The mission of a company (A) <span>is the basic purpose of the organization</span>
The marginal revenue product (MRP) of land declines as more land is brought into production because:
A. Land is a "unfastened and nonreproducible gift of nature."
B. Of diminishing returns.
C. Land hire has no incentive characteristic.
D. The deliver of land is constant
Marginal revenue product (MRP), also referred to as the marginal charge product, is the marginal revenue created due to an addition of 1 unit of useful useful resource. The marginal revenue product is calculated by way of way of multiplying the marginal physical product (MPP) of the useful aid by means of the marginal revenue (MR) generated.
How do you calculate marginal revenue product of labor?
The marginal sales manufactured from a worker is equal to the made from the marginal product of hard work (MPL) and the marginal sales (MR) of output, given with the aid of MR×MPL = MRPL.
What takes place to marginal revenue product whilst call for decreases?
Marginal revenue product sales will usually be less than call for for a given quantity. That is because of the reality a monopolist's call for curve is similar to its average income curve, and for a monopolist, every commonplace and marginal sales will decrease as amount increases.
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Answer:
The correct answer is C.
Explanation:
Giving the following information:
In May direct labor was 60% of conversion cost. If the manufacturing overhead for the month was $54,000.
We know that:
Conversion cost= direct labor + manufacturing overhead
If direct labor was 60% of conversion costs, overhead was 40%.
Rule of 3:
40%=54,000
60%= x
x= (0.60*54,000)/0.40
x= 81,000
Direct labor= 81,000
Answer:
TRUE
Explanation:
The Z value determinates the level of service at a normalize distribution of (0;1) We then convert this value to the deviation of our distribution by multiplying each other.
The Z value represent the the value at which a 99% or 95% or whatever percent of change of safety is achieve. We convert by our deviation to adapt the normalize distribution of (1;0) to our values.
There is always a chance for stock-out as we work with probabilities and at more higher safety level we require more units to make up for the change of a single customer from nowhere purchase an unexpected amount. As this person can appear anytime and purchase any amount there is always a level of uncertain (5% or 1% or less)
