Answer:
The correct answer is b. output divided by the change in labor.
Explanation:
The marginal product means the additional units of production that are added to the total production when the labor is increased by 1 unit and is a measure of production efficiency.
Answer:
C) minimize its weighted average cost of capital (WACC).
Explanation:
The weighted average cost of capital (WACC) is determined by multiplying the different costs of capital by their relative weight (proportional to the company's total capital structure). You must include all the sources of capital in order to calculate the WACC, e.g. common stock, bonds, bank loans, preferred stock and other long term debts.
The lower the WACC, the lower the discount rate for the company's cash flows.
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