1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svetradugi [14.3K]
3 years ago
13

In a purely competitive labor market, a profit-maximizing firm will hire labor up to the point where the marginal revenue produc

t of labor equals the:
Business
1 answer:
svlad2 [7]3 years ago
5 0
<span>In a purely competitive labor market, a profit-maximizing firm will hire labor up to the point where the marginal revenue product of labor equals the revenue product equals the cost of hiring an extra worker. In purely competitive market there are a lot of companies producing a standardized product. The prices of the product are determined by the consumer demand of the product and the supplier is not allowed to decide the price. </span>
You might be interested in
A computer company salesperson invites the IT managers of its top 10 customers (in terms of dollar sales) to view a demonstratio
zaharov [31]

Answer:

E. influencers

Explanation:

8 0
2 years ago
If Frank is researching the number of customers who have gluten or wheat allergies, and then he begins to devise a strategy to c
katrin2010 [14]

Frank is involved in planning if he researches the people that have wheat allergies and devises a way to cater to the people.

<h3>What is planning in business?</h3>

These are the strategies that are used in business where the manager would set objectives and goals for the company and then devise the ways that they would reach the goals they have set.

This is what Frank is doing here by setting up strategies to help cater for the individuals.

Read more on planning here:brainly.com/question/2486491

7 0
2 years ago
A study of interior designers' opinions with respect to the most desirable primary color for executive offices showed that:
weqwewe [10]
It showed that most people prefer red color in their executive offices.
Red is a primary color which most people associate with good feelings, so it's no wonder these interior designers believe it will benefit the workers in their workplace.
6 0
3 years ago
Assuming a 360 day year, the interest charged by the bank at the rate of 6%, on a 90 day discounted note payable of 100,000 is:_
Readme [11.4K]

Answer:B. $1,500

Explanation:

Interest revenue is  money earned when an entity or individual  loans   money to another.  it can also be regarded as money accrued  from investments. IT is calculated as  

Interest Revenue = Principal x Rate x Time

= $100,000 x 6%  x 90/360

= $100,000 x 0.06 x 0.25

= $1,500

Therefore the interest charge by the bank is $1500.

4 0
2 years ago
Scarcity is the most basic problem in economics true or false
Rasek [7]
True.

I hope this helps! :)
5 0
2 years ago
Read 2 more answers
Other questions:
  • Select the sentence indicating the team that would be the most help in determining the kind of advertisements that a product sho
    13·1 answer
  • Below are a set of heights (in inches) and GPA scores for a sample of 6 students. Height, GPA 60, 4.0 55, 3.2 62, 3.7 55, 3.9 49
    14·1 answer
  • Prepare an income statement for May assuming the following data are not included above: (1) $900 worth of services were performe
    12·1 answer
  • At the beginning of the month, the Forming Department of Martin Manufacturing had 14,000 units in inventory, 40% complete as to
    10·1 answer
  • 16. Suppose you decided to place $2,500 in a savings account at First Foremost Savings and Loan. If the account pays 7% compound
    13·1 answer
  • Consider an identical basket of goods in both the U.S. and Taiwan. For a given nominal exchange rate, in which case is it certai
    9·2 answers
  • Arthur is a California resident. He was ordered to pay $2,000 in alimony and $3,000 in child support to his former spouse. He me
    5·1 answer
  • Pransit, a truck driver, was involved in a truck collision with a passenger car driven by Sanjay. He sued Sanjay for negligence
    5·1 answer
  • Management of Wee Ones (WO), an operator of day-care facilities, wants the company's profit to be subdivided by center. The firm
    9·1 answer
  • You are the manager of a retail store. Shipments of the products you sell arrive once a week from the central warehouse and you
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!