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marin [14]
2 years ago
8

g The effect on revenue due to a marginal increase in the input is called the marginal revenue product. Match the statements bel

ow with the appropriate type of market structure a firm operates in. The marginal revenue product of the input x is lower than the value of the marginal product of that input (price times marginal product). This statement is true for a
Business
1 answer:
morpeh [17]2 years ago
5 0

Answer:

Statement true for Imperfect Competition Markets

Explanation:

Marginal Revenue Product is additional revenue due to hiring of additional input, it is product of marginal product & marginal revenue = MP x MR

Value Marginal Product is money value of additional production with additional input, product of marginal product (MP) & price (AR), = MP x AR

Input demand curves are derived demand curves, derived from demand of final goods. In perfect competition, demand is perfectly inelastic & horizontal, AR = MR, so MRP = VMP in this case. In imperfect competition market (oligopoly, monopoly etc) - MR < AR, so MRP < VMP in this case.

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A the answer bro or girl ok

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2 years ago
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Advances in technology are constantly changing how people work and conduct business. true or false
Evgen [1.6K]
TRUE. Advances in technology are constantly changing how people work and conduct business.

With the advancement of technology, people are adjusting to maximize the benefits they get from said advances. 

For example, before the creation of cellular phones, the means of communication were through mailed letters and telegraphs, then it evolved to land lines, beepers, cellular phones, and finally, the internet (skype, ym, im,etc.)
8 0
3 years ago
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Due to dropping sales, a company that manufactures soaps begins to sell them to restaurants and hotels to extend their product's
fomenos
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8 0
3 years ago
People live for four periods. They can choose to work for all four periods, or can attend school in the first period and then wo
blondinia [14]

Answer:

People should disregard schooling and  thus work in the entire life period.

Explanation:

Condition 1--- Work throughout the 4 periods

The NPV = \frac{30,000}{1.1} + \frac{30,000}{1.1^2} + \frac{30,000}{1.1^3} + \frac{30,000}{1.1^4}

= 27,272. 7 + 24,793.3 + 22,539.4 +20,490.4

= 95,095.8

Condition 2 - Attend school and work later

The NPV = -28,000 + \frac{50,000}{1.1^2} + \frac{50,000}{1.1^3} + \frac{50,000}{1.1^4}

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=   85,038.61

Conclusion: Since the NPV of not going to school is higher, people should disregard schooling. They should work in the entire life period.

3 0
3 years ago
___ is the process of examining, documenting, and assessing the security posture of an organization’s information technology and
pychu [463]

Answer:

The correct answer is letter "A": Risk identification.

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Risk identification is one of the steps used in the risk management process. Risks are determined through the measurement of the parameters that define them, the size of the loss or possible damage, and the possibility that the loss or damage eventually takes place.

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2 years ago
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