The break even level of sales is <span>$1400</span> +$13*n
Answer:
Theory X organization
Explanation:
McGregor defined it as this: an organization whose approach tend to have several strata of managers and supervisors to oversee and direct workers. A place where Authority is rarely delegated, and control remains firmly centralized. Managers are authoritarian and actively intervene to get things done.
How are we going to answer without the choices?
A monopolist will hire workers up to the point at which the wage equals to marginal revenue.
Given that monopolist will need to hire workers.
We are required to find the point up to which the monopolist will hire the workers.
Monopolist is the person or institution who has the largest power of the market means monopolist can change or influence the price according to him or his requirements.
From the definition of monopoly we can say that a monopolist will hire workers up to the point at which the wage equals the marginal revenue.
Wage is a part of cost and it is a variable cost. Variable cost is the cost which is not fixed for all the units. Variable cost increases with the increase in the units of the good.
Hence a monopolist will hire workers up to the point at which the wage equals to marginal revenue.
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Answer:
All of these is true.
Explanation:
In the long run, the real GDP moves to potential level. It is because in the long run when the price level increases, the price of factor inputs increases as well.
The economy can produce reach natural rate of employment and potential output at any price level. Increase in price does not cause the output to increase in the long run.
Improvement in the state of technology or increase in available resources causes the output level to increase.
Cyclical unemployment will not exist in the long run, only natural unemployment will exist. All the available resources will be fully employed in the long run.
