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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<span>A situation in which quantity demanded is greater than quantity supplied best describes shortage. Shortage is when any product or service lacks the means to provide or satisfy its demand. A shortage in the product or service usually results to a price increase. On the other hand, a surplus results to a price decrease.</span>
Answer:
The answer is D. He is using the psychological and social dimensions.
Explanation:
From the start of globalisation, it has been a necessity to move people from one part of the global to another. This implies that people will be exposed to each other in one aspect or the other. From a manager's perspective, due to the need to manage individuals from different parts of the world, a certain approach is to be used. Such approach is generally called the global mindset. It entails all the skills or qualities that will help efficient interaction or management of individuals or groups from different parts of the globe.
In this aspect, the global mindset is viewed from 3 different dimensions;
- The psychological dimension which relates to the use of emotions and willpower,
-the social dimension which relates to the ability to create trust and
- the cognitive dimension which relates to the level of information or know-how possessed by the manager in his/her industry and how he/she makes use of this information.
Answer: $18,128.27
Explanation:
Real interest rate = [( 1 + Nominal rate ) / ( 1 + inflation rate)] - 1
= [(1 + 13%) / ( 1 + 4.4%) ] - 1
= 8.2375478927203065134%
This is dealing with the future value of an annuity where $5,000,000 is that future value.
Future Value of an annuity = Amount * {[((1 + r )^n) - 1] / r}
5,000,000 = Amount * {[((1 + 8.2375478927203065134%% )^ 40) - 1] / 8.2375478927203065134%}
5,000,000 = Amount * 275.81229325572622843153903061969
Amount = 5,000,000/275.81229325572622843153903061969
= $18,128.27
