Answer:
1) You should go home and watch TV.
Explanation:
Since you value seeing the play $10, then you should leave the theater and go to your house to watch TV since that has a higher value for you ($12).
We are talking about opportunity costs here. Opportunity costs are the extra costs or benefits lost from choosing one activity or investment over another. In this case the opportunity costs are:
- watch the play = $10
- watch TV = $12
- read a book = $8
Since watching TV is more valuable to you, then that is what you should be doing.
Answer:
Project Manager
Explanation:
Project Manager may be defined as the professional or the personnel in the field of the project management. The responsibility of the project management is to create plans and strategies and execute them to achieve their goals of completing a project under them. The coordination and interaction with the team members is very crucial in project management.
Answer:
labor input pairs of jeans marginal physical value of marginal
per day product physical product
0 0 0 0
1 10 10 $300
2 36 26 $780
3 56 20 $600
4 68 12 $360
5 74 6 $180
6 76 2 $60
7 76 0 0
8 74 -2 -$60
The marginal revenue product is the value of marginal physical product, and you calculate it by multiplying marginal physical product times the unit price of the pair of jeans.
Answer:
D) Both A and B
Explanation:
A sustainable workplace is the setup of the workplace in which the environment is employee-friendly. The cases of accidents and injuries and bad environment are absent in such type of workplace. The employees find such places a very healthy and favorable. It helps in generating a sound profit for the organizations.
What is the product that you want to find where it comes from?
