it is derived from the demand for the firm's output. If demand for the firm's output increases, the firm will demand more labor and will hire more workers. If demand for the firm's output falls, the firm will demand less labor and will reduce its work force.
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I would say no, but I'm sure you can call and ask the reason for the cancel.
Hope this helps :D
The HR functions that Brian Miller should prioritize are : 1. Human Resource Planning - The first thing that Miller has to do is identify the workforce requirement then plan how he is going to hire new talent to the company
<h3>What is
workforce requirement ?</h3>
A strong workforce necessitates that employees have the skills, experience, and credentials that employers require. Understanding these job requirements, how they are changing, and how they differ across localities is critical to the development of America's workforce.
A strong workforce necessitates that employees have the skills, experience, and credentials that employers require. Understanding these job requirements, how they are changing, and how they differ across localities is critical to the development of America's workforce.
Workforce assessment encompasses all of an organization's processes, systems, and tools for making accurate, reliable, and effective decisions about the jobs required to achieve business objectives, as well as the qualifications and performance expectations for the individuals who work in those jobs.
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Answer:
prototyping
Explanation: Because with this stage you will be able to see rough draft of the product and you will be able to the strongest and weakest parts of your project. Prototyping makes it possible to concertize an idea and to understand which aspects of the idea prove difficult or impossible to implement. Making a prototype can thus highlight unanticipated physical, technical or financial constraints.
