According to Career Horizons,

Even when competitive firms are unable to calculate marginal revenue product directly, _________________________________________

GenaCL600 [577]

Even when competitive firms are unable to calculate marginal revenue product directly, the pressures of competition in the labor market will push wage rates toward the marginal revenue product of labor.
By comparing the marginal revenue and marginal cost from each unit produced, a firm in a competitive market can determine the profit-maximizing level of production.

5 0

4 years ago

Read 2 more answers

THIS IS FOR CULINARY

enyata [817]

Answer:

D. layoffs

Explanation:

A contingency plan is an alternative plan of action in case of unexpected outcomes. It is devised and kept in place to be implemented in bad times. A contingency plan is a sort of a risk mitigation plan to help the business navigate through a bad situation efficiently.

A contingency plan for labor include measures that can help a business overcome tough seasons. The business may need to layoff some employees to save on labor in times of economic downtime

3 0

3 years ago

Street Company's fixed expenses total $150,000, its contribution margin ratio is 40% and its selling price per unit is $11.25. B

pickupchik [31]

Answer:

Break-even point in units= 33,333.33 units

Explanation:

The break-even point (BEP) is the quantity of each product to be sold such that the business makes no profit or loss.

The beak-even point can be determined as follows:

The Break-even point in sales = Total general fixed cost / Contribution per unit margin

Contribution per unit = Contribution margin ration × selling price

= 40%×11.25 =4.5

The break-even point (in unit) = 150,000/ 4.5 =33,333.33

break-even point in units= 33,333.33 units

3 0

4 years ago

Suppose Stuart Company has the following results related to cash flows for 2021: Net Income of $5,600,000 Increase in Accounts P

seropon [69]

1. The statement of cash flows of Stuart Company for the year ended December 31, 2021, is as follows:

Stuart Company

<h3>Statement of Cash Flows</h3>

For the year ended December 31, 2021, $'000

Net Income $5,600

Depreciation 1,900

Other Adjustments (800)

Increase in Accounts Payable 600

Decrease in Accounts Receivable 900

Increase in Inventory (200)

Net Cash Flow from Operating Activities $8,000

2. The Net Cash Flow from Operating Activities for Stuart Company for 2021 is $8 million.

<h3>What are operating activities' cash flows?</h3>

The cash flows from the operating activities section affect revenues and expenses.

They indicate the cash flows that originate from the regular business activities of the entity.

To prepare the statement of cash flows, the first items to adjust the net income are the non-cash expenses and losses and revenues and gains.

Learn more about the operating activities section at brainly.com/question/25530656

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8 0

2 years ago

How do you know if you would qualify for a degree, diploma or certificate ?

Alex73 [517]

Bachelors, Diploma and Higher Certificate Pass Requirements Explained Written by howtopassmatric on October 20, 2015 · 124 Comments

We often get asked to check if learner (Insert your name) will or will not pass with a bachelors, diploma or certificate.

5 0

4 years ago