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MariettaO [177]
3 years ago
14

The first, second, and third workers employed by a firm add 24, 18, and 9 units to total product, respectively. Therefore, we ca

n conclude that Multiple Choice marginal product of the third worker is 9. the third worker has to work with poorer-quality tools and raw materials. the firm will not want to hire more than three workers. the first worker puts forth more effort than the second and third workers.
Business
1 answer:
Svetach [21]3 years ago
3 0

Answer:

Therefore, we can conclude that:

the marginal product of the third worker is 9.

Explanation:

a) Data and Calculations:

The productivity of first worker = 24

Increase in productivity from second worker = 18

Increase in productivity from third worker = 9

b) The marginal product or productivity of a worker shows the increase in productivity as a result of hiring an additional worker.  To obtain the marginal product, we first calculate the change in output as a result of the change in the input of the particular resource.  Then, this change in output is the marginal product.

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The property of water that produces water's surface tension is called ______, which is the tendency of water molecules to stick
fgiga [73]

The property of water that produces water's surface tension is called <u>cohesion</u>, which is the tendency of water molecules to stick together.

More about surface tension:

The force per unit length that must be supplied parallel to the surface in order to balance the net inward pull is known as the surface's "tension."

All nearby molecules in a liquid share the cohesive forces that hold them together. Because they don't have any above-surface neighbours, molecules on the surface exert stronger attractive forces on their closest neighbours below and on the surface.

Due to the cohesive structure of the water molecules, surface tension can be described as the characteristic of a liquid's surface that permits it to resist an external force.

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2 years ago
An investor has her money segregated into checking, savings, and investments. The allocation among the categories is subjective,
77julia77 [94]

Answer:

An investor has her money segregated into checking, savings, and investments. The allocation among the categories is subjective, yet the investor spends freely from the checking account and not the others. This behavior can be explained as _______________.

Mental accounting

Explanation:

Mental accounting is the concept with which the management sciences explain the mental processes in which people perform categorization, evaluation, and coding of economics. It was proposed by Richard Thaler and suggests that people can perform it with easiness when they manage the accounting of their finance in their minds.

5 0
3 years ago
Suppose economic conditions call for a tax increase but Congress does not implement this measure because an election is approach
Daniel [21]

Answer:

Implementation lag

Explanation:

there are four types of lags associated with fiscal policy

Administrative lag is the time it takes to enact the needed policies. Operational lag is the time it takes for the policy to be enacted to the time the effects are felt in the economy

Recognition lag is the amount of time it takes for authorities to recognise a problem in the economy that needs fiscal policy intervention.

Implementation lag is the amount of time it takes for fiscal policy decisions to be implemented.

3 0
3 years ago
Norred Corporation has provided the following information: Cost per Unit Cost per Period $ 121,500 $ 44,500 Direct materials Dir
svetoff [14.1K]

Answer:

$134,300

Explanation:

The computation of total manufacturing  overhead is shown below:-

Variable manufacturing overhead = Variable manufacturing overhead cost per unit × Units produced

= $1.60 × 8,000

= $12,800

Total Manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead

= $12,800 + $121,500

= $134,300

So, for computing the total manufacturing overhead we simply applied the above formula.

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3 years ago
The debt owed by a business to an outside individual or organization is called its?
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The debt owed by a business is called liabilities. Liabilities are obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like  products, services.

Liabilities on balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties etc. Assets can be contrasted with liabilities. Assets are items business own or owe money to, whereas liabilities are debts or other obligations.

Short-term financial commitments of a business that are due in a year or within its typical operational cycle are known as current liabilities.

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7 0
2 years ago
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